Steven Madden (NASDAQ:SHOO) Given New $38.00 Price Target at Telsey Advisory Group

Steven Madden (NASDAQ:SHOO - Free Report) had its price objective trimmed by Telsey Advisory Group from $44.00 to $38.00 in a research report report published on Thursday, MarketBeat.com reports. The brokerage currently has a market perform rating on the textile maker's stock. Telsey Advisory Group also issued estimates for Steven Madden's Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.52 EPS and FY2026 earnings at $2.65 EPS.

A number of other research firms have also recently commented on SHOO. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research note on Thursday, February 13th. Piper Sandler decreased their price objective on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Citigroup decreased their price target on Steven Madden from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, StockNews.com downgraded 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $40.33.

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Steven Madden Stock Performance

Shares of SHOO stock traded down $2.34 during mid-day trading on Thursday, reaching $30.45. 1,634,980 shares of the company's stock traded hands, compared to its average volume of 860,104. The firm has a market capitalization of $2.20 billion, a PE ratio of 12.96 and a beta of 1.07. Steven Madden has a 12 month low of $30.43 and a 12 month high of $50.01. The firm has a 50 day moving average price of $40.07 and a two-hundred day moving average price of $43.50.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. As a group, equities analysts expect that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, March 10th. Steven Madden's dividend payout ratio (DPR) is presently 35.74%.

Institutional Investors Weigh In On Steven Madden

Several large investors have recently made changes to their positions in SHOO. Gladius Capital Management LP bought a new position in Steven Madden during the third quarter valued at approximately $36,000. R Squared Ltd purchased a new stake in shares of Steven Madden during the 4th quarter worth approximately $55,000. Quarry LP boosted its position in shares of Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after acquiring an additional 1,110 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Steven Madden by 94.1% in the third quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker's stock valued at $79,000 after purchasing an additional 785 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Steven Madden by 4,800.0% in the third quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker's stock worth $94,000 after purchasing an additional 1,872 shares during the last quarter. 99.88% of the stock is owned by institutional investors.

Steven Madden Company Profile

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.