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

Key Points

• Steven Madden, Ltd. (NASDAQ:SHOO) has a consensus recommendation of **"Hold"** from analysts, with an average 12-month target price set at **$28.80**.
• The company reported a quarterly earnings miss, achieving **$0.20** EPS against an expected **$0.24**, along with revenue of **$556.09 million** that fell short of the **$575.83 million** forecast.
• Steven Madden declared a quarterly dividend of **$0.21** per share, representing a **3.1% yield** and a **66.14% payout ratio**.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.80.

Several analysts have issued reports on the company. UBS Group upped their target price on Steven Madden from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research report on Wednesday, July 30th. Telsey Advisory Group reiterated a "market perform" rating and issued a $26.00 price target (up previously from $24.00) on shares of Steven Madden in a research note on Wednesday, July 30th. Wall Street Zen downgraded Steven Madden from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Citigroup upgraded Steven Madden from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $32.00 in a research note on Thursday, July 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SHOO. EverSource Wealth Advisors LLC raised its position in shares of Steven Madden by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker's stock worth $25,000 after purchasing an additional 485 shares during the last quarter. CX Institutional acquired a new position in shares of Steven Madden during the first quarter worth about $32,000. Quarry LP lifted its position in shares of Steven Madden by 403.6% during the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker's stock worth $59,000 after purchasing an additional 1,110 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Steven Madden by 328.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker's stock worth $58,000 after acquiring an additional 1,657 shares in the last quarter. Finally, CWM LLC boosted its stake in Steven Madden by 231.0% during the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker's stock valued at $61,000 after acquiring an additional 1,589 shares during the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Steven Madden Stock Up 1.4%

Shares of Steven Madden stock traded up $0.37 during trading on Friday, reaching $27.29. 212,012 shares of the company traded hands, compared to its average volume of 1,562,589. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.13. The firm has a market capitalization of $1.98 billion, a PE ratio of 21.48 and a beta of 1.16. The company has a 50 day moving average price of $25.18 and a 200-day moving average price of $26.49. Steven Madden has a 1-year low of $19.05 and a 1-year high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The textile maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The company had revenue of $556.09 million for the quarter, compared to the consensus estimate of $575.83 million. Steven Madden had a return on equity of 18.32% and a net margin of 3.92%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. As a group, equities research analysts expect that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 12th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, September 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Steven Madden's payout ratio is presently 66.14%.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.