Steven Madden, Ltd. (NASDAQ:SHOO) Receives $28.80 Average Target Price from Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.80.

Several analysts recently issued reports on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 target price (up from $24.00) on shares of Steven Madden in a research note on Wednesday, July 30th. UBS Group increased their price objective on Steven Madden from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Wednesday, July 30th. Citigroup raised Steven Madden from a "neutral" rating to a "buy" rating and raised their price target for the stock from $26.00 to $32.00 in a research note on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Steven Madden from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker's stock worth $25,000 after acquiring an additional 485 shares in the last quarter. CX Institutional bought a new position in shares of Steven Madden in the 1st quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd raised its position in shares of Steven Madden by 328.8% in the 1st 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. Signaturefd LLC raised its position in shares of Steven Madden by 475.5% in the 2nd quarter. Signaturefd LLC now owns 2,492 shares of the textile maker's stock worth $60,000 after acquiring an additional 2,059 shares in the last quarter. Finally, CWM LLC raised its position in shares of Steven Madden by 231.0% in the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker's stock worth $61,000 after acquiring an additional 1,589 shares in the last quarter. Institutional investors own 99.88% of the company's stock.

Steven Madden Trading Down 1.2%

Shares of Steven Madden stock traded down $0.39 on Tuesday, hitting $31.19. The stock had a trading volume of 905,850 shares, compared to its average volume of 1,549,538. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. Steven Madden has a one year low of $19.05 and a one year high of $50.01. The stock's 50-day simple moving average is $26.95 and its two-hundred day simple moving average is $25.50. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 24.57 and a beta of 1.21.

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

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 12th will be issued a $0.21 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.84 annualized dividend and a yield of 2.7%. Steven Madden's dividend payout ratio (DPR) is 66.14%.

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.