Steven Madden (NASDAQ:SHOO) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Steven Madden (NASDAQ:SHOO) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the company. Zacks Research cut Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. BTIG Research reissued a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Monday, July 27th. BMO Capital Markets began coverage on shares of Steven Madden in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 target price for the company. Weiss Ratings raised shares of Steven Madden from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Capital One Financial set a $60.00 target price on shares of Steven Madden in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Steven Madden presently has an average rating of “Moderate Buy” and a consensus price target of $51.80.

Steven Madden Price Performance

NASDAQ:SHOO opened at $45.27 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The stock’s 50-day simple moving average is $44.59 and its 200 day simple moving average is $42.45. The company has a market cap of $3.31 billion, a P/E ratio of 22.75 and a beta of 1.17. Steven Madden has a 52-week low of $31.33 and a 52-week high of $49.70.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, topping 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 business 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 was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, sell-side analysts forecast that Steven Madden will post 2.15 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 11th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, September 11th. Steven Madden’s dividend payout ratio (DPR) is 42.21%.

Insider Buying and Selling

In other Steven Madden news, Director Mitchell S. Klipper sold 3,918 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 32,555 shares of the company’s stock, valued at $1,580,219.70. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Al Ferrara sold 3,918 shares of the company’s stock in a transaction that occurred 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,086 shares of company stock worth $440,212. Company insiders own 2.21% of the company’s stock.

Institutional Trading of Steven Madden

A number of hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Steven Madden during the 2nd quarter worth approximately $32,000. Signature Resources Capital Management LLC bought a new stake in Steven Madden in the 1st quarter valued at $49,000. Public Employees Retirement System of Ohio bought a new stake in Steven Madden in the 2nd quarter valued at $95,000. Nykredit A S bought a new stake in Steven Madden in the 2nd quarter valued at $128,000. Finally, Versant Capital Management Inc lifted its holdings in Steven Madden by 17.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 516 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

About Steven Madden

Steven Madden, Ltd. is a footwear and fashion accessories company that designs, sources and markets products under a portfolio of proprietary and licensed brands. Its offerings include women’s, men’s and children’s footwear, handbags, accessories, apparel and related lifestyle products. The company’s best-known brand is Steve Madden, complemented by brands such as Dolce Vita, Betsey Johnson, Freebird and Mad Love.

The company sells its products through multiple channels, including department stores, specialty retailers, mass-market merchants, company-operated retail locations and e-commerce platforms.