Steven Madden (NASDAQ:SHOO) Hits New 12-Month High – Here’s Why

Steven Madden, Ltd. (NASDAQ:SHOO) shares reached a new 52-week high during trading on Thursday . The company traded as high as $44.96 and last traded at $44.4790, with a volume of 173564 shares trading hands. The stock had previously closed at $43.72.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHOO shares. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Piper Sandler upped their target price on Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $41.00 target price (up previously from $32.00) on shares of Steven Madden in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Steven Madden Trading Up 2.5%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. The stock has a market capitalization of $3.26 billion, a P/E ratio of 56.74 and a beta of 1.13. The stock has a 50-day moving average price of $37.46 and a two-hundred day moving average price of $30.71.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The company had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, research analysts forecast that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Steven Madden’s dividend payout ratio is currently 106.33%.

Institutional Trading of Steven Madden

A number of hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of Steven Madden in the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Steven Madden by 86.6% during the second 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 in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Steven Madden by 616.8% during the third quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker’s stock valued at $72,000 after purchasing an additional 1,838 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Steven Madden by 328.8% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock worth $58,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Steven Madden by 13.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after buying an additional 283 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.