Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $23.31 and last traded at $23.65, with a volume of 4072712 shares changing hands. The stock had previously closed at $28.28.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Loop Capital lowered their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Piper Sandler cut their price target on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $40.33.
View Our Latest Analysis on SHOO
Steven Madden Stock Up 1.9 %
The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.26 and a beta of 0.98. The business has a 50 day moving average price of $32.66 and a 200-day moving average price of $40.44.
Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The company had revenue of $582.32 million for the quarter, compared to analyst estimates of $550.37 million. Research analysts anticipate that Steven Madden, Ltd. will post 2.66 earnings per share for the current fiscal year.
Steven Madden Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.49%. Steven Madden's dividend payout ratio is currently 35.74%.
Institutional Trading of Steven Madden
A number of hedge funds and other institutional investors have recently modified their holdings of SHOO. PharVision Advisers LLC purchased a new stake in Steven Madden during the 4th quarter worth approximately $226,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 acquired a new stake in Steven Madden in the fourth quarter valued at $350,000. Vident Advisory LLC boosted its stake in 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 grew its holdings in Steven Madden by 24.7% during the 4th quarter. Two Sigma Advisers LP now owns 96,400 shares of the textile maker's stock worth $4,099,000 after acquiring an additional 19,100 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.
About Steven Madden
(
Get Free Report)
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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