Steven Madden - SHOO Stock Forecast, Price & News

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear. The company's Wholesale Accessories/Apparel segment offers handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories under the Steve Madden, BB Dakota, Anne Klein, Betsey Johnson, Cejon, Madden NYC, and Dolce Vita brands, as well as private label handbag and accessories to department stores, mass merchants, off-price retailers, online retailers, specialty stores, and independent stores. Its Direct-to-Consumer segment operates Steve Madden and Superga full-price retail stores, Steve Madden outlet stores, and Steve Madden shop-in-shops, as well as digital e-commerce websites, including SteveMadden.com, DolceVita.com, betseyjohnson.com, Blondo.com, GREATS.com, and Superga-USA.com. The company's Licensing segment licenses its Steve Madden, Madden Girl, and Betsey Johnson trademarks. Its First Cost segment operates as a buying agent for footwear products under private labels for national chains, specialty retailers, and value-priced retailers. As of December 31, 2021, it owned and operated 214 brick-and-mortar retail stores that included 147 Steve Madden full-price stores, 66 Steve Madden outlet stores, and 1 Superga store, as well as 6 e-commerce websites. Steven Madden, Ltd. was incorporated in 1990 and is headquartered in Long Island City, New York.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BTIG Research dropped their price objective on Steven Madden from $72.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, July 21st. Telsey Advisory Group dropped their price objective on Steven Madden from $52.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, July 28th. StockNews.com downgraded Steven Madden from a "buy" rating to a "hold" rating in a report on Thursday, July 28th. Citigroup lowered their price target on Steven Madden from $47.00 to $36.00 in a report on Thursday, July 28th. Finally, UBS Group increased their price target on Steven Madden from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.00.

Steven Madden Price Performance

SHOO Stock opened at $33.69 on Friday. The stock has a market capitalization of $2.66 billion, a P/E ratio of 10.56 and a beta of 1.07. The business has a 50-day moving average of $33.69 and a 200-day moving average of $37.80. Steven Madden has a fifty-two week low of $31.06 and a fifty-two week high of $51.56.

Steven Madden (NASDAQ:SHOO - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The textile maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $532.68 million during the quarter, compared to analysts' expectations of $491.80 million. Steven Madden had a return on equity of 31.40% and a net margin of 11.61%. Steven Madden's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities analysts expect that Steven Madden will post 2.97 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 16th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.49%. Steven Madden's dividend payout ratio is currently 26.33%.

Insider Transactions at Steven Madden

In related news, Director Robert Garrett Smith sold 2,222 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $38.96, for a total transaction of $86,569.12. Following the completion of the transaction, the director now directly owns 8,500 shares of the company's stock, valued at $331,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.98% of the stock is owned by insiders.