Steven Madden, Ltd. (NASDAQ:SHOO) Receives $46.33 Average Price Target from Brokerages

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

SHOO has been the topic of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a research report on Thursday, December 5th. Citigroup boosted their target price on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. StockNews.com lowered Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $50.00 price objective on shares of Steven Madden in a research report on Wednesday, November 13th.

Institutional Trading of Steven Madden

Several large investors have recently modified their holdings of SHOO. Sei Investments Co. raised its position in shares of Steven Madden by 0.5% during the second quarter. Sei Investments Co. now owns 125,678 shares of the textile maker’s stock valued at $5,316,000 after buying an additional 590 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Steven Madden by 51.9% in the second quarter. Thrivent Financial for Lutherans now owns 92,434 shares of the textile maker’s stock worth $3,910,000 after buying an additional 31,594 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Steven Madden during the second quarter worth $219,000. Squarepoint Ops LLC bought a new position in Steven Madden during the second quarter valued at $4,550,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Steven Madden by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,141 shares of the textile maker’s stock valued at $1,698,000 after acquiring an additional 484 shares during the period. Institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Down 0.5 %

Shares of NASDAQ:SHOO opened at $41.32 on Monday. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.58 and a beta of 1.08. The company has a 50-day moving average price of $42.78 and a two-hundred day moving average price of $44.34. Steven Madden has a twelve month low of $37.99 and a twelve month high of $50.01.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $624.68 million during the quarter, compared to the consensus estimate of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Analysts anticipate that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.21 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.03%. Steven Madden’s dividend payout ratio is presently 35.74%.

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.