Steven Madden, Ltd. (NASDAQ:SHOO) Plans $0.21 Quarterly Dividend

Steven Madden, Ltd. (NASDAQ:SHOO) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Wednesday, March 11th will be given a dividend of 0.21 per share by the textile maker on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 11th.

Steven Madden has raised its dividend payment by an average of 0.1%per year over the last three years. Steven Madden has a payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Steven Madden to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 29.9%.

Steven Madden Stock Performance

NASDAQ:SHOO traded down $1.54 during mid-day trading on Wednesday, hitting $35.82. The stock had a trading volume of 4,130,523 shares, compared to its average volume of 1,627,965. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $42.21 and a 200-day simple moving average of $37.33. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 45.34 and a beta of 1.11. Steven Madden has a 52 week low of $19.05 and a 52 week high of $46.88.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, February 25th. The textile maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $753.70 million during the quarter, compared to analysts’ expectations of $758.53 million. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. Steven Madden’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, research analysts expect that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SHOO shares. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Jefferies Financial Group lowered shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Thursday, February 5th. Finally, Needham & Company LLC dropped their price target on shares of Steven Madden from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Steven Madden currently has a consensus rating of “Hold” and an average target price of $42.38.

Steven Madden Company Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.