Steven Madden, Ltd. (NASDAQ:SHOO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $45.5714.

A number of equities analysts recently weighed in on SHOO shares. BTIG Research restated a “buy” rating and set a $50.00 price target (up from $43.00) on shares of Steven Madden in a research report on Thursday, December 4th. Zacks Research raised shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Telsey Advisory Group restated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a report on Wednesday, December 17th. Citigroup restated a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a research report on Friday, October 17th. Finally, Needham & Company LLC upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Thursday.

Institutional Investors Weigh In On Steven Madden

Hedge funds have recently modified their holdings of the company. Scopus Asset Management L.P. acquired a new stake in Steven Madden during the third quarter worth about $36,451,000. Boston Partners purchased a new stake in shares of Steven Madden in the 3rd quarter valued at approximately $33,319,000. Invesco Ltd. grew its stake in shares of Steven Madden by 50.5% in the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after buying an additional 814,318 shares during the period. Neumeier Poma Investment Counsel LLC increased its holdings in shares of Steven Madden by 155.9% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock worth $31,974,000 after buying an additional 581,745 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after buying an additional 568,477 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Down 1.2%

Shares of SHOO opened at $45.05 on Monday. The stock has a 50 day moving average price of $41.32 and a 200 day moving average price of $33.67. Steven Madden has a one year low of $19.05 and a one year high of $46.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 57.03 and a beta of 1.11.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The business had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. During the same period last year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Equities research analysts forecast that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is 106.33%.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.