Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have received an average rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.20.

Several brokerages have recently weighed in on SHOO. Loop Capital upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, October 30th. Wedbush decreased their target price on shares of Steven Madden from $55.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Wells Fargo & Co decreased their target price on shares of Steven Madden from $50.00 to $30.00 and set a “market perform” rating on the stock in a research report on Monday, October 22nd. Zacks Investment Research lowered shares of Steven Madden from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Citigroup decreased their target price on shares of Steven Madden from $40.67 to $38.00 and set a “buy” rating on the stock in a research report on Friday, October 19th.

NASDAQ:SHOO traded down $0.65 during midday trading on Monday, reaching $32.43. The stock had a trading volume of 572,108 shares, compared to its average volume of 1,059,002. Steven Madden has a 1-year low of $25.43 and a 1-year high of $39.30. The firm has a market capitalization of $2.87 billion, a PE ratio of 21.77, a PEG ratio of 1.71 and a beta of 0.66.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Tuesday, October 30th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $458.48 million for the quarter, compared to analyst estimates of $472.80 million. Steven Madden had a net margin of 8.79% and a return on equity of 18.05%. Steven Madden’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. Equities analysts anticipate that Steven Madden will post 1.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Steven Madden’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, December 20th. Steven Madden’s payout ratio is 35.57%.

In related news, Director Rose Peabody Lynch sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $57.27, for a total transaction of $143,175.00. Following the completion of the sale, the director now directly owns 7,103 shares of the company’s stock, valued at $406,788.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karla Frieders sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $56.89, for a total transaction of $398,230.00. Following the sale, the insider now directly owns 75,280 shares of the company’s stock, valued at $4,282,679.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,500 shares of company stock valued at $771,405. 1.77% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board grew its holdings in Steven Madden by 314.1% during the third quarter. Canada Pension Plan Investment Board now owns 111,400 shares of the textile maker’s stock valued at $5,893,000 after purchasing an additional 84,500 shares during the period. Trexquant Investment LP boosted its holdings in shares of Steven Madden by 136.1% in the third quarter. Trexquant Investment LP now owns 14,876 shares of the textile maker’s stock valued at $787,000 after buying an additional 8,575 shares during the period. BlackRock Inc. boosted its holdings in shares of Steven Madden by 4.8% in the third quarter. BlackRock Inc. now owns 7,857,413 shares of the textile maker’s stock valued at $415,657,000 after buying an additional 358,319 shares during the period. Martingale Asset Management L P acquired a new position in shares of Steven Madden in the third quarter valued at approximately $387,000. Finally, Fosun International Ltd acquired a new position in shares of Steven Madden in the third quarter valued at approximately $296,000. Hedge funds and other institutional investors own 64.12% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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