FY2025 EPS Estimates for Steven Madden Cut by Analyst

Key Points

• Analysts at Telsey Advisory Group have reduced their FY2025 EPS estimates for Steven Madden from $1.70 to $1.42, maintaining a "Market Perform" rating and a price target of $26.00.
• Steven Madden reported a quarterly EPS of $0.20, below the consensus estimate of $0.24, with revenue of $556.09 million, which was also short of expectations.
• The company announced a quarterly dividend of $0.21 per share, yielding approximately 3.6%, with a record date for shareholders on September 12th.

Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) - Analysts at Telsey Advisory Group cut their FY2025 earnings per share (EPS) estimates for shares of Steven Madden in a research note issued on Thursday, July 31st. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings of $1.42 per share for the year, down from their prior forecast of $1.70. Telsey Advisory Group has a "Market Perform" rating and a $26.00 price objective on the stock. The consensus estimate for Steven Madden's current full-year earnings is $2.66 per share.

A number of other analysts have also recently commented on SHOO. UBS Group lifted their target price on Steven Madden from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Piper Sandler dropped their price target on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup upgraded Steven Madden from a "neutral" rating to a "buy" rating and boosted their price target for the company from $26.00 to $32.00 in a research report on Thursday, July 17th. Finally, Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research report on Wednesday, July 30th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $30.83.

Steven Madden Stock Down 2.0%

SHOO opened at $23.52 on Monday. The business's 50-day simple moving average is $24.99 and its 200-day simple moving average is $27.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 2.01. Steven Madden has a one year low of $19.05 and a one year high of $50.01. The stock has a market capitalization of $1.71 billion, a P/E ratio of 18.52 and a beta of 1.16.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The textile maker reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%. The firm had revenue of $556.09 million for the quarter, compared to analyst estimates of $575.83 million. During the same quarter last year, the firm posted $0.57 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 12th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 12th. Steven Madden's dividend payout ratio is currently 66.14%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Steven Madden by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 8,316,124 shares of the textile maker's stock worth $221,542,000 after purchasing an additional 218,785 shares during the period. Wellington Management Group LLP increased its holdings in shares of Steven Madden by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 4,802,603 shares of the textile maker's stock worth $127,941,000 after buying an additional 84,570 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Steven Madden by 4.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,452,407 shares of the textile maker's stock worth $65,333,000 after buying an additional 106,028 shares during the period. First Trust Advisors LP raised its position in shares of 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 worth $85,135,000 after buying an additional 539,738 shares during the period. Finally, Invesco Ltd. raised its position in shares of Steven Madden by 8.6% in the 4th quarter. Invesco Ltd. now owns 1,745,456 shares of the textile maker's stock worth $74,217,000 after buying an additional 138,065 shares during the period. Hedge funds and other institutional investors own 99.88% of the company's stock.

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.

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