Steven Madden, Ltd. (NASDAQ:SHOO) Receives $43.20 Average PT from Analysts

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) has been given a consensus rating of "Hold" by the six research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.20.

SHOO has been the topic of several analyst reports. Citigroup dropped their target price on shares of Steven Madden from $45.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Telsey Advisory Group reissued a "market perform" rating and set a $44.00 target price on shares of Steven Madden in a research note on Friday, February 14th. StockNews.com cut Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Piper Sandler dropped their price target on Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 13th.

Hedge Funds Weigh In On Steven Madden

Hedge funds have recently added to or reduced their stakes in the company. PharVision Advisers LLC bought a new position in shares of Steven Madden during the 4th quarter valued at $226,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Steven Madden by 12.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,667 shares of the textile maker's stock worth $8,150,000 after buying an additional 21,270 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Steven Madden during the 4th quarter worth about $350,000. Vident Advisory LLC increased its holdings in shares of Steven Madden by 4.6% during the 4th quarter. Vident Advisory LLC now owns 17,267 shares of the textile maker's stock valued at $734,000 after acquiring an additional 756 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Steven Madden by 24.7% in the 4th quarter. Two Sigma Advisers LP now owns 96,400 shares of the textile maker's stock valued at $4,099,000 after acquiring an additional 19,100 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

Steven Madden Trading Down 1.2 %

Shares of Steven Madden stock traded down $0.47 on Friday, reaching $38.23. 721,627 shares of the company were exchanged, compared to its average volume of 699,280. Steven Madden has a fifty-two week low of $36.40 and a fifty-two week high of $50.01. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 16.27 and a beta of 1.07. The stock has a fifty day moving average price of $40.94 and a 200-day moving average price of $43.77.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.

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.