Steven Madden (NASDAQ:SHOO) Announces Earnings Results

Steven Madden (NASDAQ:SHOO) posted its earnings results on Wednesday. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02, Zacks reports. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Steven Madden updated its FY 2025 guidance to 2.300-2.400 EPS.

Steven Madden Trading Down 4.8 %

Shares of SHOO traded down $1.81 during trading hours on Wednesday, reaching $36.08. 216,465 shares of the stock traded hands, compared to its average volume of 714,609. The company’s 50-day moving average price is $40.62 and its two-hundred day moving average price is $43.70. The company has a market cap of $2.60 billion, a P/E ratio of 15.36 and a beta of 1.07. Steven Madden has a 52-week low of $35.50 and a 52-week high of $50.01.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden’s dividend payout ratio is presently 35.74%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SHOO shares. Telsey Advisory Group reissued a “market perform” rating and issued a $44.00 price target on shares of Steven Madden in a research note on Friday, February 14th. Piper Sandler dropped their target price on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. StockNews.com cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. Finally, Citigroup reduced their price target on Steven Madden from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.20.

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.