Steven Madden, Ltd. (NASDAQ:SHOO) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $51.80.

Several research firms have recently issued reports on SHOO. BMO Capital Markets started coverage on Steven Madden in a research report on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 price target for the company. Piper Sandler set a $55.00 price objective on shares of Steven Madden and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Capital One Financial set a $60.00 price objective on shares of Steven Madden in a research note on Tuesday, September 8th. Williams Trading set a $56.00 target price on shares of Steven Madden in a report on Monday, August 3rd. Finally, Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th.

Steven Madden Stock Performance

Steven Madden stock opened at $45.06 on Friday. Steven Madden has a twelve month low of $31.33 and a twelve month high of $49.70. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.30 billion, a P/E ratio of 22.64 and a beta of 1.15. The stock’s 50 day moving average is $44.70 and its 200 day moving average is $41.19.

Steven Madden (NASDAQ:SHOO) last announced 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. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The business had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, equities research analysts predict that Steven Madden will post 2.15 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, September 11th. Steven Madden’s payout ratio is presently 42.21%.

Insider Activity at Steven Madden

In related news, Director Mitchell S. Klipper sold 3,918 shares of Steven Madden stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the completion of the sale, the director directly owned 32,555 shares in the company, valued at approximately $1,580,219.70. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the transaction, the director directly owned 26,197 shares of the company’s stock, valued at approximately $1,264,267.22. This trade represents a 13.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,086 shares of company stock valued at $440,212. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

A number of institutional investors have recently made changes to their positions in SHOO. Neumeier Poma Investment Counsel LLC purchased a new position in Steven Madden in the second quarter worth about $49,890,563. Bank of New York Mellon Corp purchased a new stake in shares of Steven Madden during the 2nd quarter valued at about $25,618,000. Nicholas Investment Partners LP bought a new position in shares of Steven Madden in the 4th quarter worth approximately $17,575,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Steven Madden by 58.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 708,053 shares of the textile maker’s stock worth $24,017,000 after purchasing an additional 262,000 shares during the period. Finally, Governors Lane LP purchased a new position in shares of Steven Madden in the fourth quarter worth approximately $5,763,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

About Steven Madden

Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.

The company’s portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.