Steven Madden, Ltd. (NASDAQ:SHOO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $28.80.

Several equities research analysts have weighed in on the company. Citigroup upgraded Steven Madden from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $32.00 in a report on Thursday, July 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Steven Madden in a report on Wednesday, July 30th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a report on Wednesday, July 30th. Finally, 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in shares of Steven Madden by 49.0% in the 4th quarter. Deutsche Bank AG now owns 64,998 shares of the textile maker’s stock valued at $2,764,000 after purchasing an additional 21,363 shares during the period. Principal Financial Group Inc. increased its position in Steven Madden by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 391,937 shares of the textile maker’s stock valued at $10,441,000 after buying an additional 10,741 shares in the last quarter. Bank of Montreal Can increased its position in Steven Madden by 5.5% during the 4th quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker’s stock valued at $453,000 after buying an additional 554 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Steven Madden by 29.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,455,381 shares of the textile maker’s stock valued at $39,907,000 after buying an additional 332,689 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Steven Madden by 62.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 201,696 shares of the textile maker’s stock valued at $5,373,000 after buying an additional 77,425 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Price Performance

SHOO opened at $26.74 on Friday. The stock’s 50 day simple moving average is $25.13 and its 200 day simple moving average is $26.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.13. Steven Madden has a 1 year low of $19.05 and a 1 year high of $50.01. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 21.06 and a beta of 1.16.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data 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). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%. The business had revenue of $556.09 million during the quarter, compared to analysts’ expectations of $575.83 million. During the same quarter last year, the business posted $0.57 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts predict that Steven Madden will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 12th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, September 12th. Steven Madden’s dividend payout ratio (DPR) is presently 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.