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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have received an average rating of "Hold" from the nine research firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $32.00.

A number of analysts have recently issued reports on the company. Citigroup dropped their target price on Steven Madden from $35.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 price target on shares of Steven Madden in a research note on Thursday, May 8th. UBS Group increased their price objective on shares of Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Loop Capital dropped their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, February 27th.

Institutional Investors Weigh In On Steven Madden

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional acquired a new position in shares of Steven Madden in the first quarter worth about $32,000. R Squared Ltd purchased a new stake in shares of Steven Madden in the 4th quarter valued at approximately $55,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 purchasing an additional 1,657 shares during the period. Quarry LP boosted its stake in Steven Madden by 403.6% in the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker's stock worth $59,000 after purchasing an additional 1,110 shares during the period. Finally, CWM LLC grew its position in Steven Madden by 231.0% during the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker's stock worth $61,000 after purchasing an additional 1,589 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Price Performance

SHOO stock traded down $0.47 during midday trading on Friday, hitting $24.90. The stock had a trading volume of 1,946,391 shares, compared to its average volume of 1,054,430. The company's 50-day moving average price is $23.29 and its 200 day moving average price is $33.44. The firm has a market cap of $1.81 billion, a PE ratio of 10.60 and a beta of 1.04. Steven Madden has a 12-month low of $19.05 and a 12-month high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.14. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The business had revenue of $551.38 million for the quarter, compared to analyst estimates of $557.81 million. During the same period in the previous year, the company posted $0.65 EPS. The company's revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Steven Madden will post 2.66 EPS for the current year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 3.37%. Steven Madden's dividend payout ratio is currently 36.21%.

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.