Steven Madden (NASDAQ:SHOO) Hits New 12-Month High – Still a Buy?

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) hit a new 52-week high on Thursday . The company traded as high as $45.30 and last traded at $44.9450, with a volume of 277150 shares. The stock had previously closed at $44.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and issued a $41.00 price target (up previously from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Piper Sandler boosted their price objective on shares of Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. UBS Group reissued a “neutral” rating and issued a $43.00 target price on shares of Steven Madden in a research report on Tuesday, December 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Steven Madden presently has a consensus rating of “Moderate Buy” and an average price target of $45.57.

Steven Madden Price Performance

The firm has a 50-day simple moving average of $40.87 and a two-hundred day simple moving average of $33.30. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 57.16 and a beta of 1.11. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, November 5th. The textile maker reported $0.43 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. Steven Madden’s payout ratio is 106.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scopus Asset Management L.P. purchased a new stake in shares of Steven Madden during the 3rd quarter worth about $36,451,000. Boston Partners acquired a new position in Steven Madden in the 3rd quarter worth about $33,319,000. Invesco Ltd. boosted its position in Steven Madden by 50.5% during the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after purchasing an additional 814,318 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its holdings in Steven Madden by 155.9% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after purchasing an additional 581,745 shares during the period. Finally, Millennium Management LLC increased its position in shares of Steven Madden by 1,170.4% in the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after buying an additional 568,477 shares in the last quarter. Hedge funds and other institutional investors 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.