Wall Street Zen Upgrades Steven Madden (NASDAQ:SHOO) to “Strong-Buy”

Steven Madden (NASDAQ:SHOO) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on SHOO. Capital One Financial set a $60.00 price objective on Steven Madden in a research note on Tuesday, September 8th. BMO Capital Markets began coverage on shares of Steven Madden in a report on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 target price for the company. Telsey Advisory Group raised their target price on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. BTIG Research restated a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research note on Monday, July 27th. Finally, Williams Trading set a $56.00 price target on shares of Steven Madden in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.80.

Steven Madden Price Performance

NASDAQ SHOO opened at $45.27 on Friday. The company has a market capitalization of $3.31 billion, a PE ratio of 22.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The business’s fifty day moving average is $44.59 and its 200 day moving average is $42.52. Steven Madden has a fifty-two week low of $31.33 and a fifty-two week high of $49.70.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. The business had revenue of $665.87 million during the quarter, compared to analyst estimates of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. Steven Madden’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Sell-side analysts predict that Steven Madden will post 2.15 earnings per share for the current year.

Insider Buying and Selling at Steven Madden

In other news, Director Al Ferrara sold 3,918 shares of the company’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 owned 26,197 shares of the company’s stock, valued at $1,264,267.22. This represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arian Reed sold 1,250 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the completion of the transaction, the director directly owned 8,196 shares of the company’s stock, valued at approximately $399,636.96. This trade represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,086 shares of company stock valued at $440,212 over the last ninety days. 2.21% of the stock is currently owned by company insiders.

Institutional Trading of Steven Madden

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Steven Madden by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock worth $79,819,000 after purchasing an additional 99,066 shares in the last quarter. Neumeier Poma Investment Counsel LLC purchased a new stake in Steven Madden during the 2nd quarter valued at approximately $49,890,563. Bank of America Corp DE grew its holdings in Steven Madden by 4.9% during the 1st quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock valued at $25,495,000 after buying an additional 35,259 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Steven Madden by 58.7% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 708,053 shares of the textile maker’s stock valued at $24,017,000 after buying an additional 262,000 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Steven Madden during the 2nd quarter valued at approximately $25,618,000. Institutional investors own 99.88% of the company’s stock.

About Steven Madden

Steven Madden, Ltd. is a footwear and fashion accessories company that designs, sources and markets products under a portfolio of proprietary and licensed brands. Its offerings include women’s, men’s and children’s footwear, handbags, accessories, apparel and related lifestyle products. The company’s best-known brand is Steve Madden, complemented by brands such as Dolce Vita, Betsey Johnson, Freebird and Mad Love.

The company sells its products through multiple channels, including department stores, specialty retailers, mass-market merchants, company-operated retail locations and e-commerce platforms.