Steven Madden - SHOO Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SHOO shares.
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10 analysts have issued 12 month price objectives for Steven Madden's stock. Their SHOO share price forecasts range from $29.00 to $60.00. On average, they predict the company's share price to reach $40.88 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
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Steven Madden's stock was trading at $46.47 at the start of the year. Since then, SHOO shares have decreased by 24.6% and is now trading at $35.05.
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Steven Madden saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 3,440,000 shares, a drop of 20.2% from the October 31st total of 4,310,000 shares. Based on an average trading volume of 911,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 4.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SHOO earnings forecast.

Steven Madden, Ltd. (NASDAQ:SHOO) posted its quarterly earnings results on Wednesday, November, 3rd. The textile maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The textile maker had revenue of $525.07 million for the quarter, compared to the consensus estimate of $526.19 million. Steven Madden had a trailing twelve-month return on equity of 30.37% and a net margin of 11.22%. The company's revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS.

Steven Madden declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Friday, December 16th will be given a dividend of $0.21 per share on Friday, December 30th. This represents a $0.84 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, December 15th.
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 2.40%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHOO will have a dividend payout ratio of 29.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHOO.

Shares of Steven Madden split before market open on 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 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 updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $2.77-$2.82 for the period, compared to the consensus estimate of $2.89. The company issued revenue guidance of $2.09 billion-$2.10 billion, compared to the consensus revenue estimate of $2.12 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.19%), Vanguard Group Inc. (10.80%), Macquarie Group Ltd. (6.27%), State Street Corp (3.35%), Dimensional Fund Advisors LP (2.58%) and Boston Partners (1.87%). 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 $35.05.

Steven Madden (NASDAQ:SHOO) has a market capitalization of $2.73 billion and generates $1.87 billion in revenue each year. The textile maker earns $190.68 million in net income (profit) each year or $3.16 on an earnings per share basis.

The company employs 3,500 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.