Steven Madden (SHOO) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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7 analysts have issued 12-month target prices for Steven Madden's shares. Their SHOO share price forecasts range from $29.00 to $41.00. On average, they expect the company's stock price to reach $36.33 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
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Steven Madden's stock was trading at $31.96 on January 1st, 2023. Since then, SHOO stock has decreased by 3.4% and is now trading at $30.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SHOO earnings forecast.

Steven Madden, Ltd. (NASDAQ:SHOO) issued its quarterly earnings data on Wednesday, August, 2nd. The textile maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by $0.01. The textile maker had revenue of $442.84 million for the quarter, compared to analyst estimates of $454.24 million. Steven Madden had a trailing twelve-month return on equity of 19.87% and a net margin of 8.50%.

Steven Madden announced a quarterly dividend on Thursday, September 14th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.21 per share on Monday, September 25th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, September 14th.
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 (NASDAQ:SHOO) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.72%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHOO will have a dividend payout ratio of 30.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHOO.

Steven Madden's stock split before market open on Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly issued shares were payable 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 FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $2.40-$2.50 for the period, compared to the consensus earnings per share estimate of $2.44. The company issued revenue guidance of $1.95 billion-$1.98 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 trades on the NASDAQ under the ticker symbol "SHOO."

Steven Madden's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.20%), State Street Corp (3.67%), Dimensional Fund Advisors LP (3.07%), Boston Partners (2.20%), Geode Capital Management LLC (1.96%) and Capital Research Global Investors (1.80%). 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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One share of SHOO stock can currently be purchased for approximately $30.86.

Steven Madden (NASDAQ:SHOO) has a market capitalization of $2.32 billion and generates $2.12 billion in revenue each year. The textile maker earns $216.06 million in net income (profit) each year or $2.15 on an earnings per share basis.

The company employs 4,000 workers across the globe.

Steven Madden's mailing address is 52-16 BARNETT AVENUE, LONG ISLAND CITY NY, 11104. The official website for the company is www.stevemadden.com. The textile maker can be reached via phone at (718) 446-1800, via email at daniellemccoy@stevemadden.com, or via fax at 718-446-5655.