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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $45.43.

A number of equities analysts recently weighed in on SHOO shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $50.00 target price on shares of Steven Madden in a research note on Wednesday, November 13th. Citigroup upped their price objective on Steven Madden from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research report on Thursday, December 5th. Finally, StockNews.com downgraded Steven Madden from a "buy" rating to a "hold" rating in a research report on Friday, December 27th.

Steven Madden Stock Performance

SHOO traded down $0.56 during trading on Thursday, reaching $41.96. 655,605 shares of the company's stock were exchanged, compared to its average volume of 713,413. The company's fifty day moving average price is $43.95 and its 200-day moving average price is $44.56. The firm has a market capitalization of $3.03 billion, a PE ratio of 17.86 and a beta of 1.07. Steven Madden has a fifty-two week low of $37.99 and a fifty-two week high of $50.01.

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

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, December 13th. Steven Madden's payout ratio is 35.74%.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new position in Steven Madden in the third quarter valued at $36,000. Exchange Traded Concepts LLC bought a new position in shares of Steven Madden during the 3rd quarter worth about $59,000. GAMMA Investing LLC raised its holdings in Steven Madden by 80.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker's stock worth $65,000 after buying an additional 593 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Steven Madden by 94.1% in the third quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker's stock valued at $79,000 after buying an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Steven Madden by 4,800.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker's stock valued at $94,000 after purchasing an additional 1,872 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

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.