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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 The company has withdrawn its 2025 financial guidance due to uncertainties related to new U.S. tariffs.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.
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