Steven Madden (SHOO) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SHOO shares.
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9 equities research 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 expect the company's stock price to reach $40.14 in the next year. This suggests a possible upside of 29.5% from the stock's current price.
View analysts price targets for SHOO or view top-rated stocks among Wall Street analysts.

Steven Madden's stock was trading at $31.96 at the beginning of 2023. Since then, SHOO stock has decreased by 3.0% and is now trading at $31.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SHOO earnings forecast.

Steven Madden, Ltd. (NASDAQ:SHOO) announced its quarterly earnings data on Tuesday, May, 9th. The textile maker reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.02. The textile maker had revenue of $461.70 million for the quarter, compared to analyst estimates of $449.83 million. Steven Madden had a trailing twelve-month return on equity of 21.62% and a net margin of 8.80%. The company's revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS.

Steven Madden announced a quarterly dividend on Friday, May 26th. Investors of record on Monday, June 12th will be given a dividend of $0.21 per share on Friday, June 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, June 9th.
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), Invesco S&P SmallCap Quality ETF (XSHQ), Nuveen Small Cap Select ETF (NSCS), Pacer US Small Cap Cash Cows 100 ETF (CALF), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and

Steven Madden (NASDAQ:SHOO) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHOO will have a dividend payout ratio of 30.88% 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 on Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly issued shares were distributed 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 FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $2.40-$2.50 for the period, compared to the consensus earnings per share estimate of $2.43. The company issued revenue guidance of $1.95 billion-$1.98 billion, compared to the consensus revenue estimate of $1.97 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (15.67%), Wellington Management Group LLP (8.16%), Macquarie Group Ltd. (6.95%), State Street Corp (3.69%), Dimensional Fund Advisors LP (2.85%) and Boston Partners (2.28%). 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 $31.00.

Steven Madden (NASDAQ:SHOO) has a market capitalization of $2.36 billion and generates $2.03 billion in revenue each year. The textile maker earns $216.06 million in net income (profit) each year or $2.31 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.