Steven Madden (NASDAQ:SHOO) Given Buy Rating at BTIG Research

by · The Markets Daily

Steven Madden (NASDAQ:SHOO – Get Free Report)‘s stock had its “buy” rating reiterated by BTIG Research in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $50.00 target price on the textile maker’s stock. BTIG Research’s price target would indicate a potential upside of 14.16% from the stock’s current price.

A number of other research firms have also weighed in on SHOO. Jefferies Financial Group lowered shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Thursday, February 5th. Williams Trading set a $48.00 target price on shares of Steven Madden in a research report on Tuesday, March 10th. UBS Group reissued a “neutral” rating and set a $40.00 target price (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Needham & Company LLC boosted their target price on shares of Steven Madden from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.88.

Get Our Latest Report on Steven Madden

Steven Madden Stock Down 1.1%

SHOO stock opened at $43.80 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. Steven Madden has a 1 year low of $22.26 and a 1 year high of $46.88. The company has a fifty day simple moving average of $38.44 and a 200 day simple moving average of $39.70. The firm has a market cap of $3.20 billion, a PE ratio of 41.71 and a beta of 1.15.

Steven Madden (NASDAQ:SHOO – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business had revenue of $653.10 million during the quarter, compared to analyst estimates of $646.64 million. During the same quarter in the previous year, the business earned $0.60 EPS. Steven Madden’s quarterly revenue was up 18.0% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. Sell-side analysts anticipate that Steven Madden will post 2.09 EPS for the current fiscal year.

Insider Activity at Steven Madden

In other news, Director Arian Simone Reed sold 3,600 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $33.44, for a total transaction of $120,384.00. Following the completion of the transaction, the director owned 8,705 shares of the company’s stock, valued at approximately $291,095.20. This represents a 29.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SHOO. EverSource Wealth Advisors LLC raised its position in shares of Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after buying an additional 485 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Steven Madden during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Steven Madden during the third quarter valued at about $31,000. Global Retirement Partners LLC raised its position in shares of Steven Madden by 1,064.3% during the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after buying an additional 745 shares during the last quarter. Finally, First Horizon Corp raised its position in shares of Steven Madden by 55.1% during the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden Company Profile

(Get Free Report)

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.

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