Steven Madden (NASDAQ:SHOO) Shares Break Above Two Hundred Day Moving Average - What's Next?

Key Points

• Steven Madden shares rose above their 200-day moving average, trading as high as $46.17 versus the $41.86 average, signaling improved technical momentum.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $51.80, above the recent trading price.
• The company reported stronger-than-expected quarterly results, including $0.44 EPS and $665.87 million in revenue, while paying a quarterly dividend of $0.21 per share.

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $41.86 and traded as high as $46.17. Steven Madden shares last traded at $45.58, with a volume of 968,852 shares traded.

Analysts Set New Price Targets

SHOO has been the topic of several analyst reports. BTIG Research reiterated a "buy" rating and set a $50.00 target price on shares of Steven Madden in a report on Monday, July 27th. UBS Group restated a "neutral" rating and issued a $45.00 price target (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. Williams Trading set a $56.00 price target on Steven Madden in a report on Monday, August 3rd. Piper Sandler set a $55.00 price objective on shares of Steven Madden and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC lifted their price objective on shares of Steven Madden from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Steven Madden currently has an average rating of "Moderate Buy" and an average price target of $51.80.

Steven Madden Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The stock has a 50-day moving average price of $45.01 and a 200-day moving average price of $41.86. The firm has a market capitalization of $3.34 billion, a PE ratio of 22.90 and a beta of 1.17.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued 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 return on equity of 13.85% and a net margin of 5.23%.The firm had revenue of $665.87 million during the quarter, compared to the consensus estimate of $635.39 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. Steven Madden's revenue for the quarter was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, research analysts expect that Steven Madden, Ltd. will post 2.15 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 11th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 11th. Steven Madden's dividend payout ratio is 42.21%.

Insider Transactions at Steven Madden

In related news, Director Arian Reed sold 1,250 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total value of $60,950.00. Following the sale, the director directly owned 8,196 shares of the company's stock, valued at $399,636.96. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mitchell S. 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 transaction of $190,179.72. Following the completion of the sale, the director directly owned 32,555 shares in the company, valued at $1,580,219.70. This represents a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,086 shares of company stock valued at $440,212. 2.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Steven Madden

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division raised its stake 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 purchasing an additional 640 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Steven Madden by 17.0% during the third 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. Engineers Gate Manager LP grew its stake in Steven Madden by 61.5% in the second quarter. Engineers Gate Manager LP now owns 12,111 shares of the textile maker's stock worth $510,000 after purchasing an additional 4,611 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Steven Madden in the second quarter worth about $32,000. Finally, Nykredit A S acquired a new position in Steven Madden in the second quarter worth about $128,000. Institutional investors own 99.88% of the company's stock.

About Steven Madden

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.