Steven Madden (NASDAQ:SHOO) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Steven Madden shares crossed above their 200-day moving average, reaching $45.23 and last trading at $44.90 versus the $41.32 average.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $51.80, although some firms recently downgraded their ratings.
• The company exceeded quarterly expectations, reporting $0.44 in EPS versus $0.33 expected and $665.87 million in revenue; it also declared a $0.21 quarterly dividend, while insiders sold shares worth about $440,000 over the past 90 days.

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $41.32 and traded as high as $45.23. Steven Madden shares last traded at $44.90, with a volume of 1,128,205 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Steven Madden from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Citigroup reiterated a "buy" rating and issued a $55.00 target price (up from $45.00) on shares of Steven Madden in a report on Friday, July 31st. UBS Group reissued a "neutral" rating and issued a $45.00 target price (up from $40.00) on shares of Steven Madden in a research report on Friday, July 31st. Wall Street Zen cut Steven Madden from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th. Finally, Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.80.

Steven Madden Trading Down 0.4%

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 company has a market cap of $3.29 billion, a PE ratio of 22.56 and a beta of 1.15. The company has a fifty day simple moving average of $44.73 and a two-hundred day simple moving average of $41.32.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. The business had revenue of $665.87 million during the quarter, compared to analysts' expectations 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 last year, the business posted $0.20 EPS. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Analysts anticipate that Steven Madden, Ltd. will post 2.15 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were paid a $0.21 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden's payout ratio is currently 42.21%.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Steven Madden by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker's stock valued at $79,819,000 after purchasing an additional 99,066 shares in the last quarter. Neumeier Poma Investment Counsel LLC purchased a new stake in Steven Madden during the second quarter worth about $49,890,563. Nixon Capital LLC boosted its holdings in Steven Madden by 0.3% during the fourth quarter. Nixon Capital LLC now owns 707,499 shares of the textile maker's stock worth $29,460,000 after buying an additional 1,849 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Steven Madden during the second quarter worth about $25,618,000. Finally, Bank of America Corp DE grew its position in Steven Madden by 4.9% during the first quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker's stock worth $25,495,000 after buying an additional 35,259 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

About Steven Madden

Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.

The company's portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.

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