Steven Madden (NASDAQ:SHOO) Stock Rating Upgraded by Wall Street Zen

Steven Madden (NASDAQ:SHOO) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

SHOO has been the topic of a number of other research reports. Jefferies Financial Group lowered Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price on the stock. in a research report on Thursday, February 5th. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research report on Thursday, April 30th. Needham & Company LLC lifted their target price on Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Williams Trading set a $48.00 price target on Steven Madden in a research note on Tuesday, March 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Steven Madden currently has a consensus rating of “Hold” and a consensus target price of $43.88.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $40.61 on Friday. The business’s 50 day simple moving average is $35.76 and its 200 day simple moving average is $38.99. Steven Madden has a 52-week low of $22.26 and a 52-week high of $46.88. The firm has a market cap of $2.97 billion, a PE ratio of 38.68 and a beta of 1.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.23.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The business had revenue of $653.10 million for the quarter, compared to analyst estimates of $646.64 million. During the same quarter last year, the firm earned $0.60 EPS. Steven Madden’s revenue for the quarter was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, analysts predict that Steven Madden will post 2.1 earnings per share for the current fiscal year.

Insider Activity at Steven Madden

In other news, Director Arian Simone Reed sold 3,600 shares of Steven Madden stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $33.44, for a total transaction of $120,384.00. Following the completion of the transaction, the director directly owned 8,705 shares in the company, valued at approximately $291,095.20. The trade was a 29.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SHOO. EverSource Wealth Advisors LLC boosted its stake in shares of Steven Madden by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after acquiring an additional 485 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Steven Madden during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of Steven Madden during the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC boosted its stake in shares of Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after acquiring an additional 745 shares during the period. Finally, First Horizon Corp boosted its stake in shares of Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after acquiring an additional 317 shares during the period. 99.88% of the stock is currently owned by institutional investors.

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.