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

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

SHOO has been the subject of a number of recent research reports. Citigroup raised their target price on Steven Madden from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a report on Thursday, December 5th. StockNews.com raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Monday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $50.00 target price on shares of Steven Madden in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in Steven Madden during the third quarter worth about $36,000. Exchange Traded Concepts LLC bought a new stake in shares of Steven Madden during the 3rd quarter valued at about $59,000. GAMMA Investing LLC grew its holdings in shares of Steven Madden by 80.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker’s stock worth $65,000 after purchasing an additional 593 shares in the last quarter. Blue Trust Inc. increased its position in shares of Steven Madden by 94.1% in the third quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock worth $79,000 after purchasing an additional 785 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Steven Madden by 4,800.0% in the third quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock valued at $94,000 after purchasing an additional 1,872 shares in the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Trading Down 0.9 %

SHOO opened at $41.19 on Thursday. Steven Madden has a 1-year low of $37.99 and a 1-year high of $50.01. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 17.53 and a beta of 1.08. The company’s fifty day moving average price is $43.66 and its two-hundred day moving average price is $44.50.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $624.68 million during the quarter, compared to analyst estimates of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, equities analysts forecast that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, December 13th. This represents a $0.84 annualized dividend and a yield of 2.04%. Steven Madden’s dividend payout ratio is currently 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.