Steven Madden (NASDAQ:SHOO) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Steven Madden (NASDAQ:SHOO) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts have also recently weighed in on the company. Williams Trading set a $56.00 price objective on Steven Madden in a research note on Monday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. UBS Group reaffirmed a “neutral” rating and issued a $45.00 target price (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. Telsey Advisory Group upped their price target on shares of Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.75.

Steven Madden Price Performance

Shares of SHOO opened at $48.58 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. Steven Madden has a 1-year low of $24.50 and a 1-year high of $49.70. The stock has a market cap of $3.56 billion, a PE ratio of 24.41 and a beta of 1.14. The firm has a fifty day moving average price of $43.67 and a 200 day moving average price of $40.06.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The company had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. During the same quarter last year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, sell-side analysts anticipate that Steven Madden will post 2.14 EPS for the current year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. Steven Madden’s payout ratio is presently 42.21%.

Insider Buying and Selling

In other news, Director Mitchell S. Klipper sold 3,918 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total transaction of $190,179.72. Following the completion of the sale, the director owned 32,555 shares in the company, valued at $1,580,219.70. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arian Simone Reed sold 1,250 shares of Steven Madden stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the transaction, the director owned 8,196 shares in the company, valued at approximately $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,356 shares of company stock worth $717,204 over the last three months. 2.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Steven Madden by 2.6% in the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock valued at $420,000 after purchasing an additional 257 shares during the period. Public Employees Retirement System of Ohio increased its position in 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 worth $78,000 after purchasing an additional 283 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Steven Madden by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock worth $693,000 after buying an additional 300 shares in the last quarter. First Horizon Corp raised its stake in shares of Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after buying an additional 317 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Steven Madden by 2.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock valued at $572,000 after buying an additional 321 shares during the period. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Company Profile

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.