Wall Street Zen Downgrades Steven Madden (NASDAQ:SHOO) to Buy

Steven Madden (NASDAQ:SHOO) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently issued reports on the company. Piper Sandler set a $55.00 target price on Steven Madden and gave the company an “overweight” rating in a research note on Wednesday, August 5th. BTIG Research restated a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a research note on Monday, July 27th. Citigroup reaffirmed a “buy” rating and set a $55.00 price objective (up from $45.00) on shares of Steven Madden in a report on Friday, July 31st. Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $49.75.

Steven Madden Stock Performance

Shares of Steven Madden stock opened at $44.24 on Friday. The company has a market capitalization of $3.24 billion, a P/E ratio of 22.23 and a beta of 1.14. 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 company has a fifty day moving average of $44.27 and a 200 day moving average of $40.46. Steven Madden has a fifty-two week low of $28.55 and a fifty-two week high of $49.70.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $635.39 million. During the same period last year, the firm earned $0.20 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that Steven Madden will post 2.15 earnings per share for the current fiscal year.

Insider Transactions at Steven Madden

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of Steven Madden stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the sale, the insider owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arian Simone Reed sold 1,250 shares of Steven Madden stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the completion of the sale, the director directly owned 8,196 shares in the company, valued at approximately $399,636.96. The trade was a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,708 shares of company stock valued at $691,304 over the last three months. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kingsview Wealth Management LLC bought a new position in shares of Steven Madden in the 4th quarter valued at about $4,201,000. Nicholas Investment Partners LP bought a new stake in Steven Madden during the fourth quarter worth approximately $17,575,000. Louisiana State Employees Retirement System bought a new stake in Steven Madden during the first quarter worth approximately $1,092,000. Legato Capital Management LLC raised its position in Steven Madden by 134.9% during the fourth quarter. Legato Capital Management LLC now owns 142,647 shares of the textile maker’s stock valued at $5,940,000 after purchasing an additional 81,922 shares during the period. Finally, Neumeier Poma Investment Counsel LLC raised its position in Steven Madden by 10.7% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 1,057,465 shares of the textile maker’s stock valued at $44,033,000 after purchasing an additional 102,455 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

About Steven Madden

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.