Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $35.52.

A number of research firms have commented on SHOO. Loop Capital set a $36.00 price objective on shares of Steven Madden and gave the company a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Wedbush downgraded shares of Steven Madden from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $34.00 to $36.67 in a report on Wednesday, July 11th. They noted that the move was a valuation call. Canaccord Genuity set a $39.33 price target on shares of Steven Madden and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Macquarie began coverage on shares of Steven Madden in a research note on Wednesday, June 27th. They issued an “outperform” rating for the company.

SHOO stock traded down $1.25 during mid-day trading on Thursday, reaching $28.98. The company’s stock had a trading volume of 1,088,200 shares, compared to its average volume of 685,420. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.85 and a beta of 0.53. Steven Madden has a fifty-two week low of $24.83 and a fifty-two week high of $39.30.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, July 31st. The textile maker reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $395.80 million during the quarter, compared to the consensus estimate of $390.57 million. Steven Madden had a net margin of 8.17% and a return on equity of 17.01%. Steven Madden’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, analysts anticipate that Steven Madden will post 2.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th were paid a $0.1333 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $0.53 annualized dividend and a dividend yield of 1.84%. Steven Madden’s dividend payout ratio (DPR) is 23.66%.

In other news, COO Awadhesh K. Sinha sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $57.50, for a total value of $230,000.00. Following the completion of the sale, the chief operating officer now owns 57,845 shares of the company’s stock, valued at approximately $3,326,087.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rose Peabody Lynch sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $57.27, for a total transaction of $143,175.00. Following the completion of the sale, the director now directly owns 7,103 shares of the company’s stock, valued at approximately $406,788.81. The disclosure for this sale can be found here. In the last three months, insiders sold 13,500 shares of company stock valued at $771,405. Corporate insiders own 1.77% of the company’s stock.

Several institutional investors have recently bought and sold shares of SHOO. Victory Capital Management Inc. grew its stake in shares of Steven Madden by 131.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,949,545 shares of the textile maker’s stock valued at $103,520,000 after buying an additional 1,107,668 shares during the period. BlackRock Inc. boosted its position in shares of Steven Madden by 6.5% during the 2nd quarter. BlackRock Inc. now owns 7,499,094 shares of the textile maker’s stock worth $398,201,000 after purchasing an additional 459,305 shares during the period. Jennison Associates LLC boosted its position in shares of Steven Madden by 35.7% during the 2nd quarter. Jennison Associates LLC now owns 1,311,602 shares of the textile maker’s stock worth $69,646,000 after purchasing an additional 345,001 shares during the period. Cortina Asset Management LLC boosted its position in shares of Steven Madden by 113.6% during the 2nd quarter. Cortina Asset Management LLC now owns 481,658 shares of the textile maker’s stock worth $25,576,000 after purchasing an additional 256,154 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Steven Madden during the 2nd quarter worth approximately $12,013,000. 95.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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