Analysts Set Steven Madden, Ltd. (NASDAQ:SHOO) Target Price at $43.88

Shares of Steven Madden, Ltd. (NASDAQ:SHOOGet Free Report) have earned an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $45.1250.

SHOO has been the subject of several research reports. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, June 4th. Needham & Company LLC raised 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 raised Steven Madden from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. Williams Trading set a $48.00 target price on Steven Madden in a report on Tuesday, March 10th. Finally, UBS Group reissued a “neutral” rating and set a $40.00 target price (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th.

Get Our Latest Stock Analysis on SHOO

Insider Activity

In other news, Director Arian Simone Reed sold 648 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the sale, the director directly owned 8,057 shares in the company, valued at approximately $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christina Ciglar sold 5,147 shares of the company’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 sale, the insider owned 35,200 shares in the company, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,270 shares of company stock worth $276,992. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake 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 worth $25,000 after purchasing an additional 485 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Steven Madden during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Steven Madden in the third quarter worth approximately $31,000. Global Retirement Partners LLC grew its holdings in shares of Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after purchasing an additional 745 shares during the last quarter. Finally, First Horizon Corp grew its holdings in shares of 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 during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

NASDAQ SHOO opened at $42.84 on Thursday. 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 stock has a market capitalization of $3.13 billion, a PE ratio of 40.80 and a beta of 1.15. The company has a 50 day moving average price of $40.65 and a two-hundred day moving average price of $40.09. Steven Madden has a 12-month low of $22.26 and a 12-month high of $47.10.

Steven Madden (NASDAQ:SHOOGet Free Report) last posted 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. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business had revenue of $653.10 million for the quarter, compared to analyst estimates of $646.64 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, equities analysts predict that Steven Madden will post 2.09 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 8th. Steven Madden’s payout ratio is currently 80.00%.

About Steven Madden

(Get Free Report)

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.

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Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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