Brokerages Set Steven Madden, Ltd. (NASDAQ:SHOO) Target Price at $45.12

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $45.1250.

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Tuesday, April 21st. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. UBS Group restated a “neutral” rating and set a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research note on Thursday, June 4th. Finally, Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th.

Insider Buying and Selling

In other Steven Madden news, Director Arian Simone Reed sold 648 shares of Steven Madden stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the sale, the director owned 8,057 shares in the company, valued at $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina Ciglar sold 5,147 shares of the company’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 completion of the transaction, the insider directly owned 35,200 shares in the company, valued at approximately $1,574,848. This trade represents a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,270 shares of company stock worth $276,992 over the last quarter. 2.21% of the stock is currently owned by insiders.

Institutional Trading of Steven Madden

Several institutional investors and hedge funds have recently bought and sold shares of SHOO. Los Angeles Capital Management LLC acquired a new position in Steven Madden in the fourth quarter valued at about $30,000. Global Retirement Partners LLC raised its stake 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 valued at $34,000 after acquiring an additional 745 shares during the period. First Horizon Corp lifted 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 acquiring an additional 317 shares during the last quarter. Farther Finance Advisors LLC lifted 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 acquiring an additional 435 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Steven Madden during the 4th quarter worth approximately $43,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Steven Madden Price Performance

Shares of SHOO stock traded up $1.69 during trading hours on Monday, reaching $42.01. The company had a trading volume of 923,501 shares, compared to its average volume of 1,169,421. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.23. The stock has a fifty day moving average of $41.84 and a 200-day moving average of $39.91. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 40.01 and a beta of 1.15. Steven Madden has a 12-month low of $22.26 and a 12-month high of $47.10.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data 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 firm had revenue of $653.10 million for the quarter, compared to the consensus estimate of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, equities analysts anticipate that Steven Madden will post 2.09 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 8th. Steven Madden’s payout ratio is presently 80.00%.

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.