Steven Madden (NASDAQ:SHOO) Upgraded at BMO Capital Markets

Steven Madden (NASDAQ:SHOO) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

A number of other research analysts also recently commented on SHOO. Citigroup reiterated a “buy” rating and issued a $55.00 price objective (up from $45.00) on shares of Steven Madden in a report on Friday, July 31st. Zacks Research downgraded Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Steven Madden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Needham & Company LLC raised their price objective on shares of Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Williams Trading set a $56.00 price objective on shares of Steven Madden in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.80.

Steven Madden Price Performance

Steven Madden stock opened at $41.56 on Tuesday. 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 has a fifty day simple moving average of $44.40 and a 200-day simple moving average of $40.70. The stock has a market cap of $3.04 billion, a P/E ratio of 20.88 and a beta of 1.15. Steven Madden has a 12-month low of $30.12 and a 12-month high of $49.70.

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

Insider Activity at Steven Madden

In related news, Director Al Ferrara sold 3,918 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the sale, the director owned 26,197 shares in the company, valued at $1,264,267.22. This represents a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell Klipper sold 3,918 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total transaction of $190,179.72. Following the sale, the director owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. This represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,086 shares of company stock worth $440,212 in the last 90 days. 2.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in Steven Madden in the 4th quarter valued at about $30,000. Integrated Wealth Concepts LLC acquired a new stake in Steven Madden during the 2nd quarter worth approximately $32,000. Global Retirement Partners LLC grew its stake in shares of Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 745 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Steven Madden in the 4th quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Steven Madden by 86.6% in 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 during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

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.