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

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

Several equities analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a report on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $50.00 price objective on shares of Steven Madden in a research note on Wednesday, November 13th. Citigroup raised their target price on shares of Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Monday.

Steven Madden Stock Performance

Shares of SHOO stock opened at $41.19 on Thursday. The firm’s 50 day moving average price is $43.66 and its two-hundred day moving average price is $44.50. Steven Madden has a 52-week low of $37.99 and a 52-week high of $50.01. The stock has a market cap of $2.97 billion, a PE ratio of 17.53 and a beta of 1.08.

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

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.04%. Steven Madden’s payout ratio is 35.74%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHOO. FMR LLC increased its position in Steven Madden by 8,180.4% during the 3rd quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after purchasing an additional 528,619 shares in the last quarter. Geode Capital Management LLC raised its position in Steven Madden by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,710,492 shares of the textile maker’s stock valued at $83,812,000 after purchasing an additional 49,075 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of Steven Madden by 15.9% during the third quarter. Systematic Financial Management LP now owns 439,126 shares of the textile maker’s stock valued at $21,513,000 after purchasing an additional 60,276 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Steven Madden during the third quarter worth about $2,614,000. Finally, Nicholas Investment Partners LP bought a new stake in Steven Madden during the 2nd quarter worth approximately $4,863,000. 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.