Brokerages Set Steven Madden, Ltd. (NASDAQ:SHOO) Target Price at $53.67

Shares of Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) have been assigned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $53.67.

A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on Steven Madden in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded Steven Madden from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Thursday, January 6th. Finally, Loop Capital upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, January 11th.

SHOO stock traded up $1.32 during midday trading on Friday, reaching $40.91. 32,376 shares of the company traded hands, compared to its average volume of 609,606. Steven Madden has a 52-week low of $36.77 and a 52-week high of $51.56. The stock’s 50 day simple moving average is $40.37. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 17.49 and a beta of 1.23.

Steven Madden (NASDAQ:SHOOGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. Steven Madden had a return on equity of 25.37% and a net margin of 10.22%. The business had revenue of $578.48 million for the quarter, compared to the consensus estimate of $526.03 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 63.9% compared to the same quarter last year. On average, equities research analysts expect that Steven Madden will post 2.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were issued a dividend of $0.21 per share. This is an increase from Steven Madden’s previous quarterly dividend of $0.15. This represents a $0.84 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, March 10th. Steven Madden’s dividend payout ratio (DPR) is presently 35.90%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Portformulas Corp bought a new stake in Steven Madden during the 4th quarter valued at $121,000. Rockefeller Capital Management L.P. boosted its position in Steven Madden by 18.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,673 shares of the textile maker’s stock valued at $124,000 after acquiring an additional 415 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Steven Madden during the 3rd quarter valued at $132,000. Nisa Investment Advisors LLC boosted its position in Steven Madden by 23.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the textile maker’s stock valued at $150,000 after acquiring an additional 695 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Steven Madden during the 4th quarter valued at $194,000. Institutional investors own 95.28% of the company’s stock.

Steven Madden Company Profile (Get Rating)

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear.

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