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

6 Wall Street 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 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 brokers have issued twelve-month price objectives for Steven Madden's stock. Their SHOO share price targets range from $32.00 to $41.00. On average, they predict the company's share price to reach $37.50 in the next year. This suggests that the stock has a possible downside of 5.5%.
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Steven Madden's stock was trading at $31.96 on January 1st, 2023. Since then, SHOO stock has increased by 24.1% and is now trading at $39.67.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our SHOO earnings forecast.

Steven Madden, Ltd. (NASDAQ:SHOO) announced its quarterly earnings data on Wednesday, November, 8th. The textile maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The textile maker earned $552.73 million during the quarter, compared to the consensus estimate of $548.98 million. Steven Madden had a trailing twelve-month return on equity of 20.30% and a net margin of 8.68%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share.

Steven Madden announced a quarterly dividend on Sunday, December 3rd. Stockholders of record on Friday, December 15th will be paid 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 2.12%. 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 2.16%. 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).

Steven Madden's stock split on the morning of Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly created shares were payable to shareholders after the market closes 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 updated its FY23 earnings guidance on Wednesday, November, 8th. The company provided EPS guidance of approx $2.40 for the period, compared to the consensus earnings per share 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 many different retail and institutional investors. Top institutional investors include Wellington Management Group LLP (8.40%), Boston Partners (2.13%), Victory Capital Management Inc. (1.75%), Allspring Global Investments Holdings LLC (1.61%), Morgan Stanley (1.52%) and Invesco Ltd. (1.36%). 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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