Steven Madden (NASDAQ:SHOO) Shares Down 1.8% - Should You Sell?

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) fell 1.8% on Friday . The company traded as low as $25.06 and last traded at $25.23. 410,282 shares were traded during trading, a decline of 45% from the average session volume of 741,883 shares. The stock had previously closed at $25.68.

Analyst Ratings Changes

A number of research firms have weighed in on SHOO. StockNews.com lowered Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Citigroup cut their price objective on Steven Madden from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a research report on Thursday, February 27th. Piper Sandler dropped their price target 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, Loop Capital reduced their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.33.

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Steven Madden Stock Performance

The stock's 50-day moving average is $36.85 and its 200 day moving average is $42.21. The stock has a market capitalization of $1.84 billion, a PE ratio of 10.83 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, beating analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Analysts expect that Steven Madden, Ltd. will post 2.66 earnings per share for the current year.

Steven Madden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, March 10th. Steven Madden's payout ratio is currently 35.74%.

Institutional Trading of Steven Madden

Hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Steven Madden in the 4th quarter worth $55,000. Quarry LP lifted its stake in shares of Steven Madden by 403.6% in the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after purchasing an additional 1,110 shares during the period. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 339 shares during the period. KBC Group NV lifted its stake in shares of Steven Madden by 34.1% in the third quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock valued at $108,000 after purchasing an additional 561 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Steven Madden by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker's stock valued at $176,000 after purchasing an additional 741 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.

About Steven Madden

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.