Steven Madden (NASDAQ:SHOO) Hits New 12-Month High – Here’s Why

Steven Madden, Ltd. (NASDAQ:SHOO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $49.15 and last traded at $48.86, with a volume of 1772108 shares trading hands. The stock had previously closed at $47.68.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Williams Trading set a $56.00 price objective on Steven Madden in a research note on Monday. Wall Street Zen raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. BTIG Research reiterated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Monday, July 27th. Telsey Advisory Group increased their price target on Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.12.

Steven Madden Price Performance

The firm’s 50-day moving average price is $43.36 and its two-hundred day moving average price is $39.96. The stock has a market cap of $3.58 billion, a PE ratio of 24.55 and a beta of 1.14. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13.

Steven Madden (NASDAQ:SHOO) last released 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. The firm had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the firm 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, Ltd. will post 2.14 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

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

Insider Activity

In other news, 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 value of $230,276.78. Following the transaction, the insider directly owned 35,200 shares in the company, valued at approximately $1,574,848. This trade represents a 12.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 10,188 shares of company stock worth $466,075. 2.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Steven Madden

A number of large investors have recently added to or reduced their stakes in SHOO. GAMMA Investing LLC lifted its position in shares of Steven Madden by 2.6% during the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock valued at $420,000 after buying an additional 257 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Steven Madden by 13.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after acquiring an additional 283 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Steven Madden by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock worth $693,000 after acquiring an additional 300 shares in the last quarter. First Horizon Corp lifted its position in Steven Madden by 55.1% during the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Steven Madden by 2.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock valued at $572,000 after acquiring an additional 321 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

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.