Steven Madden, Ltd. (NASDAQ: SHOO) has been given a “Hold” rating by analysts, according to reports from Marketbeat Ratings. Out of the seven research firms covering the stock, six have rated it as a hold, while one has given it a buy rating. The average target price for the stock over the next 12 months, based on updates from brokerages, is $43.38.
Recent reports from analysts include Williams Trading reaffirming a “hold” rating with a $44.00 price target on February 21st, Wedbush reiterating a “neutral” rating with a $41.00 price objective on May 17th, and BTIG Research increasing their price target from $50.00 to $53.00 and giving the company a “buy” rating on June 6th. StockNews.com also upgraded Steven Madden from a “hold” to a “buy” rating on February 29th. Telsey Advisory Group maintained a “market perform” rating with a $44.00 price target on April 26th.
In terms of insider trading, Karla Frieders, an insider at Steven Madden, sold 10,000 shares of the company’s stock on June 3rd at an average price of $44.91, totaling $449,100. Following this sale, Frieders now holds 86,658 shares valued at $3,891,810.78. Additionally, Director Rose Peabody Lynch sold 1,600 shares on June 5th at an average price of $44.41, totaling $71,056. Lynch now holds 21,303 shares valued at approximately $946,066.23. In the last 90 days, insiders have sold a total of 14,600 shares worth $651,586, representing 2.08% of the company’s stock.
On the institutional side, large investors have been adjusting their stakes in Steven Madden. GAMMA Investing LLC acquired a new stake during the fourth quarter, Fidelis Capital Partners LLC bought a new position in the first quarter, and International Assets Investment Management LLC increased its stake by 4,100.0% in the fourth quarter. EntryPoint Capital LLC also acquired a new position in the first quarter, while Covestor Ltd raised its stake by 32.9% in the third quarter. Currently, 99.88% of the stock is owned by institutional investors.
Steven Madden’s stock opened at $43.71 on Friday, with a market cap of $3.21 billion and a price-to-earnings ratio of 18.06. The company has a beta of 1.12, a fifty-day simple moving average of $41.58, and a 200-day simple moving average of $41.77. The stock has ranged from a low of $30.35 to a high of $45.91 over the past 52 weeks. In its latest quarterly earnings report on May 1st, Steven Madden exceeded analysts’ expectations with an EPS of $0.65, higher by $0.09. The company reported a return on equity of 22.68% and a net margin of 8.65%. Revenue for the quarter was $552.38 million, surpassing the consensus estimate of $525.04 million.
Steven Madden recently announced a quarterly dividend to be paid on June 21st, with shareholders of record on June 10th receiving a $0.21 dividend. The ex-dividend date is also on June 10th, resulting in an annualized dividend of $0.84 and a dividend yield of 1.92%. The company’s current payout ratio is 34.71%.
Steven Madden, Ltd. designs, sources, and markets fashion-forward footwear, accessories, and apparel both in the U.S. and internationally. It operates through various segments, including Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to-Consumer, and Licensing. The Wholesale Footwear segment offers a range of products under different brand names such as Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein.
While Steven Madden currently holds a “Hold” rating among analysts, there are other stocks that top analysts are recommending as better buys. It’s essential to consider all available information and consult with financial advisors before making any investment decisions.