Steven Madden (NASDAQ:SHOO - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.62-2.67 for the period, compared to the consensus EPS estimate of $2.64. The company issued revenue guidance of $2.24-2.26 billion, compared to the consensus revenue estimate of $2.23 billion. Steven Madden also updated its FY 2024 guidance to 2.620-2.670 EPS.
Analyst Ratings Changes
Several brokerages have recently issued reports on SHOO. StockNews.com upgraded shares of Steven Madden from a "hold" rating to a "buy" rating in a report on Wednesday, September 18th. Telsey Advisory Group restated a "market perform" rating and issued a $50.00 target price on shares of Steven Madden in a report on Thursday. Piper Sandler restated a "neutral" rating and issued a $45.00 target price on shares of Steven Madden in a report on Friday, August 23rd. Finally, Wedbush restated a "neutral" rating and issued a $41.00 target price on shares of Steven Madden in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.14.
Check Out Our Latest Research Report on Steven Madden
Steven Madden Stock Up 3.1 %
NASDAQ:SHOO traded up $1.37 during midday trading on Thursday, reaching $45.60. The stock had a trading volume of 1,558,938 shares, compared to its average volume of 704,588. The firm has a fifty day simple moving average of $46.40 and a two-hundred day simple moving average of $44.12. Steven Madden has a 12-month low of $32.65 and a 12-month high of $50.01. The stock has a market cap of $3.31 billion, a P/E ratio of 17.92 and a beta of 1.08.
Steven Madden Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Friday, September 13th. Steven Madden's dividend payout ratio (DPR) is currently 34.29%.
About Steven Madden
(
Get Free Report)
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.
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