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

Shares of Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) have been given a consensus recommendation of "Hold" by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.33.

A number of brokerages have issued reports on SHOO. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. StockNews.com lowered shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Loop Capital reduced their price target on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research note on Monday, February 3rd. Finally, Piper Sandler cut their target price on Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently modified their holdings of SHOO. FMR LLC lifted its stake in Steven Madden by 8,180.4% during the third quarter. FMR LLC now owns 535,081 shares of the textile maker's stock valued at $26,214,000 after buying an additional 528,619 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Steven Madden by 3.0% during 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 acquiring an additional 49,075 shares during the period. Principal Financial Group Inc. lifted its position in shares of Steven Madden by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 381,196 shares of the textile maker's stock valued at $16,208,000 after acquiring an additional 11,602 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Steven Madden by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 745,798 shares of the textile maker's stock valued at $31,711,000 after acquiring an additional 17,124 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Steven Madden by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,122,680 shares of the textile maker's stock worth $47,736,000 after purchasing an additional 25,903 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company's stock.

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Steven Madden Stock Performance

Shares of SHOO traded down $0.98 during midday trading on Tuesday, hitting $25.02. 1,052,256 shares of the stock traded hands, compared to its average volume of 740,983. Steven Madden has a 1-year low of $24.69 and a 1-year high of $50.01. The business's 50 day moving average price is $35.91 and its two-hundred day moving average price is $41.85. The firm has a market capitalization of $1.81 billion, a PE ratio of 10.59 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $582.32 million during the quarter, compared to analysts' expectations of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. As a group, equities research analysts forecast that Steven Madden will post 2.66 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Monday, March 10th. Steven Madden's payout ratio is 35.74%.

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.