Q2 2024 EPS Estimates for Steven Madden, Ltd. Lifted by Analyst (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO) – Equities research analysts at Wedbush raised their Q2 2024 earnings per share estimates for Steven Madden in a note issued to investors on Wednesday, May 1st. Wedbush analyst T. Nikic now expects that the textile maker will post earnings per share of $0.51 for the quarter, up from their previous estimate of $0.50. Wedbush has a “Neutral” rating and a $38.00 price target on the stock. The consensus estimate for Steven Madden’s current full-year earnings is $2.62 per share.

Other equities research analysts also recently issued research reports about the company. Williams Trading restated a “hold” rating and set a $44.00 price target on shares of Steven Madden in a research report on Wednesday, February 21st. Piper Sandler started coverage on Steven Madden in a research report on Wednesday, February 14th. They set a “neutral” rating and a $45.00 price target on the stock. StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $44.00 price objective on shares of Steven Madden in a report on Friday, April 26th. Finally, Citigroup lifted their price objective on Steven Madden from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.38.

Steven Madden Stock Up 0.3 %

NASDAQ SHOO opened at $40.61 on Monday. The stock’s 50-day simple moving average is $40.93 and its two-hundred day simple moving average is $40.21. Steven Madden has a twelve month low of $29.92 and a twelve month high of $45.63. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.78 and a beta of 1.15.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Wednesday, May 1st. The textile maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $552.38 million during the quarter, compared to analyst estimates of $525.04 million. Steven Madden had a return on equity of 22.68% and a net margin of 8.65%. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share.

Institutional Trading of Steven Madden

Several large investors have recently bought and sold shares of SHOO. SG Americas Securities LLC boosted its position in shares of Steven Madden by 225.8% in the 1st quarter. SG Americas Securities LLC now owns 13,075 shares of the textile maker’s stock worth $553,000 after purchasing an additional 9,062 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Steven Madden in the 1st quarter worth approximately $1,968,000. Gallacher Capital Management LLC bought a new stake in shares of Steven Madden in the 1st quarter worth approximately $401,000. Texas Permanent School Fund Corp boosted its position in shares of Steven Madden by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 61,378 shares of the textile maker’s stock worth $2,595,000 after purchasing an additional 794 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Steven Madden by 456.9% in the 1st quarter. GSA Capital Partners LLP now owns 34,017 shares of the textile maker’s stock worth $1,438,000 after purchasing an additional 27,909 shares in the last quarter. 99.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Edward R. Rosenfeld sold 48,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $41.49, for a total value of $2,012,265.00. Following the sale, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Edward R. Rosenfeld sold 48,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $41.49, for a total value of $2,012,265.00. Following the sale, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at $28,920,106.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa Keith sold 2,400 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $41.73, for a total value of $100,152.00. Following the completion of the sale, the executive vice president now directly owns 20,687 shares in the company, valued at $863,268.51. The disclosure for this sale can be found here. Insiders have sold 59,346 shares of company stock valued at $2,464,841 over the last ninety days. 2.08% of the stock is owned by insiders.

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, June 10th will be paid a $0.21 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.07%. Steven Madden’s payout ratio is presently 34.71%.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.