Steven Madden’s (SHOO) “Buy” Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Steven Madden (NASDAQ:SHOO) in a research note published on Monday,Benzinga reports. They currently have a $50.00 price target on the textile maker’s stock.

A number of other equities analysts have also commented on SHOO. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Needham & Company LLC boosted their price target on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. UBS Group reaffirmed a “neutral” rating and set a $40.00 target price (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.12.

Steven Madden Stock Performance

SHOO stock opened at $43.40 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $42.91 and its two-hundred day simple moving average is $39.90. Steven Madden has a twelve month low of $22.26 and a twelve month high of $47.10. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 41.33 and a beta of 1.15.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $653.10 million during 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 business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Analysts predict that Steven Madden will post 2.11 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 8th. Steven Madden’s dividend payout ratio is presently 80.00%.

Insider Buying and Selling

In related news, insider Christina Ciglar sold 5,147 shares of the business’s stock in a transaction that occurred 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 owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arian Simone Reed sold 648 shares of the company’s 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 of the company’s stock, valued at approximately $322,038.29. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 6,270 shares of company stock worth $276,992. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Steven Madden by 2.6% during the 2nd quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock worth $420,000 after purchasing an additional 257 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Steven Madden by 13.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 283 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Steven Madden by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock valued at $693,000 after purchasing an additional 300 shares during the last quarter. First Horizon Corp raised its holdings in Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after purchasing an additional 317 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Steven Madden by 2.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock worth $572,000 after purchasing an additional 321 shares in the last quarter. 99.88% of the stock is owned by institutional investors.

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.