Brokerages Set Steven Madden, Ltd. (NASDAQ:SHOO) PT at $49.75

Steven Madden, Ltd. (NASDAQ:SHOOGet Free Report) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $49.75.

A number of research analysts have weighed in on the company. UBS Group reissued a “neutral” rating and issued a $45.00 target price (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. BTIG Research restated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Monday, July 27th. Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Williams Trading set a $56.00 price objective on shares of Steven Madden in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Friday, July 17th.

Read Our Latest Analysis on Steven Madden

Insider Buying and Selling at Steven Madden

In related news, insider Christina Ciglar sold 5,147 shares of the 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 directly owned 35,200 shares of the company’s stock, valued at approximately $1,574,848. This represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Al Ferrara sold 3,918 shares of the firm’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 sale, the director owned 26,197 shares in the company, valued at approximately $1,264,267.22. The trade was a 13.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,708 shares of company stock valued at $691,304 over the last three months. Insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds have recently modified their holdings of SHOO. California State Teachers Retirement System raised its position in shares of Steven Madden by 3,989.2% during the 2nd quarter. California State Teachers Retirement System now owns 3,481,039 shares of the textile maker’s stock valued at $146,552,000 after purchasing an additional 3,395,911 shares during the period. Wellington Management Group LLP boosted its holdings in Steven Madden by 18.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock worth $115,613,000 after buying an additional 528,829 shares during the period. Invesco Ltd. increased its stake in Steven Madden by 15.2% in the 4th quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after buying an additional 367,459 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Steven Madden by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,450,539 shares of the textile maker’s stock worth $82,046,000 after buying an additional 41,947 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Steven Madden by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,271,827 shares of the textile maker’s stock valued at $52,959,000 after acquiring an additional 5,288 shares during the period. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Stock Down 0.9%

NASDAQ:SHOO opened at $44.69 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The firm’s 50-day moving average price is $44.27 and its 200-day moving average price is $40.40. The company has a market capitalization of $3.27 billion, a PE ratio of 22.46 and a beta of 1.14. Steven Madden has a 1-year low of $28.55 and a 1-year high of $49.70.

Steven Madden (NASDAQ:SHOOGet Free Report) last released 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. The firm had revenue of $665.87 million during the quarter, compared to analyst estimates of $635.39 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, equities analysts predict that Steven Madden will post 2.15 EPS for the current fiscal year.

Steven Madden Announces Dividend

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

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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