Steven Madden (NASDAQ:SHOO) Earns Buy Rating from BTIG Research

Steven Madden (NASDAQ:SHOO - Get Free Report)'s stock had its "buy" rating reiterated by BTIG Research in a report released on Tuesday, Benzinga reports. They currently have a $55.00 price target on the textile maker's stock. BTIG Research's price target suggests a potential upside of 28.62% from the stock's previous close.

SHOO has been the subject of several other research reports. Zacks Research cut shares of Steven Madden from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Williams Trading set a $56.00 price target on Steven Madden in a research note on Monday, August 3rd. BMO Capital Markets began coverage on Steven Madden in a report on Tuesday, September 8th. They issued an "outperform" rating and a $60.00 price target on the stock. Capital One Financial set a $60.00 price objective on Steven Madden in a research report on Tuesday, September 8th. Finally, Wall Street Zen upgraded Steven Madden from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Steven Madden has a consensus rating of "Moderate Buy" and a consensus price target of $52.30.

Steven Madden Stock Down 1.0%

Shares of Steven Madden stock opened at $42.76 on Tuesday. The business has a fifty day simple moving average of $44.23 and a 200 day simple moving average of $41.49. The stock has a market cap of $3.13 billion, a PE ratio of 21.49 and a beta of 1.17. 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 has a 12 month low of $31.33 and a 12 month high of $49.70.

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

Insider Activity at Steven Madden

In other Steven Madden news, Director Mitchell Klipper sold 3,918 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.54, for a total value of $190,179.72. Following the transaction, the director directly owned 32,555 shares in the company, valued at $1,580,219.70. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Al Ferrara sold 3,918 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the transaction, the director directly owned 26,197 shares in the company, valued at $1,264,267.22. The trade was a 13.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 9,086 shares of company stock worth $440,212. Company insiders own 2.21% of the company's stock.

Institutional Trading of Steven Madden

Several hedge funds have recently added to or reduced their stakes in SHOO. GAMMA Investing LLC raised its holdings in Steven Madden by 2.6% in the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker's stock worth $420,000 after purchasing an additional 257 shares during the period. Versant Capital Management Inc grew its holdings in shares of Steven Madden by 17.0% in the 3rd quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker's stock valued at $159,000 after buying an additional 516 shares during the period. Abel Hall LLC grew its holdings in shares of Steven Madden by 9.2% in the 3rd quarter. Abel Hall LLC now owns 6,320 shares of the textile maker's stock valued at $283,000 after buying an additional 533 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Steven Madden by 16.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 4,492 shares of the textile maker's stock valued at $201,000 after buying an additional 640 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Steven Madden in the 2nd quarter valued at $32,000. 99.88% of the stock is owned by institutional investors and hedge funds.

About Steven Madden

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.