Steven Madden, Ltd. (NASDAQ:SHOO) Given Average Rating of "Hold" by Analysts

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.29.

Several equities research analysts have recently weighed in on the company. BTIG Research increased their price objective on Steven Madden from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, June 6th. Piper Sandler reiterated a "neutral" rating and set a $45.00 target price on shares of Steven Madden in a research report on Friday, August 23rd. Wedbush reissued a "neutral" rating and issued a $41.00 price target on shares of Steven Madden in a research note on Wednesday, August 7th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $44.00 price target on shares of Steven Madden in a research report on Wednesday, July 31st. Finally, StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday.

Insider Transactions at Steven Madden

In other Steven Madden news, insider Karla Frieders sold 10,000 shares of Steven Madden stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Rose Peabody Lynch sold 1,600 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $44.41, for a total transaction of $71,056.00. Following the completion of the sale, the director now owns 21,303 shares in the company, valued at approximately $946,066.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karla Frieders sold 10,000 shares of Steven Madden stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $44.91, for a total transaction of $449,100.00. Following the transaction, the insider now directly owns 86,658 shares in the company, valued at approximately $3,891,810.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,600 shares of company stock worth $651,586. Company insiders own 2.08% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SHOO. GAMMA Investing LLC bought a new stake in Steven Madden in the 4th quarter worth approximately $32,000. Blue Trust Inc. lifted its holdings in Steven Madden by 9,166.7% in the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker's stock valued at $35,000 after acquiring an additional 825 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Steven Madden in the first quarter worth about $47,000. EntryPoint Capital LLC bought a new stake in Steven Madden during the 1st quarter valued at approximately $81,000. Finally, nVerses Capital LLC boosted its holdings in shares of Steven Madden by 3,600.0% in the 2nd quarter. nVerses Capital LLC now owns 3,700 shares of the textile maker's stock worth $157,000 after purchasing an additional 3,600 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Trading Up 1.3 %

SHOO traded up $0.56 on Friday, reaching $45.10. The stock had a trading volume of 557,922 shares, compared to its average volume of 714,202. Steven Madden has a 12-month low of $30.35 and a 12-month high of $47.24. The business's 50-day moving average price is $43.47 and its two-hundred day moving average price is $42.50. The company has a market cap of $3.31 billion, a P/E ratio of 18.51 and a beta of 1.09.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its earnings results on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Steven Madden had a net margin of 8.36% and a return on equity of 23.49%. The company had revenue of $523.60 million during the quarter, compared to analysts' expectations of $515.15 million. During the same quarter last year, the business earned $0.47 EPS. The business's revenue was up 17.6% on a year-over-year basis. As a group, analysts predict that Steven Madden will post 2.62 earnings per share for the current year.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 13th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. Steven Madden's dividend payout ratio (DPR) is presently 34.71%.

About Steven Madden

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.