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

Steven Madden, Ltd. (NASDAQ:SHOO) has earned an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.1250.

Several research analysts have recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Tuesday, April 21st. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, June 4th. Williams Trading set a $48.00 price target on shares of Steven Madden in a research note on Tuesday, March 10th. Finally, UBS Group reiterated a “neutral” rating and set a $40.00 price target (up from $38.00) on shares of Steven Madden in a research note on Monday, April 27th.

Steven Madden Trading Down 1.6%

NASDAQ:SHOO opened at $45.42 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. Steven Madden has a 12 month low of $22.26 and a 12 month high of $47.11. The company has a market cap of $3.32 billion, a PE ratio of 43.26 and a beta of 1.15. The company has a 50 day simple moving average of $40.28 and a two-hundred day simple moving average of $40.06.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $653.10 million during the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Research analysts forecast that Steven Madden will post 2.09 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Steven Madden’s payout ratio is 80.00%.

Insiders Place Their Bets

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the sale, the insider owned 35,200 shares in the company, valued at $1,574,848. The trade was a 12.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the completion of the sale, the director owned 8,057 shares in the company, valued at approximately $322,038.29. The trade was a 7.44% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,270 shares of company stock worth $276,992. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

Large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in shares of Steven Madden in the 4th quarter worth about $30,000. Global Retirement Partners LLC increased its holdings in shares of Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after buying an additional 745 shares during the last quarter. First Horizon Corp increased its holdings in shares of Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after buying an additional 317 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Steven Madden in the 3rd quarter worth about $31,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Steven Madden by 79.4% in the 4th quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock worth $41,000 after buying an additional 435 shares during the last quarter. 99.88% of the stock is currently owned by 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.