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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have received an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.38.

Several brokerages have recently issued reports on SHOO. Wedbush reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of Steven Madden in a research note on Friday, May 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $44.00 target price on shares of Steven Madden in a research report on Friday, April 26th. StockNews.com raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Citigroup lifted their target price on shares of Steven Madden from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, BTIG Research lifted their target price on shares of Steven Madden from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

Steven Madden Price Performance

Shares of SHOO opened at $43.57 on Friday. The firm’s 50 day moving average is $41.97 and its 200-day moving average is $41.94. The stock has a market capitalization of $3.20 billion, a P/E ratio of 18.00 and a beta of 1.12. Steven Madden has a 12-month low of $30.35 and a 12-month high of $45.91.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The company had revenue of $552.38 million for the quarter, compared to analysts’ expectations of $525.04 million. Steven Madden had a net margin of 8.65% and a return on equity of 22.68%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, equities research analysts forecast that Steven Madden will post 2.62 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 10th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.84 annualized dividend and a yield of 1.93%. Steven Madden’s dividend payout ratio is presently 34.71%.

Insider Buying and Selling at Steven Madden

In other Steven Madden news, insider Karla Frieders sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $44.91, for a total value of $449,100.00. Following the transaction, the insider now owns 86,658 shares in the company, valued at approximately $3,891,810.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Steven Madden news, insider Karla Frieders sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $44.91, for a total value of $449,100.00. Following the completion of the sale, the insider now directly owns 86,658 shares of the company’s stock, valued at $3,891,810.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Migliorini sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $43.81, for a total transaction of $131,430.00. Following the completion of the sale, the director now directly owns 16,006 shares of the company’s stock, valued at $701,222.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,600 shares of company stock worth $651,586. 2.08% of the stock is currently owned by company insiders.

Institutional Trading of Steven Madden

Several large investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its position in Steven Madden by 5.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,544 shares of the textile maker’s stock worth $240,000 after acquiring an additional 363 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Steven Madden by 1.8% during the 4th quarter. Yousif Capital Management LLC now owns 35,824 shares of the textile maker’s stock worth $1,505,000 after buying an additional 634 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Steven Madden by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,185 shares of the textile maker’s stock worth $554,000 after buying an additional 761 shares during the period. GAMMA Investing LLC bought a new stake in shares of Steven Madden during the 4th quarter worth $32,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Steven Madden by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 61,378 shares of the textile maker’s stock worth $2,595,000 after buying an additional 794 shares during the period. 99.88% of the stock is owned by institutional investors.

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.