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

Wall Street Zen upgraded shares of Steven Madden (NASDAQ:SHOO) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other research analysts have also commented on the stock. Needham & Company LLC upped their price objective on shares of Steven Madden from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group downgraded 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. Telsey Advisory Group reissued an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Thursday, February 26th. BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research report on Thursday, April 30th. Finally, Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Steven Madden presently has a consensus rating of “Hold” and a consensus target price of $43.88.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $40.61 on Friday. The business has a 50 day moving average price of $35.76 and a 200 day moving average price of $38.99. Steven Madden has a twelve month low of $22.26 and a twelve month high of $46.88. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 38.68 and a beta of 1.12. The company has a quick ratio of 1.11, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The firm had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’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. Research analysts predict that Steven Madden will post 2.1 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, June 8th. Steven Madden’s payout ratio is presently 80.00%.

Insiders Place Their Bets

In other Steven Madden 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 sale, the director directly owned 8,705 shares of the company’s stock, valued at approximately $291,095.20. The trade was a 29.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Steven Madden

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Steven Madden by 2.5% during the third quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker’s stock valued at $277,342,000 after purchasing an additional 200,013 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Steven Madden by 18.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after acquiring an additional 528,829 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Steven Madden by 15.2% in the 4th quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after acquiring an additional 367,459 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Steven Madden by 14.0% in the 3rd quarter. Capital Research Global Investors now owns 2,720,354 shares of the textile maker’s stock worth $91,077,000 after acquiring an additional 334,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Steven Madden by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after acquiring an additional 41,947 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

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.