Brokerages Set Steven Madden, Ltd. (NASDAQ:SHOO) Price Target at $45.12

Steven Madden, Ltd. (NASDAQ:SHOO) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $49.1250.

SHOO has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Citigroup reaffirmed a “buy” rating and set a $55.00 price objective (up from $45.00) on shares of Steven Madden in a report on Friday. Williams Trading set a $56.00 target price on shares of Steven Madden in a research note on Monday. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, UBS Group restated a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Steven Madden in a research note on Friday.

Steven Madden Stock Performance

NASDAQ SHOO opened at $48.86 on Friday. The company’s fifty day moving average is $43.36 and its two-hundred day moving average is $39.96. Steven Madden has a 52-week low of $24.50 and a 52-week high of $49.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 24.55 and a beta of 1.14.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The company had revenue of $665.87 million during the quarter, compared to the consensus estimate of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities research analysts forecast that Steven Madden will post 2.14 EPS for the current year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Steven Madden’s dividend payout ratio is currently 42.21%.

Insider Transactions at Steven Madden

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the transaction, the insider directly owned 35,200 shares in the company, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arian Simone Reed sold 648 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the sale, the director directly owned 8,057 shares of the company’s stock, valued at approximately $322,038.29. The trade was a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 10,188 shares of company stock valued at $466,075. 2.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently bought and sold shares of SHOO. Kingsview Wealth Management LLC bought a new position in shares of Steven Madden in the fourth quarter worth about $4,201,000. Nicholas Investment Partners LP bought a new position in Steven Madden in the 4th quarter worth approximately $17,575,000. Legato Capital Management LLC lifted its holdings in Steven Madden by 134.9% during the 4th quarter. Legato Capital Management LLC now owns 142,647 shares of the textile maker’s stock worth $5,940,000 after buying an additional 81,922 shares in the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of Steven Madden during the fourth quarter worth $3,348,000. Finally, Louisiana State Employees Retirement System bought a new stake in Steven Madden during the 1st quarter worth about $1,092,000. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Company Profile

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.