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

Steven Madden, Ltd. (NASDAQ:SHOO) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $28.80.

A number of research firms have commented on SHOO. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 target price (up previously from $24.00) on shares of Steven Madden in a report on Wednesday, July 30th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a report on Wednesday, July 30th. UBS Group lifted their target price on Steven Madden from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Citigroup raised Steven Madden from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $32.00 in a report on Thursday, July 17th.

Steven Madden Stock Down 2.2%

SHOO stock opened at $26.74 on Friday. Steven Madden has a twelve month low of $19.05 and a twelve month high of $50.01. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.94 billion, a PE ratio of 21.06 and a beta of 1.16. The business has a 50 day moving average of $25.13 and a 200 day moving average of $26.89.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, July 30th. The textile maker reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The company had revenue of $556.09 million for the quarter, compared to the consensus estimate of $575.83 million. Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. On average, research analysts forecast that Steven Madden will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 12th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. Steven Madden’s payout ratio is presently 66.14%.

Institutional Trading of Steven Madden

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after acquiring an additional 485 shares during the period. CX Institutional bought a new stake in shares of Steven Madden in the first quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Steven Madden by 328.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock worth $58,000 after acquiring an additional 1,657 shares during the period. Quarry LP lifted its position in Steven Madden by 403.6% during the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Steven Madden by 475.5% during the second quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock valued at $60,000 after purchasing an additional 2,059 shares in the last quarter. Institutional investors 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.