Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $19.90, but opened at $19.22. Steven Madden shares last traded at $19.48, with a volume of 68,045 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on SHOO shares. Telsey Advisory Group decreased their target price on 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. StockNews.com lowered shares of Steven Madden from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research note on Thursday, February 27th. Jefferies Financial Group reiterated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Finally, Piper Sandler dropped their target price on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $35.57.
Read Our Latest Stock Report on SHOO
Steven Madden Price Performance
The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 8.69 and a beta of 0.98. The company has a fifty day moving average price of $26.74 and a two-hundred day moving average price of $37.50.
Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data 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 company 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, research analysts expect 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 given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden's payout ratio is 35.74%.
Institutional Trading of Steven Madden
Several hedge funds and other institutional investors have recently modified their holdings of SHOO. Barclays PLC boosted its position in Steven Madden by 286.9% during the 3rd quarter. Barclays PLC now owns 139,206 shares of the textile maker's stock worth $6,819,000 after acquiring an additional 103,226 shares during the period. Tidal Investments LLC grew its position in Steven Madden by 15.1% during the third quarter. Tidal Investments LLC now owns 17,375 shares of the textile maker's stock valued at $851,000 after purchasing an additional 2,278 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Steven Madden by 5.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,096 shares of the textile maker's stock valued at $22,638,000 after buying an additional 21,942 shares during the period. Central Pacific Bank Trust Division lifted 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 buying an additional 290 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Steven Madden by 1.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 124,271 shares of the textile maker's stock valued at $5,284,000 after buying an additional 2,266 shares during the period. Institutional investors and hedge funds own 99.88% of the company's stock.
Steven Madden Company Profile
(
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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