Brokers Offer Predictions for Steven Madden FY2024 Earnings

Steven Madden, Ltd. (NASDAQ:SHOO) – Equities research analysts at Zacks Research boosted their FY2024 EPS estimates for Steven Madden in a note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now expects that the textile maker will post earnings of $2.66 per share for the year, up from their prior 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 analysts also recently issued reports about the company. Piper Sandler reiterated a “neutral” rating and issued a $45.00 price target on shares of Steven Madden in a report on Friday, August 23rd. Citigroup increased their target price on Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wedbush reissued a “neutral” rating and set a $41.00 price target on shares of Steven Madden in a research report on Wednesday, August 7th. Needham & Company LLC assumed coverage on shares of Steven Madden in a research report on Friday, November 22nd. They issued a “hold” rating for the company. Finally, StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Sunday, November 24th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Steven Madden has an average rating of “Hold” and a consensus target price of $45.43.

Steven Madden Stock Down 0.4 %

Shares of SHOO stock opened at $46.01 on Monday. Steven Madden has a fifty-two week low of $37.99 and a fifty-two week high of $50.01. The firm’s 50 day moving average price is $46.03 and its two-hundred day moving average price is $44.58. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 19.58 and a beta of 1.07.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $607.89 million. During the same period last year, the business posted $0.88 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, December 13th. Steven Madden’s dividend payout ratio is currently 35.74%.

Hedge Funds Weigh In On Steven Madden

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Steven Madden by 9,166.7% in 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 period. Gladius Capital Management LP bought a new stake in shares of Steven Madden in the 3rd quarter worth approximately $36,000. Exchange Traded Concepts LLC bought a new position in Steven Madden during the 3rd quarter worth $59,000. GAMMA Investing LLC grew its stake in Steven Madden by 80.6% during the 3rd 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 last quarter. Finally, International Assets Investment Management LLC increased its position in Steven Madden by 4,800.0% in the third quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock worth $94,000 after buying an additional 1,872 shares during the period. 99.88% of the stock is currently owned by institutional investors.

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.