Q2 2024 EPS Estimates for Steven Madden, Ltd. Cut by Zacks Research (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO) – Equities researchers at Zacks Research decreased their Q2 2024 earnings estimates for Steven Madden in a research report issued to clients and investors on Wednesday, May 22nd. Zacks Research analyst R. Department now forecasts that the textile maker will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.52. The consensus estimate for Steven Madden’s current full-year earnings is $2.62 per share. Zacks Research also issued estimates for Steven Madden’s Q4 2024 earnings at $0.55 EPS, FY2024 earnings at $2.60 EPS, Q1 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.64 EPS, Q1 2026 earnings at $0.72 EPS and FY2026 earnings at $3.08 EPS.

SHOO has been the subject of several other research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $44.00 price target on shares of Steven Madden in a research report on Friday, April 26th. Piper Sandler assumed coverage on shares of Steven Madden in a research report on Wednesday, February 14th. They issued a “neutral” rating and a $45.00 price target on the stock. Williams Trading reissued a “hold” rating and set a $44.00 price objective on shares of Steven Madden in a research report on Wednesday, February 21st. StockNews.com raised Steven Madden from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Finally, Citigroup boosted their price target on Steven Madden from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.75.

Steven Madden Stock Performance

Steven Madden stock opened at $42.84 on Thursday. The stock has a market cap of $3.14 billion, a PE ratio of 17.70 and a beta of 1.15. The stock has a fifty day moving average of $40.81 and a 200 day moving average of $40.89. Steven Madden has a one year low of $29.92 and a one year high of $45.63.

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

Steven Madden Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, June 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, June 10th. Steven Madden’s dividend payout ratio is 34.71%.

Insider Buying and Selling at Steven Madden

In related news, Director Peter Allan Davis sold 1,200 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $42.13, for a total transaction of $50,556.00. Following the sale, the director now owns 5,751 shares in the company, valued at approximately $242,289.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Steven Madden news, Director Peter Allan Davis sold 1,200 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $42.13, for a total value of $50,556.00. Following the completion of the sale, the director now owns 5,751 shares of the company’s stock, valued at $242,289.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward R. Rosenfeld sold 48,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $41.49, for a total value of $2,012,265.00. Following the transaction, the chief executive officer now directly owns 697,038 shares in the company, valued at approximately $28,920,106.62. The disclosure for this sale can be found here. Insiders have sold a total of 59,346 shares of company stock worth $2,464,841 over the last ninety days. Company insiders own 2.08% of the company’s stock.

Institutional Trading of Steven Madden

Several institutional investors and hedge funds have recently made changes to their positions in SHOO. Los Angeles Capital Management LLC increased its stake in Steven Madden by 2.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 13,979 shares of the textile maker’s stock worth $444,000 after buying an additional 315 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Steven Madden by 5.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,544 shares of the textile maker’s stock valued at $240,000 after acquiring an additional 363 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Steven Madden by 1.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,365 shares of the textile maker’s stock valued at $1,092,000 after purchasing an additional 482 shares during the period. Yousif Capital Management LLC grew its stake in Steven Madden by 1.8% in the fourth quarter. Yousif Capital Management LLC now owns 35,824 shares of the textile maker’s stock worth $1,505,000 after purchasing an additional 634 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Steven Madden by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,185 shares of the textile maker’s stock worth $554,000 after purchasing an additional 761 shares during the period. 99.88% of the stock is currently owned by institutional investors.

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.