FY2024 EPS Forecast for Steven Madden Increased by Analyst

Steven Madden, Ltd. (NASDAQ:SHOO) – Analysts at Zacks Research lifted their FY2024 earnings per share (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 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.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, November 7th. The textile maker reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $624.68 million during the quarter, compared to analysts’ expectations of $607.89 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS.

Several other analysts have also weighed in on the company. Needham & Company LLC initiated coverage on Steven Madden in a report on Friday, November 22nd. They set a “hold” rating on the stock. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Sunday, November 24th. Piper Sandler restated 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 set a $41.00 target price on shares of Steven Madden in a research report on Wednesday, August 7th. Finally, 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 report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.43.

Steven Madden Stock Up 1.3 %

SHOO stock opened at $46.18 on Monday. The business’s 50-day simple moving average is $46.07 and its 200 day simple moving average is $44.55. The company has a market cap of $3.33 billion, a PE ratio of 19.66 and a beta of 1.08. Steven Madden has a twelve month low of $37.99 and a twelve month high of $50.01.

Steven Madden Announces Dividend

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

Institutional Trading of Steven Madden

Several large investors have recently added to or reduced their stakes in SHOO. Harbor Capital Advisors Inc. boosted its holdings in shares of Steven Madden by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 48,840 shares of the textile maker’s stock worth $2,066,000 after acquiring an additional 35,761 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Steven Madden by 36.9% during the first quarter. Jane Street Group LLC now owns 183,423 shares of the textile maker’s stock worth $7,755,000 after purchasing an additional 49,432 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Steven Madden during the third quarter worth $2,614,000. Nicholas Investment Partners LP acquired a new stake in shares of Steven Madden in the second quarter valued at $4,863,000. Finally, Vest Financial LLC bought a new position in shares of Steven Madden in the second quarter valued at about $1,074,000. 99.88% of the stock is 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.