Steven Madden (SHOO) to Release Quarterly Earnings on Wednesday

Steven Madden (NASDAQ:SHOO) is anticipated to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Steven Madden to post earnings of $0.53 per share and revenue of $550.37 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Steven Madden Price Performance

NASDAQ:SHOO opened at $38.53 on Tuesday. The company has a market cap of $2.78 billion, a P/E ratio of 16.40 and a beta of 1.07. The stock’s fifty day moving average price is $40.72 and its two-hundred day moving average price is $43.73. Steven Madden has a 1 year low of $36.40 and a 1 year high of $50.01.

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.18%. Steven Madden’s dividend payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

SHOO has been the topic of a number of recent analyst reports. Piper Sandler lowered their price objective on Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $44.00 price objective on shares of Steven Madden in a research report on Friday, February 14th. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. Finally, Citigroup lowered their price objective on Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.20.

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.