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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have received an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $46.33.

Several equities analysts recently issued reports on SHOO shares. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Thursday, December 5th. Citigroup increased their price objective on shares of Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Wednesday, November 13th.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $41.50 on Monday. The business has a 50 day simple moving average of $42.84 and a two-hundred day simple moving average of $44.40. The stock has a market capitalization of $3.00 billion, a P/E ratio of 17.66 and a beta of 1.08. Steven Madden has a 12 month low of $37.99 and a 12 month high of $50.01.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $624.68 million during 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%. Steven Madden’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. As a group, research analysts anticipate that Steven Madden will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. Steven Madden’s payout ratio is currently 35.74%.

Institutional Trading of Steven Madden

Large investors have recently modified their holdings of the business. R Squared Ltd bought a new position in Steven Madden during the 4th quarter valued at $55,000. Pacer Advisors Inc. acquired a new position in Steven Madden in the fourth quarter worth about $72,795,000. KBC Group NV increased its holdings in Steven Madden by 36.5% in the fourth quarter. KBC Group NV now owns 3,013 shares of the textile maker’s stock valued at $128,000 after buying an additional 805 shares during the last quarter. Blue Trust Inc. raised its stake in Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock valued at $83,000 after buying an additional 339 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Steven Madden by 181.2% in the 4th quarter. SG Americas Securities LLC now owns 9,112 shares of the textile maker’s stock worth $387,000 after acquiring an additional 5,872 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

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.