Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.73.
A number of research firms have issued reports on SHOO. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, February 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $37.00 price target on shares of Steven Madden in a research report on Thursday, February 28th. B. Riley reaffirmed a “buy” rating and issued a $38.00 price target on shares of Steven Madden in a research report on Monday, February 25th. Loop Capital increased their price target on Steven Madden to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 19th. Finally, BidaskClub lowered Steven Madden from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th.
Several hedge funds and other institutional investors have recently modified their holdings of SHOO. Advisors Asset Management Inc. grew its stake in Steven Madden by 61.6% during the 4th quarter. Advisors Asset Management Inc. now owns 832 shares of the textile maker’s stock worth $25,000 after buying an additional 317 shares during the last quarter. Resources Investment Advisors Inc. grew its stake in shares of Steven Madden by 50.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 885 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 295 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Steven Madden by 41.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,292 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 378 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Steven Madden in the 4th quarter valued at approximately $42,000. Finally, Edge Wealth Management LLC grew its stake in shares of Steven Madden by 143.8% in the 4th quarter. Edge Wealth Management LLC now owns 1,950 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,150 shares during the last quarter. 96.49% of the stock is currently owned by institutional investors and hedge funds.
Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, February 27th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $410.36 million for the quarter, compared to analyst estimates of $401.50 million. Steven Madden had a return on equity of 19.00% and a net margin of 7.81%. Steven Madden’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, research analysts anticipate that Steven Madden will post 1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, March 18th. Steven Madden’s dividend payout ratio (DPR) is presently 30.60%.
About Steven Madden
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.
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