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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $49.75.

Several equities analysts recently issued reports on SHOO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Williams Trading set a $56.00 target price on shares of Steven Madden in a research note on Monday, August 3rd. Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Steven Madden from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, BTIG Research restated a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a research note on Monday, July 27th.

Insider Buying and Selling at Steven Madden

In other Steven Madden 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 value 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christina Ciglar sold 5,147 shares of Steven Madden stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the transaction, the insider owned 35,200 shares in the company, valued at $1,574,848. This represents a 12.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,708 shares of company stock valued at $691,304. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in shares of Steven Madden by 3,989.2% in the second quarter. California State Teachers Retirement System now owns 3,481,039 shares of the textile maker’s stock worth $146,552,000 after buying an additional 3,395,911 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Steven Madden during the 2nd quarter valued at approximately $312,000. Nykredit A S purchased a new stake in Steven Madden in the 2nd quarter worth approximately $128,000. Headlands Technologies LLC bought a new stake in Steven Madden during the 2nd quarter worth approximately $469,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Steven Madden during the 2nd quarter worth approximately $95,000. Institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

Shares of NASDAQ SHOO opened at $43.18 on Tuesday. The company has a 50 day simple moving average of $44.28 and a two-hundred day simple moving average of $40.50. Steven Madden has a fifty-two week low of $28.55 and a fifty-two week high of $49.70. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 21.70 and a beta of 1.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The business had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly 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. Analysts expect that Steven Madden will post 2.15 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 11th. Steven Madden’s dividend payout ratio is 42.21%.

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.