Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $24.97 and last traded at $25.23, with a volume of 196628 shares changing hands. The stock had previously closed at $25.30.
Analyst Ratings Changes
Several analysts recently commented on SHOO shares. Telsey Advisory Group dropped their price target on shares of Steven Madden from $44.00 to $38.00 and set a "market perform" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a report on Thursday, February 27th. Citigroup lowered their target price on Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Loop Capital dropped 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. Finally, StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $40.33.
Get Our Latest Report on SHOO
Steven Madden Stock Down 3.7 %
The firm'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 10.65 and a beta of 1.06.
Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $582.32 million during the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. On average, sell-side analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given 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 dividend payout ratio (DPR) is 35.74%.
Institutional Investors Weigh In On Steven Madden
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHOO. Central Pacific Bank Trust Division grew its position in Steven Madden by 7.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,202 shares of the textile maker's stock worth $179,000 after purchasing an additional 290 shares during the last quarter. Mariner LLC raised its position in Steven Madden by 7.2% in the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker's stock worth $202,000 after purchasing an additional 319 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in Steven Madden by 1.6% in the fourth quarter. Moran Wealth Management LLC now owns 21,126 shares of the textile maker's stock valued at $898,000 after acquiring an additional 325 shares during the last quarter. Blue Trust Inc. lifted its holdings in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after buying an additional 339 shares during the period. Finally, Tidal Investments LLC lifted its stake in Steven Madden by 2.4% in the fourth quarter. Tidal Investments LLC now owns 17,784 shares of the textile maker's stock valued at $756,000 after buying an additional 409 shares during the period. 99.88% of the stock is currently owned by institutional investors and hedge funds.
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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