Steven Madden, Ltd. (NASDAQ:SHOO) Receives Average Rating of “Hold” from Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $45.1250.

A number of research firms have weighed in on SHOO. BTIG Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Thursday, June 4th. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Needham & Company LLC boosted their price objective on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Zacks Research raised shares of Steven Madden from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Williams Trading set a $48.00 price target on Steven Madden in a research note on Tuesday, March 10th.

Steven Madden Price Performance

Shares of NASDAQ SHOO opened at $39.92 on Monday. The firm has a market cap of $2.92 billion, a PE ratio of 38.02 and a beta of 1.15. The company’s fifty day simple moving average is $41.60 and its 200 day simple moving average is $39.99. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. Steven Madden has a 12-month low of $22.26 and a 12-month high of $47.10.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The company had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. During the same period last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, sell-side analysts forecast that Steven Madden will post 2.09 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 8th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 8th. Steven Madden’s dividend payout ratio (DPR) is presently 80.00%.

Insider Activity

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of Steven Madden stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the completion of the transaction, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total transaction of $25,900.56. Following the transaction, the director directly owned 8,057 shares of the company’s stock, valued at approximately $322,038.29. This represents a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 6,270 shares of company stock valued at $276,992. 2.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Steven Madden

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in Steven Madden by 13.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 283 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Steven Madden by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock worth $693,000 after purchasing an additional 300 shares during the period. First Horizon Corp increased its holdings in shares of Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after buying an additional 317 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Steven Madden by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock valued at $572,000 after acquiring an additional 321 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Steven Madden by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after acquiring an additional 378 shares during the period. 99.88% of the stock is currently owned by institutional investors.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.