Steven Madden (NASDAQ:SHOO) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Steven Madden (NASDAQ:SHOO) in a research report released on Friday, Benzinga reports. The brokerage currently has a $44.00 price target on the textile maker’s stock. Telsey Advisory Group also issued estimates for Steven Madden’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $0.65 EPS.

A number of other analysts also recently issued reports on SHOO. Citigroup raised their price target on shares of Steven Madden from $41.00 to $43.00 and gave the stock a neutral rating in a report on Thursday, February 29th. Piper Sandler assumed coverage on Steven Madden in a research report on Wednesday, February 14th. They issued a neutral rating and a $45.00 target price on the stock. Williams Trading reiterated a hold rating and set a $44.00 price target on shares of Steven Madden in a report on Wednesday, February 21st. Jefferies Financial Group restated a hold rating and issued a $40.00 price objective on shares of Steven Madden in a report on Thursday, January 4th. Finally, Wedbush increased their target price on shares of Steven Madden from $36.00 to $38.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $41.38.

Steven Madden Price Performance

SHOO stock opened at $40.99 on Friday. Steven Madden has a 1 year low of $29.92 and a 1 year high of $45.63. The firm has a market capitalization of $3.01 billion, a PE ratio of 17.82 and a beta of 1.16. The business has a 50 day simple moving average of $41.36 and a 200-day simple moving average of $39.90.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, February 28th. The textile maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $519.71 million during the quarter, compared to the consensus estimate of $511.96 million. Steven Madden had a return on equity of 21.61% and a net margin of 8.67%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. On average, equities research analysts expect that Steven Madden will post 2.61 EPS for the current year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, March 7th. Steven Madden’s dividend payout ratio (DPR) is currently 36.52%.

Insiders Place Their Bets

In other Steven Madden news, CEO Edward R. Rosenfeld sold 48,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $41.49, for a total value of $2,012,265.00. Following the completion of the transaction, the chief executive officer now owns 697,038 shares in the company, valued at $28,920,106.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Edward R. Rosenfeld sold 48,500 shares of Steven Madden stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $41.49, for a total value of $2,012,265.00. Following the completion of the transaction, the chief executive officer now owns 697,038 shares in the company, valued at approximately $28,920,106.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa Keith sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $41.73, for a total transaction of $100,152.00. Following the sale, the executive vice president now owns 20,687 shares in the company, valued at $863,268.51. The disclosure for this sale can be found here. Insiders have sold a total of 59,346 shares of company stock worth $2,464,841 in the last ninety days. 2.08% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Steven Madden in the 4th quarter valued at about $32,000. International Assets Investment Management LLC increased its stake in Steven Madden by 4,100.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker’s stock valued at $69,000 after purchasing an additional 1,599 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Steven Madden during the fourth quarter worth approximately $207,000. Covestor Ltd lifted its position in shares of Steven Madden by 32.9% during the 3rd quarter. Covestor Ltd now owns 5,320 shares of the textile maker’s stock worth $169,000 after buying an additional 1,316 shares during the last quarter. Finally, Steele Capital Management Inc. acquired a new position in shares of Steven Madden in the 4th quarter valued at $237,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Company Profile

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.