Steven Madden (SHOO) to Release Earnings on Wednesday

Steven Madden (NASDAQ:SHOO - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Steven Madden to post earnings of $0.53 per share and revenue of $550.56 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Steven Madden Stock Down 1.2 %

SHOO stock traded down $0.47 during trading hours on Friday, hitting $38.23. The company's stock had a trading volume of 721,627 shares, compared to its average volume of 699,280. The stock has a 50 day moving average price of $40.94 and a two-hundred day moving average price of $43.77. Steven Madden has a 12 month low of $36.40 and a 12 month high of $50.01. The company has a market capitalization of $2.76 billion, a PE ratio of 16.27 and a beta of 1.07.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden's dividend payout ratio is presently 35.74%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup reduced their price target on Steven Madden from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Needham & Company LLC reissued a "hold" rating on shares of Steven Madden in a research note on Thursday, February 13th. StockNews.com cut Steven Madden from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Telsey Advisory Group reiterated a "market perform" rating and set a $44.00 price target on shares of Steven Madden in a report on Friday, February 14th. Finally, Piper Sandler reduced their price objective on shares of Steven Madden from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $43.33.

About Steven Madden

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.