Investment Analysts’ Recent Ratings Changes for Steven Madden (SHOO)

Several brokerages have updated their recommendations and price targets on shares of Steven Madden (NASDAQ: SHOO) in the last few weeks:

• 2/14/2025 – Steven Madden had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $44.00 price target on the stock.
• 2/13/2025 – Steven Madden had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/6/2025 – Steven Madden had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/4/2025 – Steven Madden had its price target lowered by analysts at Citigroup Inc. from $45.00 to $38.00. They now have a “neutral” rating on the stock.
• 2/4/2025 – Steven Madden had its price target lowered by analysts at Piper Sandler from $45.00 to $40.00. They now have a “neutral” rating on the stock.
• 2/4/2025 – Steven Madden had its price target lowered by analysts at Telsey Advisory Group from $50.00 to $44.00. They now have a “market perform” rating on the stock.
• 1/14/2025 – Steven Madden was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/6/2025 – Steven Madden was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/27/2024 – Steven Madden was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Steven Madden Trading Down 0.1 %

NASDAQ SHOO opened at $39.63 on Tuesday. The company’s 50-day moving average price is $41.21 and its 200-day moving average price is $43.85. The stock has a market cap of $2.86 billion, a PE ratio of 16.86 and a beta of 1.07. Steven Madden, Ltd. has a 12 month low of $36.40 and a 12 month high of $50.01.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden’s payout ratio is presently 35.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHOO. Pacer Advisors Inc. bought a new position in Steven Madden during the 4th quarter worth about $72,795,000. First Trust Advisors LP grew its holdings in Steven Madden by 36.9% during the 4th quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker’s stock worth $85,135,000 after acquiring an additional 539,738 shares in the last quarter. FMR LLC grew its holdings in Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after acquiring an additional 528,619 shares in the last quarter. Raymond James Financial Inc. bought a new position in Steven Madden during the 4th quarter worth about $13,652,000. Finally, Weiss Asset Management LP bought a new position in Steven Madden during the 3rd quarter worth about $12,558,000. 99.88% of the stock is currently owned by institutional investors.

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.