Steven Madden, Ltd. (NASDAQ:SHOO) Stock Has Average Target Price of $51.80 According to Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $51.80.

A number of brokerages recently weighed in on SHOO. UBS Group restated a “neutral” rating and set a $45.00 target price (up from $40.00) on shares of Steven Madden in a research report on Friday, July 31st. Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the company an “overweight” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Steven Madden from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Williams Trading set a $56.00 price objective on shares of Steven Madden in a report on Monday, August 3rd. Finally, Capital One Financial set a $60.00 price objective on Steven Madden in a research report on Tuesday, September 8th.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $45.27 on Wednesday. The stock’s 50-day simple moving average is $44.59 and its 200-day simple moving average is $42.52. Steven Madden has a 52 week low of $31.33 and a 52 week high of $49.70. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 22.75 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13.

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

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio is presently 42.21%.

Insider Activity at Steven Madden

In other news, Director Al Ferrara sold 3,918 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the transaction, the director directly owned 26,197 shares in the company, valued at approximately $1,264,267.22. This represents a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arian Reed sold 1,250 shares of the firm’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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 9,086 shares of company stock valued at $440,212. Insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Steven Madden

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in Steven Madden by 16.2% during the first quarter. Janus Henderson Group PLC now owns 515,113 shares of the textile maker’s stock worth $17,473,000 after acquiring an additional 71,628 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Steven Madden during the first quarter valued at approximately $1,092,000. Hodges Capital Management Inc. raised its position in Steven Madden by 74.9% during the first quarter. Hodges Capital Management Inc. now owns 75,400 shares of the textile maker’s stock valued at $2,558,000 after purchasing an additional 32,300 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Steven Madden by 58.7% in 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 purchasing an additional 262,000 shares during the last quarter. Finally, Governors Lane LP bought a new stake in shares of Steven Madden in the 4th quarter valued at approximately $5,763,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

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.