Steven Madden, Ltd. (NASDAQ:SHOO) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst sentiment is mixed: Steven Madden has an average “Hold” rating from nine brokerages, with five buys, three holds and one sell. The average 12-month price target is $49.75.
• Quarterly results exceeded expectations: The company reported $0.44 in EPS versus the $0.33 consensus estimate and revenue of $665.87 million, up 19.1% year over year. Shares opened at $45.91, near the middle of their 52-week range.
• Shareholders will receive a quarterly dividend: Steven Madden declared a $0.21-per-share dividend, equivalent to $0.84 annually and a 1.8% yield. Insiders have sold 14,708 shares worth approximately $691,304 over the past 90 days.

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) has been given an average recommendation of "Hold" by the nine brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $49.75.

A number of analysts have recently issued reports on the stock. BTIG Research reaffirmed a "buy" rating and set a $50.00 price objective on shares of Steven Madden in a report on Monday, July 27th. UBS Group reissued a "neutral" rating and issued a $45.00 target price (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Williams Trading set a $56.00 price target on Steven Madden in a research report on Monday, August 3rd. Zacks Research lowered Steven Madden from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the stock an "overweight" rating in a research note on Wednesday, August 5th.

Steven Madden Stock Down 0.4%

SHOO stock opened at $45.91 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. The company's 50 day moving average is $44.20 and its 200 day moving average is $40.22. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 23.07 and a beta of 1.14. Steven Madden has a 1-year low of $27.76 and a 1-year high of $49.70.

Steven Madden (NASDAQ:SHOO - Get Free Report) 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. 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 for the quarter, compared to the consensus estimate of $635.39 million. During the same period last year, the firm posted $0.20 earnings per share. 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 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. Steven Madden's dividend payout ratio (DPR) is currently 42.21%.

Insider Buying and Selling at Steven Madden

In other Steven Madden news, Director Mitchell S. Klipper sold 3,918 shares of the business'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 completion of the sale, the director directly owned 32,555 shares of the company's stock, 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 SEC, which is available at the SEC website. Also, insider Christina Ciglar sold 5,147 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the sale, the insider owned 35,200 shares of the company's stock, valued at $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 14,708 shares of company stock worth $691,304 in the last 90 days. 2.21% of the stock is owned by company insiders.

Institutional Trading of Steven Madden

A number of institutional investors have recently made changes to their positions in SHOO. EverSource Wealth Advisors LLC increased its stake in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker's stock worth $25,000 after buying an additional 485 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Steven Madden during the 4th quarter valued at $30,000. Global Retirement Partners LLC boosted its position in Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker's stock valued at $34,000 after buying an additional 745 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker's stock worth $41,000 after purchasing an additional 435 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Steven Madden in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.88% of the company's stock.

About Steven Madden

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.

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