Steven Madden, Ltd. to Post FY2024 Earnings of $2.62 Per Share, Zacks Research Forecasts (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO) – Analysts at Zacks Research increased their FY2024 earnings estimates for shares of Steven Madden in a note issued to investors on Wednesday, August 21st. Zacks Research analyst R. Department now forecasts that the textile maker will post earnings of $2.62 per share for the year, up from their previous forecast of $2.60. The consensus estimate for Steven Madden’s current full-year earnings is $2.62 per share. Zacks Research also issued estimates for Steven Madden’s Q2 2025 earnings at $0.62 EPS, Q2 2026 earnings at $0.67 EPS and FY2026 earnings at $3.12 EPS.

Other equities analysts have also issued reports about the company. Telsey Advisory Group restated a “market perform” rating and set a $44.00 target price on shares of Steven Madden in a research report on Wednesday, July 31st. Wedbush reissued a “neutral” rating and issued a $41.00 price objective on shares of Steven Madden in a research report on Wednesday, August 7th. Piper Sandler reissued a “neutral” rating and issued a $45.00 target price on shares of Steven Madden in a research note on Friday. Finally, BTIG Research upped their price objective on shares of Steven Madden from $50.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.29.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $45.16 on Monday. The company has a 50 day moving average of $43.41 and a 200-day moving average of $42.42. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 18.66 and a beta of 1.09. Steven Madden has a one year low of $30.35 and a one year high of $47.24.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, July 31st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $523.60 million for the quarter, compared to analyst estimates of $515.15 million. Steven Madden had a return on equity of 23.49% and a net margin of 8.36%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, September 13th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, September 13th. Steven Madden’s payout ratio is currently 34.71%.

Insider Buying and Selling

In other news, Director Peter Migliorini sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $43.81, for a total transaction of $131,430.00. Following the transaction, the director now owns 16,006 shares of the company’s stock, valued at approximately $701,222.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Rose Peabody Lynch sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $44.41, for a total value of $71,056.00. Following the completion of the sale, the director now owns 21,303 shares in the company, valued at approximately $946,066.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Migliorini sold 3,000 shares of Steven Madden stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $43.81, for a total value of $131,430.00. Following the completion of the transaction, the director now owns 16,006 shares in the company, valued at approximately $701,222.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,600 shares of company stock worth $651,586. 2.08% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in Steven Madden in the fourth quarter valued at about $32,000. Blue Trust Inc. boosted its stake in Steven Madden by 9,166.7% during the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock worth $35,000 after buying an additional 825 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Steven Madden in the 1st quarter worth about $47,000. International Assets Investment Management LLC grew its holdings in shares of Steven Madden by 4,100.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker’s stock worth $69,000 after purchasing an additional 1,599 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Steven Madden in the first quarter valued at approximately $81,000. 99.88% of the stock is currently owned by institutional investors.

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.