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

Steven Madden, Ltd. (NASDAQ:SHOO) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $43.4286.

Several research firms have recently commented on SHOO. BTIG Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research report on Thursday, February 26th. Zacks Research downgraded shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Jefferies Financial Group lowered shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price objective for the company. in a report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating on shares of Steven Madden in a research report on Monday, February 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a report on Thursday, February 26th.

Hedge Funds Weigh In On Steven Madden

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MidFirst Bank bought a new stake in shares of Steven Madden during the 4th quarter valued at $217,000. Invesco Ltd. lifted its position in Steven Madden by 15.2% during the 4th quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock valued at $115,965,000 after acquiring an additional 367,459 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Steven Madden during the fourth quarter worth about $214,000. Summit Global Investments bought a new stake in Steven Madden during the fourth quarter worth about $212,000. Finally, EP Wealth Advisors LLC purchased a new stake in Steven Madden in the fourth quarter worth about $390,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $33.88 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.47 billion, a PE ratio of 54.65 and a beta of 1.13. The business has a 50 day moving average of $41.03 and a 200 day moving average of $37.76. Steven Madden has a 52 week low of $19.05 and a 52 week high of $46.88.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, February 25th. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $753.70 million for the quarter, compared to analysts’ expectations of $758.53 million. Steven Madden had a net margin of 1.76% and a return on equity of 13.60%. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, equities research analysts forecast that Steven Madden will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Wednesday, March 11th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.5%. Steven Madden’s payout ratio is currently 135.48%.

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.