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

Steven Madden, Ltd. (NASDAQ:SHOO) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.33.

SHOO has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. Piper Sandler dropped their price objective on Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday, February 27th. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Loop Capital dropped their target price on Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th.

Steven Madden Trading Down 3.7 %

SHOO opened at $25.03 on Tuesday. Steven Madden has a 1-year low of $24.56 and a 1-year high of $50.01. The company has a market capitalization of $1.81 billion, a PE ratio of 10.65 and a beta of 1.06. The firm’s 50 day simple moving average is $35.59 and its two-hundred day simple moving average is $41.69.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $582.32 million during the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Equities 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.21 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.36%. Steven Madden’s dividend payout ratio is presently 35.74%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Steven Madden in the 4th quarter worth $55,000. Quarry LP grew its holdings in shares of Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock worth $59,000 after purchasing an additional 1,110 shares during the period. Blue Trust Inc. grew its holdings in shares of Steven Madden by 20.9% during the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after purchasing an additional 339 shares during the period. KBC Group NV grew its holdings in shares of Steven Madden by 34.1% during the 3rd quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock worth $108,000 after purchasing an additional 561 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Steven Madden by 21.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock valued at $176,000 after acquiring an additional 741 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

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.