Steven Madden - SHOO Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SHOO shares.
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11 brokers have issued 12-month target prices for Steven Madden's stock. Their SHOO share price forecasts range from $30.00 to $60.00. On average, they expect the company's share price to reach $45.33 in the next year. This suggests a possible upside of 69.5% 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 42.4% and is now trading at $26.75.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Steven Madden, Ltd. (NASDAQ:SHOO) announced its earnings results on Wednesday, July, 27th. The textile maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The textile maker earned $532.68 million during the quarter, compared to analysts' expectations of $491.80 million. Steven Madden had a net margin of 11.61% and a trailing twelve-month return on equity of 31.40%. The business's revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS.

Steven Madden declared a quarterly dividend on Wednesday, July 27th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.21 per share on Monday, September 26th. This represents a $0.84 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 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 3.03%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHOO will have a dividend payout ratio of 26.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHOO.

Steven Madden shares split on Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly created shares were issued 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 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.90-$3.00 for the period, compared to the consensus estimate of $2.98. The company issued revenue guidance of $2.10 billion-$2.15 billion, compared to the consensus revenue estimate of $2.14 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 number of institutional and retail investors. Top institutional investors include Macquarie Group Ltd. (5.44%), State Street Corp (3.32%), Price T Rowe Associates Inc. MD (2.83%), Millennium Management LLC (1.92%), Victory Capital Management Inc. (1.37%) and Franklin Resources Inc. (1.22%). Insiders that own company stock include Amelia Varela, Arvind Dharia, 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 $26.75.

Steven Madden (NASDAQ:SHOO) has a market capitalization of $2.11 billion and generates $1.87 billion in revenue each year. The textile maker earns $190.68 million in net income (profit) each year or $3.19 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.