Steven Madden (NASDAQ:SHOO) Upgraded to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Steven Madden (NASDAQ:SHOO) to a strong-buy rating in a research note published on Tuesday,Zacks reports.

A number of other research analysts also recently weighed in on SHOO. Telsey Advisory Group increased their target price on Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research note on Friday, July 17th. Williams Trading set a $56.00 price target on shares of Steven Madden in a research report on Monday, August 3rd. BTIG Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Steven Madden from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. 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 assigned a Sell rating to the company. According to data from MarketBeat, Steven Madden presently has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Steven Madden Trading Down 4.4%

NASDAQ:SHOO 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. Steven Madden has a 12 month low of $30.12 and a 12 month high of $49.70. The company has a market cap of $3.04 billion, a PE ratio of 20.88 and a beta of 1.15. The company has a 50 day simple moving average of $44.40 and a two-hundred day simple moving average of $40.70.

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

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 11th. This represents a $0.84 annualized dividend and a yield of 2.0%. Steven Madden’s payout ratio is 42.21%.

Insider Buying and Selling at Steven Madden

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the sale, the director owned 26,197 shares of the company’s stock, valued at approximately $1,264,267.22. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mitchell Klipper sold 3,918 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the completion of the sale, the director owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. The trade was a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,086 shares of company stock valued at $440,212. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Steven Madden

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHOO. Kingsview Wealth Management LLC bought a new position in shares of Steven Madden in the fourth quarter worth about $4,201,000. Nicholas Investment Partners LP bought a new stake in Steven Madden during the 4th quarter valued at approximately $17,575,000. Louisiana State Employees Retirement System purchased a new position in Steven Madden in the 1st quarter worth approximately $1,092,000. Janus Henderson Group PLC boosted its stake in Steven Madden by 16.2% in the 1st quarter. Janus Henderson Group PLC now owns 515,113 shares of the textile maker’s stock worth $17,473,000 after purchasing an additional 71,628 shares during the period. Finally, Legato Capital Management LLC boosted its stake in Steven Madden by 134.9% in the 4th quarter. Legato Capital Management LLC now owns 142,647 shares of the textile maker’s stock worth $5,940,000 after purchasing an additional 81,922 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

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.