Steven Madden, Ltd. Expected to Earn Q1 2024 Earnings of $0.52 Per Share (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOOFree Report) – Equities research analysts at Wedbush dropped their Q1 2024 EPS estimates for shares of Steven Madden in a report issued on Tuesday, February 6th. Wedbush analyst T. Nikic now forecasts that the textile maker will post earnings per share of $0.52 for the quarter, down from their prior forecast of $0.53. Wedbush currently has a “Neutral” rating and a $38.00 target price on the stock. The consensus estimate for Steven Madden’s current full-year earnings is $2.40 per share. Wedbush also issued estimates for Steven Madden’s Q2 2024 earnings at $0.53 EPS.

Steven Madden (NASDAQ:SHOOGet Free Report) last announced its earnings results on Wednesday, November 8th. The textile maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $552.73 million during the quarter, compared to the consensus estimate of $548.98 million. Steven Madden had a net margin of 8.68% and a return on equity of 20.30%. Steven Madden’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS.

SHOO has been the subject of several other research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 target price on shares of Steven Madden in a report on Thursday, January 4th. Citigroup downgraded shares of Steven Madden from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Wednesday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $39.00 price objective on shares of Steven Madden in a report on Wednesday, November 15th. Seven 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 company currently has a consensus rating of “Hold” and a consensus target price of $38.14.

Read Our Latest Analysis on SHOO

Steven Madden Stock Performance

Shares of SHOO stock opened at $40.23 on Thursday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 18.04 and a beta of 1.17. The company has a 50-day simple moving average of $41.62 and a 200 day simple moving average of $36.49. Steven Madden has a 52 week low of $29.92 and a 52 week high of $44.23.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, December 14th. Steven Madden’s dividend payout ratio (DPR) is currently 37.67%.

Institutional Trading of Steven Madden

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in shares of Steven Madden during the 4th quarter worth $32,000. Belpointe Asset Management LLC lifted its position in shares of Steven Madden by 83.9% during the 1st quarter. Belpointe Asset Management LLC now owns 997 shares of the textile maker’s stock worth $36,000 after buying an additional 455 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Steven Madden by 312.3% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,542 shares of the textile maker’s stock worth $49,000 after buying an additional 1,168 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Steven Madden during the 1st quarter worth $56,000. Finally, International Assets Investment Management LLC lifted its position in shares of Steven Madden by 4,100.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker’s stock worth $69,000 after buying an additional 1,599 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

About Steven Madden

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Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, First Cost, and Licensing segments.

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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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