Steven Madden (NASDAQ:SHOO) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Steven Madden (NASDAQ:SHOO) in a research note issued to investors on Friday, Benzinga reports. They currently have 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 $0.64 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.99 EPS and Q4 2025 earnings at $0.65 EPS.

Several other equities research analysts have also recently issued reports on the stock. Citigroup lifted their target price on shares of Steven Madden from $41.00 to $43.00 and gave the stock a neutral rating in a research note on Thursday, February 29th. StockNews.com upgraded Steven Madden from a hold rating to a buy rating in a report on Thursday, February 29th. Wedbush lifted their price target on Steven Madden from $36.00 to $38.00 and gave the stock a neutral rating in a report on Wednesday, February 7th. Piper Sandler started coverage on Steven Madden in a report on Wednesday, February 14th. They set a neutral rating and a $45.00 price target on the stock. Finally, Williams Trading reiterated a hold rating and set a $44.00 price target on shares of Steven Madden in a report on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Steven Madden presently has a consensus rating of Hold and a consensus target price of $41.38.

Steven Madden Stock Up 1.9 %

Shares of SHOO opened at $40.48 on Friday. Steven Madden has a 52-week low of $29.92 and a 52-week high of $45.63. The firm’s fifty day moving average is $41.49 and its two-hundred day moving average is $39.68. The stock has a market cap of $2.97 billion, a PE ratio of 17.60 and a beta of 1.16.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, February 28th. The textile maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Steven Madden had a net margin of 8.67% and a return on equity of 21.61%. The company had revenue of $519.71 million for the quarter, compared to analysts’ expectations of $511.96 million. During the same quarter in the previous year, the company posted $0.44 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts anticipate that Steven Madden will post 2.61 earnings per share for the current year.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.08%. Steven Madden’s dividend payout ratio (DPR) is currently 36.52%.

Insider Activity at Steven Madden

In related news, Director Peter Allan Davis sold 1,200 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.13, for a total value of $50,556.00. Following the sale, the director now directly owns 5,751 shares in the company, valued at approximately $242,289.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Steven Madden news, CFO Zine Mazouzi sold 7,246 shares of Steven Madden stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $41.66, for a total value of $301,868.36. Following the completion of the transaction, the chief financial officer now directly owns 68,785 shares of the company’s stock, valued at approximately $2,865,583.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Allan Davis sold 1,200 shares of Steven Madden stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.13, for a total value of $50,556.00. Following the completion of the transaction, the director now directly owns 5,751 shares of the company’s stock, valued at $242,289.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,346 shares of company stock worth $2,464,841. Company insiders own 2.01% of the company’s stock.

Hedge Funds Weigh In On Steven Madden

Several institutional investors have recently bought and sold shares of SHOO. abrdn plc acquired a new position in Steven Madden in the 4th quarter valued at about $20,351,000. Norges Bank acquired a new position in Steven Madden in the 4th quarter valued at about $19,846,000. Victory Capital Management Inc. grew its position in Steven Madden by 52.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,319,809 shares of the textile maker’s stock valued at $41,930,000 after acquiring an additional 456,412 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Steven Madden by 348.9% during the third quarter. Lazard Asset Management LLC now owns 447,018 shares of the textile maker’s stock worth $14,201,000 after buying an additional 347,431 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Steven Madden by 30.7% during the fourth quarter. Pacer Advisors Inc. now owns 1,469,956 shares of the textile maker’s stock worth $61,738,000 after buying an additional 345,558 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

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.