Steven Madden, Ltd. Expected to Post FY2024 Earnings of $2.62 Per Share (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) - Research analysts at Zacks Research upped their FY2024 EPS estimates for shares of Steven Madden in a research report issued on Wednesday, August 21st. Zacks Research analyst R. Department now expects that the textile maker will post earnings per share of $2.62 for the year, up from their previous estimate of $2.60. The consensus estimate for Steven Madden's current full-year earnings is $2.62 per share. Zacks Research also issued estimates for Steven Madden's Q2 2025 earnings at $0.62 EPS, Q2 2026 earnings at $0.67 EPS and FY2026 earnings at $3.12 EPS.

A number of other equities research analysts also recently issued reports on the stock. BTIG Research upped their price objective on shares of Steven Madden from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, June 6th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $44.00 target price on shares of Steven Madden in a report on Wednesday, July 31st. Piper Sandler reiterated a "neutral" rating and set a $45.00 price target on shares of Steven Madden in a report on Friday. Finally, Wedbush restated a "neutral" rating and issued a $41.00 price objective on shares of Steven Madden in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Steven Madden has a consensus rating of "Hold" and an average price target of $44.29.

Steven Madden Price Performance

Shares of NASDAQ SHOO remained flat at $45.16 during trading on Monday. 436,686 shares of the stock traded hands, compared to its average volume of 720,661. The company's 50 day moving average price is $43.41 and its two-hundred day moving average price is $42.42. Steven Madden has a 12-month low of $30.35 and a 12-month high of $47.24. The firm has a market capitalization of $3.31 billion, a P/E ratio of 18.76 and a beta of 1.09.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its earnings results on Wednesday, July 31st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $523.60 million for the quarter, compared to analysts' expectations of $515.15 million. Steven Madden had a return on equity of 23.49% and a net margin of 8.36%. Steven Madden's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share.

Hedge Funds Weigh In On Steven Madden

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Steven Madden in the 4th quarter valued at about $32,000. Blue Trust Inc. increased its position in shares of Steven Madden by 9,166.7% in the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker's stock worth $35,000 after purchasing an additional 825 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Steven Madden in the first quarter valued at approximately $47,000. International Assets Investment Management LLC raised its stake in Steven Madden by 4,100.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker's stock valued at $69,000 after purchasing an additional 1,599 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Steven Madden during the first quarter valued at approximately $81,000. Hedge funds and other institutional investors own 99.88% of the company's stock.

Insider Transactions at Steven Madden

In other Steven Madden news, Director Peter Migliorini sold 3,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $43.81, for a total transaction of $131,430.00. Following the completion of the transaction, the director now owns 16,006 shares in the company, valued at $701,222.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Rose Peabody Lynch sold 1,600 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $44.41, for a total transaction of $71,056.00. Following the sale, the director now owns 21,303 shares of the company's stock, valued at approximately $946,066.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Migliorini sold 3,000 shares of the firm's stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $43.81, for a total value of $131,430.00. Following the completion of the transaction, the director now owns 16,006 shares of the company's stock, valued at approximately $701,222.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,600 shares of company stock worth $651,586. 2.08% of the stock is owned by company insiders.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. Steven Madden's dividend payout ratio is presently 34.71%.

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.