Steven Madden, Ltd. (NASDAQ:SHOO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $45.5714.

Several brokerages recently commented on SHOO. Piper Sandler lifted their target price on shares of Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Citigroup reissued a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. UBS Group restated a “neutral” rating and set a $43.00 price objective on shares of Steven Madden in a report on Tuesday, December 9th. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Needham & Company LLC upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, January 8th.

Steven Madden Stock Down 1.4%

SHOO stock opened at $45.60 on Monday. Steven Madden has a 1-year low of $19.05 and a 1-year high of $46.55. The business’s 50 day simple moving average is $42.30 and its 200 day simple moving average is $34.41. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.31 billion, a PE ratio of 57.72 and a beta of 1.11.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The business had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. During the same period in the prior year, the business earned $0.91 EPS. The company’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. As a group, research analysts anticipate that Steven Madden will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, December 15th. Steven Madden’s payout ratio is presently 106.33%.

Institutional Trading of Steven Madden

Several hedge funds and other institutional investors have recently bought and sold shares of SHOO. AQR Capital Management LLC acquired a new position in shares of Steven Madden during the 1st quarter worth approximately $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Steven Madden by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after buying an additional 1,437 shares in the last quarter. Millennium Management LLC grew its position in Steven Madden by 1,170.4% during the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after buying an additional 568,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Steven Madden by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after acquiring an additional 10,603 shares during the period. Finally, Jane Street Group LLC raised its holdings in Steven Madden by 273.1% in the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after acquiring an additional 115,284 shares in the last quarter. Institutional investors and hedge funds 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.