Steven Madden’s (SHOO) “Buy” Rating Reiterated at BTIG Research

Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reaffirmed by BTIG Research in a research report issued on Tuesday, Benzinga reports. They currently have a $55.00 target price on the textile maker’s stock. BTIG Research‘s price objective points to a potential upside of 28.62% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Citigroup reissued a “buy” rating and set a $55.00 price target (up from $45.00) on shares of Steven Madden in a report on Friday, July 31st. Wall Street Zen raised shares of Steven Madden from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. BMO Capital Markets started coverage on shares of Steven Madden in a research report on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 price objective on the stock. UBS Group reissued a “neutral” rating and set a $45.00 target price (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Finally, Williams Trading set a $56.00 price target on shares of Steven Madden in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.30.

Steven Madden Trading Down 1.0%

Shares of NASDAQ SHOO opened at $42.76 on Tuesday. Steven Madden has a 1-year low of $31.33 and a 1-year high of $49.70. The business has a fifty day moving average price of $44.23 and a 200 day moving average price of $41.49. The stock has a market capitalization of $3.13 billion, a P/E ratio of 21.49 and a beta of 1.17. 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 (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 analysts’ consensus estimates of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The firm had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. During the same quarter in the previous year, the firm earned $0.20 EPS. The company’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. Equities research analysts expect that Steven Madden will post 2.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Arian Reed sold 1,250 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the transaction, the director directly owned 8,196 shares in the company, valued at approximately $399,636.96. This represents a 13.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mitchell Klipper sold 3,918 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 32,555 shares of the company’s stock, valued at approximately $1,580,219.70. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,086 shares of company stock worth $440,212 in the last three months. 2.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Steven Madden

A number of institutional investors and hedge funds have recently modified their holdings of SHOO. Neumeier Poma Investment Counsel LLC purchased a new position in shares of Steven Madden during the second quarter valued at $49,890,563. Bank of New York Mellon Corp bought a new position in Steven Madden during the second quarter valued at approximately $25,618,000. Dimensional Fund Advisors LP grew its position in Steven Madden by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock worth $79,819,000 after acquiring an additional 99,066 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Steven Madden by 13.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock valued at $28,903,000 after purchasing an additional 77,108 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Steven Madden by 16.2% in the first quarter. Janus Henderson Group PLC now owns 515,113 shares of the textile maker’s stock worth $17,473,000 after purchasing an additional 71,628 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.