Steven Madden (NASDAQ:SHOO) Hits New 1-Year Low – What’s Next?

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $24.97 and last traded at $25.23, with a volume of 196628 shares. The stock had previously closed at $25.30.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SHOO shares. Loop Capital decreased their price target on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a report on Thursday, February 27th. StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Citigroup cut their price objective on shares of Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Steven Madden presently has an average rating of “Hold” and a consensus price target of $40.33.

Steven Madden Trading Down 1.7 %

The company’s fifty day simple moving average is $36.53 and its 200 day simple moving average is $42.07. The stock has a market capitalization of $1.83 billion, a P/E ratio of 10.77 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm had revenue of $582.32 million during the quarter, compared to the consensus estimate of $550.37 million. Equities research analysts predict that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.32%. The ex-dividend date is Monday, March 10th. Steven Madden’s payout ratio is 35.74%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SHOO. PharVision Advisers LLC bought a new stake in shares of Steven Madden during the 4th quarter worth $226,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Steven Madden by 12.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,667 shares of the textile maker’s stock worth $8,150,000 after acquiring an additional 21,270 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Steven Madden during the 4th quarter worth $350,000. Vident Advisory LLC lifted its holdings in shares of Steven Madden by 4.6% during the 4th quarter. Vident Advisory LLC now owns 17,267 shares of the textile maker’s stock worth $734,000 after acquiring an additional 756 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Steven Madden by 24.7% during the 4th quarter. Two Sigma Advisers LP now owns 96,400 shares of the textile maker’s stock worth $4,099,000 after acquiring an additional 19,100 shares during the last quarter. 99.88% of the stock is owned by institutional investors.

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.