Steven Madden (NASDAQ:SHOO) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Steven Madden (NASDAQ:SHOO) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other research firms also recently commented on SHOO. BTIG Research boosted their price objective on shares of Steven Madden from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group boosted their price target on Steven Madden from $26.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday. Piper Sandler upped their price target on Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.83.

Steven Madden Price Performance

Shares of Steven Madden stock traded down $0.17 during trading on Thursday, reaching $38.21. The company’s stock had a trading volume of 1,314,979 shares, compared to its average volume of 1,554,694. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.76. The company has a market capitalization of $2.78 billion, a P/E ratio of 30.09 and a beta of 1.31. The business has a 50 day moving average price of $33.36 and a 200-day moving average price of $27.88.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The business had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. During the same quarter in the previous year, the company posted $0.91 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. As a group, sell-side analysts anticipate that Steven Madden will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

Institutional Investors Weigh In On Steven Madden

Several hedge funds have recently modified their holdings of SHOO. SBI Securities Co. Ltd. purchased a new stake in shares of Steven Madden during the third quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its position in Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after acquiring an additional 485 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Steven Madden by 616.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker’s stock worth $72,000 after acquiring an additional 1,838 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Steven Madden by 328.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 1,657 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Steven Madden by 231.0% during the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker’s stock worth $61,000 after purchasing an additional 1,589 shares during the period. 99.88% of the stock is owned by institutional investors and hedge funds.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.