Steven Madden, Ltd. (NASDAQ:SHOO - Free Report) - Stock analysts at Telsey Advisory Group decreased their Q1 2025 EPS estimates for shares of Steven Madden in a report released on Thursday, February 27th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will earn $0.44 per share for the quarter, down from their prior forecast of $0.69. Telsey Advisory Group has a "Market Perform" rating and a $38.00 price target on the stock. The consensus estimate for Steven Madden's current full-year earnings is $2.66 per share.
Steven Madden (NASDAQ:SHOO - Get Free Report) last issued its earnings results on Wednesday, February 26th. The textile maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $582.32 million during the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%.
SHOO has been the topic of a number of other research reports. Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a report on Monday, February 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Steven Madden in a research note on Thursday. StockNews.com downgraded shares of Steven Madden from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Citigroup cut their price objective on shares of Steven Madden from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Loop Capital decreased their target price on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Steven Madden currently has an average rating of "Hold" and a consensus price target of $40.33.
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Shares of NASDAQ:SHOO opened at $32.79 on Monday. Steven Madden has a 52-week low of $32.31 and a 52-week high of $50.01. The business's 50 day simple moving average is $40.07 and its two-hundred day simple moving average is $43.50. The firm has a market cap of $2.37 billion, a P/E ratio of 13.95 and a beta of 1.07.
A number of hedge funds have recently modified their holdings of SHOO. Gladius Capital Management LP purchased a new stake in shares of Steven Madden in the third quarter valued at approximately $36,000. R Squared Ltd acquired a new position in Steven Madden in the 4th quarter worth $55,000. Quarry LP grew its position in shares of Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after buying an additional 1,110 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Steven Madden by 4,800.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker's stock worth $94,000 after acquiring an additional 1,872 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock valued at $83,000 after acquiring an additional 339 shares in the last quarter. Institutional investors own 99.88% of the company's stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, March 10th. Steven Madden's payout ratio is currently 35.74%.
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.
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