Steven Madden, Ltd. (NASDAQ:SHOO) Receives Consensus Rating of "Hold" from Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have been assigned an average rating of "Hold" from the eight analysts that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $45.43.

A number of brokerages have recently issued reports on SHOO. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research note on Thursday. Citigroup upped their price target on Steven Madden from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Piper Sandler reissued a "neutral" rating and issued a $45.00 target price on shares of Steven Madden in a report on Friday, August 23rd. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Sunday, November 24th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $50.00 price target on shares of Steven Madden in a research report on Wednesday, November 13th.

Steven Madden Stock Up 0.6 %

Shares of SHOO stock traded up $0.27 during trading on Friday, hitting $44.74. The company had a trading volume of 659,439 shares, compared to its average volume of 774,030. The stock's 50-day moving average is $45.77 and its two-hundred day moving average is $44.65. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 19.04 and a beta of 1.07. Steven Madden has a 52 week low of $37.99 and a 52 week high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, beating 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 firm had revenue of $624.68 million for the quarter, compared to analyst estimates of $607.89 million. During the same period in the prior year, the company earned $0.88 EPS. The company's revenue was up 13.0% on a year-over-year basis. On average, research analysts predict that Steven Madden will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, December 13th. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in Steven Madden by 1.7% in the 3rd quarter. State Street Corp now owns 2,756,075 shares of the textile maker's stock worth $135,020,000 after purchasing an additional 47,017 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 worth $83,812,000 after buying an additional 49,075 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Steven Madden by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,096,777 shares of the textile maker's stock valued at $53,731,000 after buying an additional 32,696 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Steven Madden by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 873,682 shares of the textile maker's stock valued at $36,957,000 after acquiring an additional 5,451 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Steven Madden by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 728,674 shares of the textile maker's stock worth $35,698,000 after acquiring an additional 4,108 shares in the last quarter. Hedge funds and other institutional investors 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.