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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $46.33.

A number of research analysts have commented on the company. StockNews.com raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup raised their price target on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research report on Thursday, December 5th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $50.00 price objective on shares of Steven Madden in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Steven Madden

Several hedge funds have recently bought and sold shares of SHOO. Gladius Capital Management LP purchased a new position in shares of Steven Madden during the third quarter valued at approximately $36,000. Exchange Traded Concepts LLC bought a new position in Steven Madden during the 3rd quarter valued at approximately $59,000. GAMMA Investing LLC raised its stake in Steven Madden by 80.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock valued at $65,000 after buying an additional 593 shares during the last quarter. Blue Trust Inc. boosted its holdings in Steven Madden by 94.1% in the third quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock worth $79,000 after acquiring an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Steven Madden by 4,800.0% in the third quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock worth $94,000 after acquiring an additional 1,872 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Performance

Shares of Steven Madden stock opened at $42.15 on Thursday. Steven Madden has a 52-week low of $37.99 and a 52-week high of $50.01. The company’s 50 day moving average price is $43.81 and its 200-day moving average price is $44.54. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 17.94 and a beta of 1.08.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $624.68 million for the quarter, compared to analyst estimates of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. As a group, equities research analysts forecast that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.99%. Steven Madden’s payout ratio is 35.74%.

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.