Brokers Offer Predictions for Steven Madden FY2027 Earnings

Steven Madden, Ltd. (NASDAQ:SHOO) – Analysts at Zacks Research issued their FY2027 earnings per share estimates for Steven Madden in a research report issued on Wednesday, March 19th. Zacks Research analyst R. Department forecasts that the textile maker will post earnings per share of $2.73 for the year. The consensus estimate for Steven Madden’s current full-year earnings is $2.66 per share.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 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 $582.32 million for the quarter, compared to analyst estimates of $550.37 million.

SHOO has been the topic of a number of other research reports. Telsey Advisory Group dropped their target price on Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, February 27th. Loop Capital decreased their price target on Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. Citigroup decreased their price target on Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.33.

Steven Madden Stock Down 3.7 %

SHOO stock opened at $25.03 on Friday. Steven Madden has a twelve month low of $24.56 and a twelve month high of $50.01. The stock’s 50 day moving average is $35.59 and its 200-day moving average is $41.69. The firm has a market capitalization of $1.81 billion, a PE ratio of 10.65 and a beta of 1.06.

Institutional Trading of Steven Madden

A number of large investors have recently bought and sold shares of SHOO. R Squared Ltd purchased a new stake in Steven Madden in the fourth quarter worth $55,000. Quarry LP increased its position in Steven Madden by 403.6% in the fourth quarter. Quarry LP now owns 1,385 shares of the textile maker’s stock worth $59,000 after buying an additional 1,110 shares during the last quarter. Blue Trust Inc. increased its position in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after buying an additional 339 shares during the last quarter. KBC Group NV increased its position in Steven Madden by 34.1% in the third quarter. KBC Group NV now owns 2,208 shares of the textile maker’s stock worth $108,000 after buying an additional 561 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Steven Madden by 21.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,171 shares of the textile maker’s stock worth $176,000 after buying an additional 741 shares during the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Monday, March 10th. Steven Madden’s dividend payout ratio is currently 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.