Steven Madden - SHOO Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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9 brokers have issued 1 year price objectives for Steven Madden's stock. Their SHOO share price forecasts range from $29.00 to $60.00. On average, they anticipate the company's share price to reach $38.71 in the next twelve months. This suggests a possible upside of 12.3% 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 25.8% and is now trading at $34.48.
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Steven Madden saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 3,440,000 shares, a decrease of 20.2% from the October 31st total of 4,310,000 shares. Based on an average daily trading volume, of 911,000 shares, the short-interest ratio is currently 3.8 days. Approximately 4.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Steven Madden, Ltd. (NASDAQ:SHOO) issued 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 analysts' expectations of $526.19 million. Steven Madden had a net margin of 11.22% and a trailing twelve-month return on equity of 30.37%. The firm's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share.

Steven Madden announced 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 2.44%. The ex-dividend date of this dividend 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.
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Shares of Steven Madden split on the morning of Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly minted shares were payable 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 issued an update on 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 a number of institutional and retail investors. Top institutional investors 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 $34.48.

Steven Madden (NASDAQ:SHOO) has a market capitalization of $2.69 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.