Steven Madden, Ltd. (NASDAQ:SHOO) Receives $51.80 Average Price Target from Brokerages

Steven Madden, Ltd. (NASDAQ:SHOO) has been given an average rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $51.80.

SHOO has been the subject of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a report on Monday, July 27th. Telsey Advisory Group boosted their target price on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Needham & Company LLC raised their target price on shares of Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Zacks Research lowered Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Citigroup reaffirmed a “buy” rating and issued a $55.00 price objective (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st.

Steven Madden Stock Down 2.4%

Shares of SHOO opened at $43.40 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $44.65 and its 200 day moving average price is $41.09. Steven Madden has a 12-month low of $31.33 and a 12-month high of $49.70. The firm has a market cap of $3.18 billion, a P/E ratio of 21.81 and a beta of 1.15.

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

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a $0.21 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is presently 42.21%.

Insider Transactions at Steven Madden

In related news, Director Arian Reed sold 1,250 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the sale, the director owned 8,196 shares of the company’s stock, valued at approximately $399,636.96. This represents a 13.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell Klipper sold 3,918 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total transaction of $190,179.72. Following the completion of the transaction, the director directly owned 32,555 shares in the company, valued at approximately $1,580,219.70. This represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,086 shares of company stock worth $440,212. 2.21% of the stock is currently owned by company insiders.

Institutional Trading of Steven Madden

Large investors have recently modified their holdings of the business. Engineers Gate Manager LP boosted its holdings in Steven Madden by 61.5% in the second quarter. Engineers Gate Manager LP now owns 12,111 shares of the textile maker’s stock valued at $510,000 after purchasing an additional 4,611 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Steven Madden during the 2nd quarter worth approximately $32,000. Nykredit A S acquired a new position in shares of Steven Madden in the 2nd quarter valued at approximately $128,000. iSAM Funds UK Ltd acquired a new position in shares of Steven Madden in the 2nd quarter valued at approximately $312,000. Finally, Headlands Technologies LLC purchased a new position in shares of Steven Madden during the 2nd quarter valued at approximately $469,000. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.

The company’s portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.