Steven Madden FY2024 EPS Forecast Raised by Zacks Research

Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) - Zacks Research boosted their FY2024 EPS estimates for shares of Steven Madden in a research note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the textile maker will earn $2.66 per share for the year, up from their previous estimate of $2.62. The consensus estimate for Steven Madden's current full-year earnings is $2.66 per share. Zacks Research also issued estimates for Steven Madden's Q4 2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.95 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $1.10 EPS and FY2026 earnings at $3.16 EPS.

Other equities analysts also recently issued research reports about the company. Telsey Advisory Group restated a "market perform" rating and issued a $50.00 price objective on shares of Steven Madden in a report on Wednesday, November 13th. Citigroup increased their price target on shares of Steven Madden from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $45.00 price objective on shares of Steven Madden in a research note on Friday, August 23rd. Wedbush reiterated a "neutral" rating and issued a $41.00 price objective on shares of Steven Madden in a report on Wednesday, August 7th. Finally, Needham & Company LLC began coverage on Steven Madden in a report on Friday, November 22nd. They set a "hold" rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.43.

Steven Madden Trading Up 1.3 %

SHOO stock traded up $0.60 during mid-day trading on Monday, hitting $46.18. The stock had a trading volume of 954,866 shares, compared to its average volume of 709,682. Steven Madden has a 1-year low of $37.99 and a 1-year high of $50.01. The company has a fifty day moving average of $46.07 and a 200 day moving average of $44.55. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 19.66 and a beta of 1.08.

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

Institutional Trading of Steven Madden

Several hedge funds have recently added to or reduced their stakes in SHOO. Mackenzie Financial Corp boosted its holdings in Steven Madden by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 8,232 shares of the textile maker's stock valued at $348,000 after purchasing an additional 248 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Steven Madden by 1.2% in the third quarter. Louisiana State Employees Retirement System now owns 35,100 shares of the textile maker's stock valued at $1,720,000 after buying an additional 400 shares during the period. The Manufacturers Life Insurance Company grew its position in Steven Madden by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 40,141 shares of the textile maker's stock worth $1,698,000 after buying an additional 484 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Steven Madden by 7.4% during the second quarter. AlphaMark Advisors LLC now owns 7,785 shares of the textile maker's stock valued at $329,000 after acquiring an additional 535 shares during the period. Finally, KBC Group NV increased its stake in Steven Madden by 34.1% during the third quarter. KBC Group NV now owns 2,208 shares of the textile maker's stock valued at $108,000 after acquiring an additional 561 shares during the period. Institutional investors own 99.88% of the company's stock.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, December 13th. Steven Madden's dividend payout ratio (DPR) is 35.74%.

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.