Steven Madden's (SHOO) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Steven Madden (NASDAQ:SHOO - Free Report) in a research report sent to investors on Friday,Benzinga reports. Telsey Advisory Group currently has a $44.00 price target on the textile maker's stock. Telsey Advisory Group also issued estimates for Steven Madden's Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.89 EPS.

A number of other equities analysts have also recently commented on SHOO. StockNews.com cut shares of Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. 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 report on Tuesday, February 4th. Citigroup cut their price target on shares of Steven Madden from $45.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $43.33.

Steven Madden Stock Performance

NASDAQ:SHOO traded up $0.07 during trading hours on Friday, reaching $39.70. The company's stock had a trading volume of 898,912 shares, compared to its average volume of 711,162. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.89 and a beta of 1.07. The firm has a 50-day simple moving average of $41.13 and a 200-day simple moving average of $43.84. Steven Madden has a 1 year low of $36.40 and a 1 year high of $50.01.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden's payout ratio is 35.74%.

Institutional Investors Weigh In On Steven Madden

Large investors have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in shares of Steven Madden during the 3rd quarter valued at about $36,000. R Squared Ltd bought a new stake in shares of Steven Madden during the 4th quarter valued at about $55,000. Exchange Traded Concepts LLC bought a new stake in shares of Steven Madden during the 3rd quarter valued at about $59,000. Quarry LP boosted its stake 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 purchasing an additional 1,110 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Steven Madden by 94.1% during the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker's stock valued at $79,000 after acquiring an additional 785 shares during the period. Institutional investors own 99.88% of the company's stock.

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.