FY2024 EPS Estimates for Steven Madden Boosted by Analyst

Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) - Equities researchers at Telsey Advisory Group increased their FY2024 earnings estimates for shares of Steven Madden in a report issued on Friday, November 8th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will post earnings of $2.67 per share for the year, up from their previous forecast of $2.65. Telsey Advisory Group has a "Market Perform" rating and a $50.00 price objective on the stock. The consensus estimate for Steven Madden's current full-year earnings is $2.65 per share. Telsey Advisory Group also issued estimates for Steven Madden's Q4 2024 earnings at $0.54 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $3.04 EPS.

Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The company had revenue of $624.68 million for the quarter, compared to analysts' expectations of $607.89 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm's revenue for the quarter was up 13.0% on a year-over-year basis.

A number of other brokerages have also commented on SHOO. Wedbush reaffirmed a "neutral" rating and set a $41.00 target price on shares of Steven Madden in a research report on Wednesday, August 7th. Citigroup raised their price objective on Steven Madden from $43.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday. Piper Sandler reiterated a "neutral" rating and issued a $45.00 target price on shares of Steven Madden in a report on Friday, August 23rd. Finally, StockNews.com downgraded Steven Madden from a "buy" rating to a "hold" rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $45.43.

Steven Madden Trading Up 0.5 %

Shares of SHOO stock traded up $0.24 on Monday, reaching $44.87. 545,366 shares of the company's stock were exchanged, compared to its average volume of 706,780. The company's fifty day simple moving average is $46.41 and its 200 day simple moving average is $44.22. Steven Madden has a 52 week low of $33.07 and a 52 week high of $50.01. The stock has a market capitalization of $3.26 billion, a PE ratio of 18.99 and a beta of 1.08.

Hedge Funds Weigh In On Steven Madden

A number of institutional investors have recently bought and sold shares of SHOO. Blue Trust Inc. increased its position in shares of Steven Madden by 9,166.7% during the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker's stock valued at $35,000 after acquiring an additional 825 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Steven Madden in the third quarter valued at approximately $36,000. Exchange Traded Concepts LLC acquired a new position in Steven Madden during the third quarter worth $59,000. GAMMA Investing LLC boosted its position in shares of Steven Madden by 80.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the textile maker's stock worth $65,000 after buying an additional 593 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Steven Madden in the first quarter valued at $81,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. Steven Madden's dividend payout ratio is presently 35.74%.

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.