Steven Madden (NASDAQ:SHOO) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Steven Madden (NASDAQ:SHOO) from a strong-buy rating to a buy rating in a report issued on Saturday.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Friday, July 17th. Needham & Company LLC raised their target price on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Citigroup reissued a “buy” rating and issued a $55.00 price objective (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. UBS Group reissued a “neutral” rating and issued a $45.00 price target (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Finally, Zacks Research lowered shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.75.

Steven Madden Stock Performance

SHOO opened at $44.24 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 22.23 and a beta of 1.14. Steven Madden has a 52-week low of $28.55 and a 52-week high of $49.70. The firm’s fifty day simple moving average is $44.27 and its two-hundred day simple moving average is $40.43.

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 the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. During the same quarter last year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities analysts anticipate that Steven Madden will post 2.15 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s payout ratio is 42.21%.

Insider Buying and Selling

In other Steven Madden news, Director Arian Simone Reed sold 1,250 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the completion of the sale, the director directly owned 8,196 shares in the company, valued at $399,636.96. This represents a 13.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Al Ferrara sold 3,918 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value 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 trade represents a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,708 shares of company stock valued at $691,304 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Steven Madden

Several hedge funds and other institutional investors have recently bought and sold shares of SHOO. EverSource Wealth Advisors LLC boosted its holdings in Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Steven Madden during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC increased its holdings in shares of Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after buying an additional 745 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Steven Madden by 79.4% during the 4th quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock valued at $41,000 after buying an additional 435 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Steven Madden during the 4th quarter valued at approximately $43,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

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.