Steven Madden (NASDAQ:SHOO) Reaches New 1-Year High – Here’s What Happened

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

Analyst Ratings Changes

SHOO has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating and issued a $41.00 price objective (up from $32.00) on shares of Steven Madden in a research report on Friday, October 17th. Piper Sandler upped their price target on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. BTIG Research reiterated a “buy” rating and issued a $50.00 price objective (up from $43.00) on shares of Steven Madden in a report on Thursday, December 4th. Finally, Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Steven Madden has an average rating of “Moderate Buy” and a consensus target price of $45.57.

Steven Madden Stock Performance

The company has a market cap of $3.27 billion, a P/E ratio of 57.03 and a beta of 1.11. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $41.32 and a two-hundred day simple moving average of $33.53.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The business had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. During the same period in the previous year, the company earned $0.91 EPS. Steven Madden’s revenue for the quarter was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were given a $0.21 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.84 annualized dividend and a yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is presently 106.33%.

Institutional Investors Weigh In On Steven Madden

A number of hedge funds have recently modified their holdings of the business. Creative Planning raised its stake in Steven Madden by 463.4% during the 2nd quarter. Creative Planning now owns 89,156 shares of the textile maker’s stock valued at $2,138,000 after purchasing an additional 73,331 shares during the period. CX Institutional boosted its stake in Steven Madden by 912.7% in the 3rd quarter. CX Institutional now owns 324,218 shares of the textile maker’s stock worth $10,855,000 after purchasing an additional 292,204 shares during the period. State of Alaska Department of Revenue grew its holdings in Steven Madden by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 43,248 shares of the textile maker’s stock valued at $1,036,000 after buying an additional 3,247 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Steven Madden by 15.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,679,538 shares of the textile maker’s stock valued at $42,324,000 after buying an additional 224,157 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Steven Madden during the second quarter valued at approximately $389,000. Institutional investors own 99.88% of the company’s stock.

About Steven Madden

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.