Steven Madden (NASDAQ:SHOO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Steven Madden (NASDAQ:SHOO) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

SHOO has been the subject of a number of other research reports. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Weiss Ratings raised Steven Madden from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Citigroup restated a “buy” rating and set a $55.00 target price (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.80.

Steven Madden Stock Down 0.7%

Steven Madden stock opened at $44.96 on Friday. Steven Madden has a fifty-two week low of $31.33 and a fifty-two week high of $49.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The company has a market capitalization of $3.29 billion, a P/E ratio of 22.59 and a beta of 1.17. The stock has a 50-day simple moving average of $44.51 and a 200-day simple moving average of $42.60.

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

Steven Madden Dividend Announcement

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

Insider Buying and Selling

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the company’s 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 sale, the director directly owned 26,197 shares of the company’s stock, valued at $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 is available at the SEC website. Also, Director Mitchell S. Klipper sold 3,918 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total value of $190,179.72. Following the sale, the director directly owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,086 shares of company stock valued at $440,212 over the last quarter. 2.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SHOO. Integrated Wealth Concepts LLC acquired a new position in shares of Steven Madden during the second quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new position in Steven Madden during the first quarter worth about $49,000. Public Employees Retirement System of Ohio acquired a new stake in Steven Madden in the second quarter valued at about $95,000. Nykredit A S acquired a new stake in Steven Madden in the second quarter valued at about $128,000. Finally, Versant Capital Management Inc lifted its position in Steven Madden by 17.0% in the third quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 516 shares during the period. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

About Steven Madden

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.