Steven Madden (NASDAQ:SHOO) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Steven Madden shares moved above their 200-day moving average, reaching $42.86 before last trading at $41.56. The stock remains below its 50-day average of $44.40.
• Analysts maintain a generally positive outlook, with six Buy ratings, three Holds and one Sell; the consensus is “Moderate Buy” with a $51.80 price target.
• The company exceeded quarterly earnings and revenue expectations, reported 19.1% year-over-year revenue growth, and declared a quarterly dividend of $0.21, yielding about 2.0%. However, insiders sold more than $440,000 worth of shares during the last quarter.

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.70 and traded as high as $42.86. Steven Madden shares last traded at $41.56, with a volume of 1,168,832 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SHOO. Williams Trading set a $56.00 price target on shares of Steven Madden in a research report on Monday, August 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Steven Madden in a research report on Friday, July 17th. BMO Capital Markets initiated coverage on shares of Steven Madden in a report on Tuesday. They issued an "outperform" rating and a $60.00 price objective for the company. Piper Sandler set a $55.00 target price on Steven Madden and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Telsey Advisory Group lifted their price target on shares of Steven Madden from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.80.

Steven Madden Trading Down 4.4%

The company has a market cap of $3.04 billion, a PE ratio of 20.88 and a beta of 1.15. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $44.40 and its 200-day simple moving average is $40.70.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. The firm had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, analysts expect that Steven Madden, Ltd. will post 2.15 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 11th. Steven Madden's payout ratio is presently 42.21%.

Insiders Place Their Bets

In other news, Director Al Ferrara sold 3,918 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the sale, the director directly owned 26,197 shares in the company, valued at approximately $1,264,267.22. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mitchell S. Klipper sold 3,918 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total transaction of $190,179.72. Following the completion of the transaction, the director owned 32,555 shares in the company, valued at $1,580,219.70. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,086 shares of company stock valued at $440,212 over the last quarter. Insiders own 2.21% of the company's stock.

Institutional Trading of Steven Madden

Several hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC bought a new stake in shares of Steven Madden in the 4th quarter worth approximately $4,201,000. Nicholas Investment Partners LP acquired a new stake in shares of Steven Madden in the 4th quarter valued at $17,575,000. Louisiana State Employees Retirement System acquired a new position in Steven Madden in the first quarter valued at about $1,092,000. Janus Henderson Group PLC boosted its holdings in shares of Steven Madden by 16.2% in the 1st quarter. Janus Henderson Group PLC now owns 515,113 shares of the textile maker's stock worth $17,473,000 after acquiring an additional 71,628 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in Steven Madden by 134.9% in the fourth quarter. Legato Capital Management LLC now owns 142,647 shares of the textile maker's stock worth $5,940,000 after purchasing an additional 81,922 shares in the last quarter. Institutional investors own 99.88% of the company's stock.

About Steven Madden

Steven Madden, Inc NASDAQ: SHOO is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company's product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.

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