Steven Madden, Ltd. (NASDAQ:SHOO) Stock Has Consensus Target Price of $51.80

Steven Madden, Ltd. (NASDAQ:SHOO) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $51.80.

A number of analysts have weighed in on SHOO shares. Zacks Research downgraded shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Piper Sandler set a $55.00 price objective on shares of Steven Madden and gave the stock an “overweight” rating in a report on Wednesday, August 5th. BMO Capital Markets initiated coverage on shares of Steven Madden in a report on Tuesday, September 8th. They set an “outperform” rating and a $60.00 price objective on the stock. Citigroup reaffirmed a “buy” rating and set a $55.00 price objective (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Finally, Capital One Financial set a $60.00 target price on shares of Steven Madden in a research note on Tuesday, September 8th.

Steven Madden Stock Performance

Shares of NASDAQ SHOO opened at $45.06 on Wednesday. Steven Madden has a 12 month low of $31.33 and a 12 month high of $49.70. The company has a market cap of $3.30 billion, a P/E ratio of 22.64 and a beta of 1.17. The business’s 50 day moving average is $44.44 and its two-hundred day moving average is $42.67. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. The company had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. Steven Madden’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, equities analysts expect that Steven Madden will post 2.15 EPS for the current year.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, September 11th. Steven Madden’s payout ratio is currently 42.21%.

Insider Buying and Selling at Steven Madden

In other Steven Madden news, Director Mitchell S. Klipper sold 3,918 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the completion of the sale, the director owned 32,555 shares in the company, valued at approximately $1,580,219.70. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arian Reed sold 1,250 shares of Steven Madden stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the sale, the director directly owned 8,196 shares in the company, valued at $399,636.96. The trade was a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,086 shares of company stock valued at $440,212 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Steven Madden

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in Steven Madden by 58.3% during the third quarter. Nisa Investment Advisors LLC now owns 9,444 shares of the textile maker’s stock valued at $423,000 after purchasing an additional 3,477 shares in the last quarter. Abel Hall LLC grew its stake in shares of Steven Madden by 9.2% in the 3rd quarter. Abel Hall LLC now owns 6,320 shares of the textile maker’s stock valued at $283,000 after purchasing an additional 533 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Steven Madden by 13.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock worth $28,903,000 after buying an additional 77,108 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Steven Madden by 6.6% in the 3rd quarter. GAMMA Investing LLC now owns 10,639 shares of the textile maker’s stock worth $476,000 after buying an additional 655 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of Steven Madden in the 3rd quarter worth approximately $336,000. 99.88% of the stock is currently owned by institutional investors.

About Steven Madden

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.