Steven Madden, Ltd. (NASDAQ:SHOO) Given Consensus Rating of “Hold” by Analysts

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.8750.

Several equities research analysts have issued reports on SHOO shares. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. Needham & Company LLC lifted their price target on Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Williams Trading set a $48.00 price target on Steven Madden in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Finally, BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, June 4th.

Insider Transactions at Steven Madden

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

Institutional Investors Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Scopus Asset Management L.P. purchased a new position in Steven Madden during the 3rd quarter valued at about $36,451,000. Boston Partners purchased a new position in Steven Madden during the 3rd quarter valued at about $33,319,000. Invesco Ltd. increased its holdings in Steven Madden by 50.5% during the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after purchasing an additional 814,318 shares during the period. Neumeier Poma Investment Counsel LLC increased its holdings in Steven Madden by 155.9% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after purchasing an additional 581,745 shares during the period. Finally, Millennium Management LLC increased its holdings in Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after purchasing an additional 568,477 shares during the period. Institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

NASDAQ:SHOO opened at $44.23 on Thursday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 42.12 and a beta of 1.15. Steven Madden has a 52-week low of $22.26 and a 52-week high of $46.88. The stock has a fifty day moving average of $39.57 and a 200 day moving average of $39.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.23.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm had revenue of $653.10 million for the quarter, compared to analyst estimates of $646.64 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’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. On average, research analysts expect that Steven Madden will post 2.09 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Monday, June 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s payout ratio is 80.00%.

Steven Madden Company Profile

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.