Steven Madden’s (SHOO) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Steven Madden (NASDAQ:SHOO) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $24.00 price objective on the textile maker’s stock. Telsey Advisory Group also issued estimates for Steven Madden’s Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at $1.74 EPS.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. Loop Capital lowered their price objective on Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. UBS Group cut their target price on Steven Madden from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Friday, May 2nd. Finally, Citigroup cut their price objective on shares of Steven Madden from $35.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.00.

Steven Madden Stock Down 3.6 %

Shares of Steven Madden stock opened at $22.98 on Thursday. The business has a 50-day moving average price of $23.61 and a 200 day moving average price of $35.46. Steven Madden has a fifty-two week low of $19.05 and a fifty-two week high of $50.01. The firm has a market cap of $1.67 billion, a P/E ratio of 9.78 and a beta of 1.04.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The business had revenue of $551.38 million during the quarter, compared to the consensus estimate of $557.81 million. During the same period in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Steven Madden will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.66%. Steven Madden’s dividend payout ratio (DPR) is 35.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mariner LLC boosted its stake in Steven Madden by 7.2% during the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker’s stock valued at $202,000 after purchasing an additional 319 shares in the last quarter. Moran Wealth Management LLC boosted its stake in Steven Madden by 1.6% during the fourth quarter. Moran Wealth Management LLC now owns 21,126 shares of the textile maker’s stock valued at $898,000 after buying an additional 325 shares in the last quarter. Blue Trust Inc. grew its holdings in Steven Madden by 20.9% during the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after acquiring an additional 339 shares during the period. Tidal Investments LLC lifted its holdings in Steven Madden by 2.4% in the 4th quarter. Tidal Investments LLC now owns 17,784 shares of the textile maker’s stock valued at $756,000 after acquiring an additional 409 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Steven Madden by 5.5% during the 4th quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker’s stock valued at $453,000 after purchasing an additional 554 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. 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.