Steven Madden (NASDAQ:SHOO) Raised to Strong-Buy at BMO Capital Markets

Steven Madden (NASDAQ:SHOO) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Several other research analysts also recently commented on SHOO. Telsey Advisory Group lifted their target price on Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Piper Sandler set a $55.00 price target on Steven Madden and gave the company an “overweight” rating in a report on Wednesday, August 5th. Williams Trading set a $56.00 price objective on shares of Steven Madden in a research report on Monday, August 3rd. Capital One Financial set a $60.00 price objective on shares of Steven Madden in a research report on Tuesday. Finally, Needham & Company LLC upped their price target on shares of Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.80.

Steven Madden Stock Down 4.4%

Shares of SHOO stock opened at $41.56 on Tuesday. Steven Madden has a 52-week low of $30.12 and a 52-week high of $49.70. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 20.88 and a beta of 1.15. The firm’s 50-day moving average is $44.40 and its 200-day moving average is $40.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The business had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.Steven Madden’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last 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 EPS for the current year.

Insider Activity at Steven Madden

In related news, Director Mitchell Klipper sold 3,918 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total value of $190,179.72. Following the transaction, the director directly owned 32,555 shares in the company, valued at approximately $1,580,219.70. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arian Reed sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total transaction of $60,950.00. Following the transaction, the director directly owned 8,196 shares in the company, valued at approximately $399,636.96. This represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,086 shares of company stock worth $440,212. Corporate insiders own 2.21% of the company’s stock.

Institutional Trading of Steven Madden

A number of institutional investors have recently modified their holdings of SHOO. Los Angeles Capital Management LLC bought a new stake in Steven Madden during the fourth quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new position in Steven Madden during the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC lifted its stake in Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 745 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Steven Madden in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after buying an additional 485 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.