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

Steven Madden, Ltd. (NASDAQ:SHOO) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $49.75.

Several analysts have recently weighed in on SHOO shares. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Monday, July 27th. Zacks Research cut Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Piper Sandler set a $55.00 price target on Steven Madden and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Telsey Advisory Group lifted their price objective on Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, July 31st.

Insider Buying and Selling at Steven Madden

In other news, Director Al Ferrara sold 3,918 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total transaction of $189,082.68. Following the transaction, the director directly owned 26,197 shares in the company, valued at approximately $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell S. Klipper sold 3,918 shares of Steven Madden stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total transaction of $190,179.72. Following the transaction, the director directly owned 32,555 shares in the company, valued at approximately $1,580,219.70. The trade was a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,708 shares of company stock worth $691,304 over the last quarter. 2.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Steven Madden

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Steven Madden in the first quarter worth about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Steven Madden by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock valued at $1,143,000 after buying an additional 1,437 shares in the last quarter. Millennium Management LLC grew its position in shares of Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after buying an additional 568,477 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Steven Madden by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after buying an additional 10,603 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Steven Madden by 273.1% during the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock worth $4,196,000 after acquiring an additional 115,284 shares in the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Down 1.0%

Shares of SHOO opened at $44.24 on Tuesday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 22.23 and a beta of 1.14. Steven Madden has a 12-month low of $28.55 and a 12-month high of $49.70. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $44.27 and a 200-day moving average price of $40.43.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The company had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. During the same quarter last year, the firm posted $0.20 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities research analysts expect that Steven Madden will post 2.15 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is 42.21%.

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.