Analysts Set Steven Madden, Ltd. (NASDAQ:SHOO) PT at $43.88

Steven Madden, Ltd. (NASDAQ:SHOO) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.8750.

Several research analysts have recently weighed in on SHOO shares. UBS Group restated a “neutral” rating and issued a $40.00 target price (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, April 30th. Needham & Company LLC upped their target price on shares of Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Thursday, February 26th.

Insider Transactions at Steven Madden

In related news, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total value of $25,900.56. Following the sale, the director directly owned 8,057 shares of the company’s stock, valued at $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Steven Madden by 2.5% in the third quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock valued at $277,342,000 after acquiring an additional 200,013 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Steven Madden by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after purchasing an additional 528,829 shares during the period. Invesco Ltd. raised its holdings in shares of Steven Madden by 15.2% during the fourth quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after purchasing an additional 367,459 shares during the period. Capital Research Global Investors raised its holdings in shares of Steven Madden by 14.0% during the third quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock worth $91,077,000 after purchasing an additional 334,058 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Steven Madden by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after purchasing an additional 41,947 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Price Performance

Shares of SHOO stock opened at $41.35 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of 39.38 and a beta of 1.12. The firm has a fifty day simple moving average of $36.57 and a 200-day simple moving average of $39.31. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. Steven Madden has a twelve month low of $22.26 and a twelve month high of $46.88.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The business had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Equities research analysts anticipate that Steven Madden will post 2.1 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.84 annualized dividend and a yield of 2.0%. Steven Madden’s dividend payout ratio is currently 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.