Steven Madden (NASDAQ:SHOO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Steven Madden from “buy” to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $51.80.
• Steven Madden reported quarterly EPS of $0.44, exceeding the $0.33 consensus estimate, while revenue of $665.87 million rose 19.1% year over year and also topped expectations.
• The stock opened at $45.27, near its 12-month high of $49.70; insiders have sold 9,086 shares worth about $440,212 over the past three months, while institutional investors own 99.88% of the company.

Steven Madden (NASDAQ:SHOO - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

SHOO has been the subject of several other reports. Telsey Advisory Group increased their price objective on Steven Madden from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Williams Trading set a $56.00 price target on Steven Madden in a report on Monday, August 3rd. UBS Group reiterated a "neutral" rating and set a $45.00 price target (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. Zacks Research lowered Steven Madden from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised Steven Madden from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $51.80.

Steven Madden Stock Performance

NASDAQ SHOO opened at $45.27 on Friday. The company has a fifty day simple moving average of $44.59 and a 200 day simple moving average of $42.45. Steven Madden has a 12-month low of $31.33 and a 12-month high of $49.70. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. 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 (NASDAQ:SHOO - Get Free Report) last announced 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 net margin of 5.23% and a return on equity of 13.85%. The business had revenue of $665.87 million during the quarter, compared to analyst estimates of $635.39 million. During the same quarter in the previous year, the business posted $0.20 EPS. Steven Madden'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. Sell-side analysts predict that Steven Madden will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Al Ferrara sold 3,918 shares of Steven Madden stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total transaction of $189,082.68. Following the sale, the director directly owned 26,197 shares in the company, valued at approximately $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mitchell Klipper sold 3,918 shares of the business's 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 completion of the transaction, the director directly owned 32,555 shares in the company, valued at approximately $1,580,219.70. This represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,086 shares of company stock worth $440,212. 2.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Steven Madden

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Steven Madden by 2.6% in the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker's stock valued at $420,000 after acquiring an additional 257 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Steven Madden by 17.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker's stock worth $159,000 after purchasing an additional 516 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Steven Madden by 16.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 4,492 shares of the textile maker's stock worth $201,000 after purchasing an additional 640 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Steven Madden during the 2nd quarter worth approximately $32,000. Finally, CX Institutional raised its holdings in shares of Steven Madden by 2.0% in the 2nd quarter. CX Institutional now owns 67,571 shares of the textile maker's stock worth $2,845,000 after purchasing an additional 1,334 shares during the period. Institutional investors own 99.88% of the company's stock.

Steven Madden Company Profile

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.

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