Steven Madden (NASDAQ:SHOO) Reaches New 12-Month High – Here’s Why

Steven Madden, Ltd. (NASDAQ:SHOO) shares hit a new 52-week high on Tuesday . The company traded as high as $46.88 and last traded at $45.48, with a volume of 189691 shares trading hands. The stock had previously closed at $45.66.

Analyst Ratings Changes

SHOO has been the topic of a number of research analyst reports. BTIG Research reiterated a “buy” rating and issued a $50.00 target price (up previously from $43.00) on shares of Steven Madden in a report on Thursday, December 4th. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup reissued a “buy” rating and set a $41.00 target price (up previously from $32.00) on shares of Steven Madden in a research report on Friday, October 17th. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.57.

Steven Madden Stock Down 6.3%

The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 53.99 and a beta of 1.11. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $43.73 and a two-hundred day moving average price of $35.91.

Steven Madden (NASDAQ:SHOO) last issued 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). The company had revenue of $667.88 million during the quarter, compared to the consensus estimate of $697.89 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, sell-side analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, December 15th. Steven Madden’s dividend payout ratio is presently 106.33%.

Hedge Funds Weigh In On Steven Madden

Large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Steven Madden during the 4th quarter valued at $225,000. M&T Bank Corp acquired a new stake in Steven Madden in the 4th quarter valued at about $270,000. Pictet Asset Management Holding SA boosted its position in shares of Steven Madden by 12.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,762 shares of the textile maker’s stock valued at $490,000 after purchasing an additional 1,259 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of Steven Madden in the 4th quarter worth approximately $3,348,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Steven Madden by 172.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 154,707 shares of the textile maker’s stock worth $6,443,000 after buying an additional 97,975 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

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.