BTIG Research Reaffirms “Buy” Rating for Steven Madden (NASDAQ:SHOO)

Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a report issued on Tuesday, Benzinga reports. They presently have a $55.00 price objective on the textile maker’s stock. BTIG Research‘s price target would suggest a potential upside of 27.46% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Steven Madden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. UBS Group reissued a “neutral” rating and set a $45.00 target price (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. BMO Capital Markets began coverage on shares of Steven Madden in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 price objective on the stock. Williams Trading set a $56.00 target price on shares of Steven Madden in a report on Monday, August 3rd. Finally, Telsey Advisory Group raised their price target on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Steven Madden currently has a consensus rating of “Moderate Buy” and an average price target of $52.30.

Steven Madden Stock Up 0.9%

Shares of Steven Madden stock traded up $0.39 during midday trading on Tuesday, hitting $43.15. The company had a trading volume of 179,506 shares, compared to its average volume of 1,192,475. The stock has a market capitalization of $3.16 billion, a P/E ratio of 21.65 and a beta of 1.17. Steven Madden has a 52-week low of $31.33 and a 52-week high of $49.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The company has a 50 day moving average of $44.23 and a 200 day moving average of $41.49.

Steven Madden (NASDAQ:SHOO) last announced its 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. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The company had revenue of $665.87 million for the quarter, compared to analysts’ expectations of $635.39 million. During the same period last year, the firm earned $0.20 EPS. Steven Madden’s revenue for the quarter 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 analysts predict that Steven Madden will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Steven Madden news, Director Arian Reed sold 1,250 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the transaction, the director owned 8,196 shares of the company’s stock, valued at $399,636.96. The trade was a 13.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mitchell S. 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 transaction of $190,179.72. Following the transaction, the director directly owned 32,555 shares of the company’s stock, valued at $1,580,219.70. This represents a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,086 shares of company stock valued at $440,212. 2.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHOO. Integrated Wealth Concepts LLC bought a new position in Steven Madden during the 2nd quarter worth approximately $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Steven Madden in the 1st quarter worth approximately $49,000. Reyes Financial Architecture Inc. bought a new stake in shares of Steven Madden in the 3rd quarter worth approximately $86,000. Public Employees Retirement System of Ohio bought a new stake in shares of Steven Madden in the 2nd quarter worth approximately $95,000. Finally, Nykredit A S bought a new stake in shares of Steven Madden in the 2nd quarter worth approximately $128,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

About Steven Madden

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.