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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $46.33.

Several brokerages recently commented on SHOO. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research note on Thursday, December 5th. Citigroup raised their price target on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $50.00 price objective on shares of Steven Madden in a research report on Wednesday, November 13th. Finally, StockNews.com lowered Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Steven Madden Stock Performance

Shares of SHOO opened at $41.05 on Monday. The stock has a market capitalization of $2.96 billion, a PE ratio of 17.47 and a beta of 1.08. Steven Madden has a 1 year low of $37.99 and a 1 year high of $50.01. The company’s 50-day simple moving average is $42.72 and its 200-day simple moving average is $44.30.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $624.68 million during the quarter, compared to analysts’ expectations of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. On average, sell-side analysts predict that Steven Madden will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.21 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.05%. Steven Madden’s dividend payout ratio (DPR) is 35.74%.

Institutional Investors Weigh In On Steven Madden

Hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new stake in Steven Madden in the third quarter valued at approximately $36,000. R Squared Ltd purchased a new position in Steven Madden in the fourth quarter valued at about $55,000. Exchange Traded Concepts LLC acquired a new position in Steven Madden during the 3rd quarter worth approximately $59,000. GAMMA Investing LLC lifted its position in shares of Steven Madden by 80.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock worth $65,000 after purchasing an additional 593 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Steven Madden by 94.1% in the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock valued at $79,000 after buying an additional 785 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.