Steven Madden, Ltd. (NASDAQ:SHOO) Receives $37.83 Consensus Price Target from Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have been assigned an average recommendation of "Hold" from the eight analysts that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.83.

SHOO has been the subject of several recent research reports. Citigroup decreased their price target on Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Jefferies Financial Group reissued a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Telsey Advisory Group lowered their price objective on Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. Finally, Piper Sandler cut their target price on Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.

Institutional Trading of Steven Madden

Large investors have recently bought and sold shares of the company. CX Institutional acquired a new stake in Steven Madden in the 1st quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of Steven Madden in the fourth quarter valued at about $55,000. Quarry LP grew its position in shares of Steven Madden by 403.6% in the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after purchasing an additional 1,110 shares during the last quarter. Blue Trust Inc. grew its position in shares of Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after purchasing an additional 339 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Steven Madden by 36.5% during the 4th quarter. KBC Group NV now owns 3,013 shares of the textile maker's stock worth $128,000 after purchasing an additional 805 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Price Performance

Shares of NASDAQ:SHOO traded up $0.14 on Friday, reaching $19.68. The company's stock had a trading volume of 139,165 shares, compared to its average volume of 890,532. Steven Madden has a 52-week low of $19.05 and a 52-week high of $50.01. The stock has a market capitalization of $1.42 billion, a P/E ratio of 8.37 and a beta of 0.98. The stock's 50-day moving average is $28.95 and its two-hundred day moving average is $38.67.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The firm had revenue of $582.32 million during the quarter, compared to the consensus estimate of $550.37 million. Equities analysts forecast that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 4.27%. Steven Madden's dividend payout ratio is presently 35.74%.

About Steven Madden

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.