Steven Madden, Ltd. (NASDAQ:SHOO) Short Interest Down 24.7% in December

Steven Madden, Ltd. (NASDAQ:SHOO) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 5,698,610 shares, a drop of 24.7% from the November 30th total of 7,566,190 shares. Based on an average daily trading volume, of 1,029,477 shares, the short-interest ratio is currently 5.5 days. Approximately 8.0% of the company’s shares are sold short. Approximately 8.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,029,477 shares, the short-interest ratio is currently 5.5 days.

Institutional Investors Weigh In On Steven Madden

Several large investors have recently modified their holdings of the stock. Scopus Asset Management L.P. purchased a new position in Steven Madden in the third quarter valued at approximately $36,451,000. Boston Partners purchased a new position in shares of Steven Madden during the 3rd quarter valued at $33,319,000. Invesco Ltd. grew its stake in shares of Steven Madden by 50.5% during the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after acquiring an additional 814,318 shares during the period. Neumeier Poma Investment Counsel LLC increased its holdings in Steven Madden by 155.9% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock worth $31,974,000 after acquiring an additional 581,745 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SHOO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a research note on Wednesday, December 17th. Finally, BTIG Research reissued a “buy” rating and issued a $50.00 price objective (up previously from $43.00) on shares of Steven Madden in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Steven Madden has an average rating of “Moderate Buy” and a consensus price target of $44.83.

Steven Madden Stock Down 0.6%

Steven Madden stock traded down $0.24 during midday trading on Tuesday, hitting $42.37. 259,903 shares of the stock were exchanged, compared to its average volume of 1,468,510. Steven Madden has a 52-week low of $19.05 and a 52-week high of $44.99. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $39.80 and its 200-day moving average price is $32.41. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 53.57 and a beta of 1.13.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.Steven Madden’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, research analysts expect that Steven Madden will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.84 annualized dividend and a yield of 2.0%. Steven Madden’s payout ratio is currently 106.33%.

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.