Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $28.22 and last traded at $28.13, with a volume of 669266 shares changing hands. The stock had previously closed at $28.68.
Analyst Ratings Changes
SHOO has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Loop Capital dropped their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Citigroup dropped their target price on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Piper Sandler dropped their target price on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Telsey Advisory Group dropped their target price on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating for the company in a research report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.33.
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Steven Madden Trading Down 1.3 %
The company's 50 day moving average is $37.51 and its 200-day moving average is $42.51. The company has a market capitalization of $1.83 billion, a P/E ratio of 10.78 and a beta of 1.06.
Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.
Steven Madden Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.31%. Steven Madden's dividend payout ratio is currently 35.74%.
Institutional Trading of Steven Madden
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Steven Madden by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker's stock valued at $344,299,000 after purchasing an additional 54,877 shares in the last quarter. State Street Corp boosted its holdings in shares of Steven Madden by 1.7% in the third quarter. State Street Corp now owns 2,756,075 shares of the textile maker's stock worth $135,020,000 after buying an additional 47,017 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Steven Madden by 36.9% in the fourth quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker's stock worth $85,135,000 after buying an additional 539,738 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Steven Madden by 8.6% in the fourth quarter. Invesco Ltd. now owns 1,745,456 shares of the textile maker's stock worth $74,217,000 after buying an additional 138,065 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Steven Madden in the fourth quarter worth approximately $72,795,000. 99.88% of the stock is currently owned by institutional investors.
Steven Madden Company Profile
(
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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.
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