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

Steven Madden, Ltd. (NASDAQ:SHOO) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.8750.

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 8th. BTIG Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Thursday, April 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Thursday, February 26th. Williams Trading set a $48.00 price objective on Steven Madden in a research note on Tuesday, March 10th. Finally, Needham & Company LLC lifted their price objective on Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, May 4th.

Steven Madden Trading Up 1.4%

Shares of NASDAQ SHOO opened at $41.93 on Friday. Steven Madden has a twelve month low of $22.26 and a twelve month high of $46.88. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $39.33. The stock has a market capitalization of $3.06 billion, a PE ratio of 39.93 and a beta of 1.12.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share 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 during the quarter, compared to analysts’ expectations of $646.64 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, equities analysts forecast that Steven Madden will post 2.09 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be issued a $0.21 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Steven Madden’s dividend payout ratio (DPR) is 80.00%.

Insider Transactions at Steven Madden

In related news, Director Arian Simone Reed sold 3,600 shares of Steven Madden stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $33.44, for a total value 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. This trade represents a 29.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHOO. AQR Capital Management LLC purchased a new position in Steven Madden in the first quarter valued at $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Steven Madden by 3.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock valued at $1,143,000 after purchasing an additional 1,437 shares during the period. Millennium Management LLC boosted its holdings in Steven Madden by 1,170.4% in the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after purchasing an additional 568,477 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Steven Madden by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock valued at $5,388,000 after purchasing an additional 10,603 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Steven Madden by 273.1% in the first quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after purchasing an additional 115,284 shares during the period. 99.88% of the stock is currently owned by hedge funds and other 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.