Steven Madden (SHOO) to Release Earnings on Wednesday

Steven Madden (NASDAQ:SHOO - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Steven Madden to post earnings of $0.56 per share for the quarter. Steven Madden has set its FY24 guidance at $2.55-2.65 EPS and its FY 2024 guidance at 2.550-2.650 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Steven Madden (NASDAQ:SHOO - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The textile maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. Steven Madden had a net margin of 8.67% and a return on equity of 21.61%. The firm had revenue of $519.71 million during the quarter, compared to analysts' expectations of $511.96 million. During the same period in the previous year, the company earned $0.44 earnings per share. The firm's quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts expect Steven Madden to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Steven Madden Stock Performance

Shares of SHOO traded up $0.76 during mid-day trading on Friday, hitting $40.48. 585,677 shares of the company traded hands, compared to its average volume of 787,986. The stock has a 50-day moving average price of $41.49 and a two-hundred day moving average price of $39.68. Steven Madden has a 1 year low of $29.92 and a 1 year high of $45.63. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 17.60 and a beta of 1.16.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. Steven Madden's payout ratio is 36.52%.

Insider Buying and Selling

In related news, CEO Edward R. Rosenfeld sold 48,500 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the completion of the transaction, the chief executive officer now owns 697,038 shares in the company, valued at $28,920,106.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Zine Mazouzi sold 7,246 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $41.66, for a total value of $301,868.36. Following the completion of the transaction, the chief financial officer now owns 68,785 shares of the company's stock, valued at approximately $2,865,583.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward R. Rosenfeld sold 48,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the completion of the transaction, the chief executive officer now directly owns 697,038 shares of the company's stock, valued at approximately $28,920,106.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,346 shares of company stock worth $2,464,841. 2.01% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating and set a $40.00 target price on shares of Steven Madden in a research report on Thursday, January 4th. Williams Trading restated a "hold" rating and set a $44.00 target price on shares of Steven Madden in a research report on Wednesday, February 21st. StockNews.com upgraded shares of Steven Madden from a "hold" rating to a "buy" rating in a research report on Thursday, February 29th. Wedbush upped their price target on shares of Steven Madden from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. Finally, Piper Sandler started coverage on shares of Steven Madden in a research report on Wednesday, February 14th. They issued a "neutral" rating and a $45.00 price target for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $41.38.

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.