Steven Madden (NASDAQ:SHOO) Reaches New 12-Month High – What’s Next?

Steven Madden, Ltd. (NASDAQ:SHOO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $46.55 and last traded at $46.0650, with a volume of 90039 shares trading hands. The stock had previously closed at $45.49.

Analyst Upgrades and Downgrades

SHOO has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Piper Sandler boosted their price objective on Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Needham & Company LLC raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday, January 8th. Finally, UBS Group restated a “neutral” rating and set a $43.00 price objective on shares of Steven Madden in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.57.

Steven Madden Stock Up 0.8%

The firm has a market cap of $3.33 billion, a PE ratio of 58.12 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. The business has a fifty day moving average price of $41.99 and a two-hundred day moving average price of $34.05.

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

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, December 15th. Steven Madden’s dividend payout ratio (DPR) is currently 106.33%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SHOO. Public Employees Retirement System of Ohio lifted its holdings in shares of Steven Madden by 13.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock valued at $78,000 after buying an additional 283 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Steven Madden by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after acquiring an additional 378 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Steven Madden by 4.1% during the 4th quarter. GAMMA Investing LLC now owns 10,076 shares of the textile maker’s stock valued at $420,000 after purchasing an additional 396 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Steven Madden by 2.1% in the 3rd quarter. Amalgamated Bank now owns 21,042 shares of the textile maker’s stock valued at $704,000 after purchasing an additional 440 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after purchasing an additional 485 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

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.