Steven Madden Stock Price, News & Analysis (NASDAQ:SHOO)

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SHOO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOO, but not buy additional shares or sell existing shares.
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6 analysts have issued 12 month price targets for Steven Madden's shares. Their SHOO share price targets range from $32.00 to $41.00. On average, they expect the company's share price to reach $37.50 in the next year. This suggests that the stock has a possible downside of 1.0%.
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Steven Madden's stock was trading at $31.96 at the beginning of the year. Since then, SHOO stock has increased by 18.5% and is now trading at $37.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Steven Madden, Ltd. (NASDAQ:SHOO) posted its quarterly earnings results on Wednesday, November, 8th. The textile maker reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The textile maker earned $552.73 million during the quarter, compared to analyst estimates of $548.98 million. Steven Madden had a net margin of 8.68% and a trailing twelve-month return on equity of 20.30%. Steven Madden's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share.

Steven Madden declared a quarterly dividend on Tuesday, November 28th. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share on Friday, December 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for SHOO.

Steven Madden (NASDAQ:SHOO) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.22%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHOO will have a dividend payout ratio of 30.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHOO.

ETFs with the largest weight of Steven Madden (NASDAQ:SHOO) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Nuveen Small Cap Select ETF (NSCS), Invesco S&P SmallCap Quality ETF (XSHQ), AdvisorShares Insiders Advantage ETF (SURE), JPMorgan Active Small Cap Value ETF (JPSV), Pacer US Small Cap Cash Cows 100 ETF (CALF), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and iShares S&P Small-Cap 600 Value ETF (IJS).

Shares of Steven Madden split on Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly created shares were distributed to shareholders after the closing bell on Thursday, October 11th 2018. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Steven Madden issued an update on its FY23 earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of approx $2.40 for the period, compared to the consensus EPS estimate of $2.45. The company issued revenue guidance of approx $1.97 billion, compared to the consensus revenue estimate of $1.96 billion.

138 employees have rated Steven Madden Chief Executive Officer Ed Rosenfeld on Glassdoor.com. Ed Rosenfeld has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Steven Madden investors own include Intel (INTC), Pfizer (PFE), AbbVie (ABBV), International Business Machines (IBM), Altria Group (MO), Verizon Communications (VZ), Caterpillar (CAT), Edwards Lifesciences (EW), General Motors (GM) and Lockheed Martin (LMT).

Steven Madden's stock is owned by a number of retail and institutional investors. Top institutional investors include Boston Partners (2.13%), Victory Capital Management Inc. (1.75%), Allspring Global Investments Holdings LLC (1.61%), Morgan Stanley (1.52%), Invesco Ltd. (1.36%) and Charles Schwab Investment Management Inc. (1.33%). Insiders that own company stock include Amelia Varela, Awadhesh K Sinha, Awadhesh K Sinha, Edward R Rosenfeld, Karla Frieders, Peter Migliorini, Robert Garrett Smith and Zine Mazouzi.
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Shares of SHOO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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