Traders Buy High Volume of Steven Madden Call Options (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO) was the target of some unusual options trading activity on Tuesday. Investors acquired 7,545 call options on the stock. This is an increase of approximately 286% compared to the typical volume of 1,954 call options.

Analyst Ratings Changes

A number of equities analysts have issued reports on SHOO shares. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Telsey Advisory Group restated an “outperform” rating and set a $45.00 price target on shares of Steven Madden in a report on Wednesday, November 12th. Piper Sandler upped their price target on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Citigroup reissued a “buy” rating and set a $41.00 target price (up from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Finally, UBS Group raised their price target on Steven Madden from $26.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Steven Madden presently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds have recently added to or reduced their stakes in SHOO. EverSource Wealth Advisors LLC boosted its stake in Steven Madden by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Steven Madden during the third quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Steven Madden by 328.8% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 1,657 shares in the last quarter. Signaturefd LLC boosted its position in shares of Steven Madden by 475.5% during the second quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock valued at $60,000 after buying an additional 2,059 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Steven Madden by 616.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker’s stock worth $72,000 after buying an additional 1,838 shares in the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Steven Madden Stock Up 5.8%

Shares of NASDAQ:SHOO opened at $44.11 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $36.48 and a two-hundred day simple moving average of $30.07. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.35. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 55.84 and a beta of 1.13.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The firm had revenue of $667.88 million during the quarter, compared to the consensus estimate of $697.89 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, research analysts anticipate that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Steven Madden’s dividend payout ratio is presently 106.33%.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.