Steven Madden (NASDAQ:SHOO) Earns "Market Perform" Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Steven Madden (NASDAQ:SHOO - Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $24.00 price target on the textile maker's stock. Telsey Advisory Group also issued estimates for Steven Madden's Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.70 EPS, Q1 2026 earnings at $0.63 EPS and Q4 2026 earnings at $0.39 EPS.

A number of other equities research analysts have also recently issued reports on SHOO. Citigroup reduced their price objective on Steven Madden from $35.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research report on Friday, May 2nd. Piper Sandler lowered their price target on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. UBS Group boosted their price objective on shares of Steven Madden from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Loop Capital lowered their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $28.50.

Steven Madden Trading Up 1.2%

NASDAQ:SHOO traded up $0.29 on Wednesday, hitting $24.96. The company's stock had a trading volume of 1,112,654 shares, compared to its average volume of 1,065,268. Steven Madden has a one year low of $19.05 and a one year high of $50.01. The firm has a market capitalization of $1.81 billion, a P/E ratio of 10.62 and a beta of 1.12. The stock has a fifty day moving average of $23.05 and a two-hundred day moving average of $32.81.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $557.81 million. During the same quarter in the prior year, the business earned $0.65 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 9th. Steven Madden's dividend payout ratio is presently 36.21%.

Institutional Investors Weigh In On Steven Madden

A number of hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA increased its holdings in Steven Madden by 17.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,503 shares of the textile maker's stock worth $447,000 after purchasing an additional 1,594 shares in the last quarter. Deutsche Bank AG grew its stake in Steven Madden by 49.0% in the fourth quarter. Deutsche Bank AG now owns 64,998 shares of the textile maker's stock valued at $2,764,000 after acquiring an additional 21,363 shares during the period. Bank of Montreal Can grew its position in Steven Madden by 5.5% in the 4th quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker's stock valued at $453,000 after purchasing an additional 554 shares during the period. Principal Financial Group Inc. increased its position in shares of Steven Madden by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 381,196 shares of the textile maker's stock worth $16,208,000 after acquiring an additional 11,602 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Steven Madden by 26.4% in the fourth quarter. JPMorgan Chase & Co. now owns 584,068 shares of the textile maker's stock worth $24,835,000 after purchasing an additional 121,972 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

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.