Zacks Research Comments on Steven Madden FY2027 Earnings

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

Several other equities analysts have also recently weighed in on the company. Piper Sandler decreased their price objective on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Telsey Advisory Group decreased their price target on Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Loop Capital dropped their price target on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.33.

Steven Madden Trading Down 3.7 %

Shares of SHOO opened at $25.03 on Friday. Steven Madden has a 12 month low of $24.56 and a 12 month high of $50.01. The firm has a fifty day simple moving average of $35.59 and a 200 day simple moving average of $41.71. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.65 and a beta of 1.06.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $582.32 million during the quarter, compared to the consensus estimate of $550.37 million.

Steven Madden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Monday, March 10th. Steven Madden’s dividend payout ratio (DPR) is presently 35.74%.

Hedge Funds Weigh In On Steven Madden

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Steven Madden by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker’s stock valued at $344,299,000 after purchasing an additional 54,877 shares during the period. State Street Corp raised its holdings in Steven Madden by 1.7% in the 3rd quarter. State Street Corp now owns 2,756,075 shares of the textile maker’s stock valued at $135,020,000 after acquiring an additional 47,017 shares during the period. First Trust Advisors LP raised its holdings in Steven Madden by 36.9% in the 4th quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker’s stock valued at $85,135,000 after acquiring an additional 539,738 shares during the period. Invesco Ltd. lifted its position in Steven Madden by 8.6% during the fourth quarter. Invesco Ltd. now owns 1,745,456 shares of the textile maker’s stock worth $74,217,000 after acquiring an additional 138,065 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Steven Madden during the fourth quarter worth approximately $72,795,000. 99.88% of the stock is 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.