Steven Madden director Reed sells shares for $580

Published 14/05/2025, 01:24
Steven Madden director Reed sells shares for $580

Reed Arian Simone, a director at Steven Madden , Ltd. (NASDAQ:SHOO), recently sold shares of the company’s common stock. According to a recent SEC filing, Simone sold 25 shares at a price of $23.20 each, totaling $580. The stock has shown strong momentum recently, posting a 14% gain in the past week, though it remains significantly below its 52-week high of $50.01. Following this transaction, Simone’s direct ownership stands at 10,157 shares. The company, currently trading at 9.9x earnings and maintaining dividends for 8 consecutive years, appears undervalued according to InvestingPro analysis, which offers 10+ additional investment insights for this stock.

In other recent news, Steven Madden Limited reported its first-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $0.60, compared to the forecasted $0.46. However, the company’s consolidated revenue slightly missed the mark, coming in at $553.5 million versus the anticipated $556.3 million. The company has withdrawn its 2025 financial guidance due to uncertainties related to new U.S. tariffs. In a strategic move, Steven Madden announced plans to significantly reduce its U.S. imports from China, aiming to decrease the proportion of China-sourced inventory to mid-single digits by spring 2026. Analyst Sam Poser from Williams Trading upgraded Steven Madden’s stock rating from Sell to Hold, citing the suspension of additional tariffs on Chinese goods as a positive development. Meanwhile, Citi analyst Paul Lejuez raised the stock’s price target to $26, acknowledging the company’s stronger-than-expected margins but maintaining a Neutral rating due to anticipated challenges such as potential order cancellations and lower margins. The company’s recent acquisition of Kurt Geiger is expected to support its international expansion efforts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.