Brokerages Set Steven Madden, Ltd. (NASDAQ:SHOO) Target Price at $51.80

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $51.80.

A number of brokerages recently commented on SHOO. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of Steven Madden in a research note on Monday, July 27th. Needham & Company LLC raised their target price on shares of Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Piper Sandler set a $55.00 target price on shares of Steven Madden and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Steven Madden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th.

Steven Madden Stock Performance

Shares of NASDAQ:SHOO opened at $42.83 on Friday. The company’s 50 day moving average price is $44.61 and its two-hundred day moving average price is $40.97. Steven Madden has a 12-month low of $31.33 and a 12-month high of $49.70. The firm has a market cap of $3.13 billion, a PE ratio of 21.52 and a beta of 1.15. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share (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 business had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’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 research analysts predict that Steven Madden will post 2.15 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 11th. Steven Madden’s dividend payout ratio (DPR) is 42.21%.

Insider Buying and Selling at Steven Madden

In other news, Director Mitchell S. Klipper sold 3,918 shares of Steven Madden stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the transaction, the director owned 32,555 shares in the company, valued at approximately $1,580,219.70. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value of $189,082.68. Following the transaction, the director directly owned 26,197 shares of the company’s stock, valued at $1,264,267.22. This trade represents a 13.01% 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 over the last three months. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Steven Madden in the 2nd quarter valued at approximately $49,890,563. Bank of New York Mellon Corp bought a new position in Steven Madden in the 2nd quarter valued at approximately $25,618,000. Nicholas Investment Partners LP bought a new position in Steven Madden in the 4th quarter valued at approximately $17,575,000. Fort Washington Investment Advisors Inc. OH boosted its position in Steven Madden by 58.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 708,053 shares of the textile maker’s stock valued at $24,017,000 after buying an additional 262,000 shares in the last quarter. Finally, Governors Lane LP acquired a new stake in Steven Madden in the fourth quarter valued at approximately $5,763,000. Institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion footwear, accessories and apparel company headquartered in Long Island City, New York. Founded in 1990 by designer Steve Madden, the company has developed into a global lifestyle brand serving consumers through wholesale distribution, company-operated retail stores and e-commerce channels.

The company’s portfolio includes the Steve Madden brand and a range of other footwear, accessories and apparel labels, including Dolce Vita, Betsey Johnson, Sam Edelman, Blondo, GREATS!, BB Dakota and Mad Love.