Steven Madden , Ltd. (NASDAQ:SHOO) Chief Financial Officer Zine Mazouzi has sold a total of 7,246 shares of the company's common stock, according to a recent SEC filing. The transactions, dated March 14, 2024, were executed at a weighted average price of $41.6555 per share, resulting in a total value of over $301,835.
The sale was made at varying prices ranging from $41.435 to $42.08. The exact number of shares sold at each price within this range is available upon request from the company, any of its security holders, or the SEC.
In a separate transaction on March 15, 2024, Mazouzi was granted 6,005 shares of restricted stock under the Steven Madden, Ltd. 2019 Incentive Compensation Plan. These shares will vest in substantially equal installments over five years, starting from March 15, 2025, through to March 15, 2029. The shares are subject to forfeiture under certain conditions until they are fully vested.
Following the sale, CFO Zine Mazouzi still holds 68,785 shares of Steven Madden, Ltd. stock, indicating continued investment in the company's future. The footwear manufacturer, known for its trendy designs and diverse product offerings, is headquartered in Long Island City, New York, and operates under the leadership of a management team that includes Mazouzi as its financial steward.
Investors and stakeholders in Steven Madden, Ltd. typically monitor these transactions as they can provide insights into executives' perspectives on the company's performance and outlook. The transactions are part of the routine disclosures required by company insiders, and the details provided in the SEC filings offer transparency into the trading activities of the company's top executives.
InvestingPro Insights
Steven Madden, Ltd. (NASDAQ:SHOO) has demonstrated a robust financial position with its latest metrics showing a market capitalization of approximately $3.08 billion. The company's P/E ratio, as of the last twelve months ending Q4 2023, stands at a reasonable 17.02, indicating a potentially favorable valuation compared to industry peers. Investors may find this particularly interesting as it suggests a balance between the company's earnings and its stock price.
In terms of profitability, Steven Madden has been successful over the past year, with a gross profit margin of 42.01% during the same period. This solid margin reflects the company's ability to maintain profitability despite market fluctuations. Additionally, the company's return on assets was 13.35%, showcasing efficient use of its assets to generate earnings.
InvestingPro Tips highlight that Steven Madden holds more cash than debt on its balance sheet, and its liquid assets exceed short-term obligations, suggesting the company is well-positioned to manage its financial obligations and invest in growth opportunities. This financial stability is crucial for investors, especially in volatile market conditions.
Investors looking for more in-depth analysis and additional InvestingPro Tips, such as the company's recent large price uptick over the last six months or analysts' predictions that the company will be profitable this year, can find them at: https://www.investing.com/pro/SHOO. There are a total of 6 additional InvestingPro Tips available, which can provide further insights into the company's performance and potential investment opportunities.
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