Steven Madden (NASDAQ:SHOO) Given Buy Rating at BTIG Research

Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating restated by equities researchers at BTIG Research in a report issued on Thursday,Benzinga reports. They presently have a $50.00 price objective on the textile maker’s stock. BTIG Research’s price objective would indicate a potential upside of 14.16% from the stock’s current price.

SHOO has been the subject of a number of other reports. Zacks Research raised Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. UBS Group reissued a “neutral” rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Wall Street Zen cut Steven Madden from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, Williams Trading set a $48.00 price objective on shares of Steven Madden in a research note on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.88.

Steven Madden Stock Performance

NASDAQ SHOO opened at $43.80 on Thursday. The stock has a market cap of $3.20 billion, a P/E ratio of 41.71 and a beta of 1.15. The company’s 50-day simple moving average is $38.44 and its 200 day simple moving average is $39.70. Steven Madden has a twelve month low of $22.26 and a twelve month high of $46.88. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30.

Steven Madden (NASDAQ:SHOO) last posted its earnings results 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. The business had revenue of $653.10 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, research analysts forecast that Steven Madden will post 2.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Steven Madden news, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $39.97, for a total transaction of $25,900.56. Following the sale, the director directly owned 8,057 shares of the company’s stock, valued at approximately $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Steven Madden

Several large investors have recently added to or reduced their stakes in SHOO. Scopus Asset Management L.P. bought a new stake in Steven Madden during the third quarter worth about $36,451,000. Boston Partners bought a new stake in shares of Steven Madden during the third quarter valued at approximately $33,319,000. Invesco Ltd. grew its stake in shares of Steven Madden by 50.5% during the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after purchasing an additional 814,318 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in shares of Steven Madden by 155.9% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after purchasing an additional 581,745 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Steven Madden by 1,170.4% during 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 last quarter. 99.88% of the stock is owned by institutional investors.

Steven Madden Company Profile

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.