Steven Madden (NASDAQ:SHOO) Shares Gap Up After Dividend Announcement

Steven Madden, Ltd. (NASDAQ:SHOO) gapped up prior to trading on Wednesday following a dividend announcement from the company. The stock had previously closed at $32.84, but opened at $35.37. Steven Madden shares last traded at $35.1740, with a volume of 473,699 shares traded.

The newly announced dividend which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.2%. Steven Madden’s dividend payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SHOO. Citigroup reiterated a “buy” rating and issued a $41.00 target price (up from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a report on Wednesday, October 8th. UBS Group boosted their price target on Steven Madden from $26.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a report on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.83.

Steven Madden Stock Down 0.4%

The business has a 50 day moving average price of $33.36 and a 200 day moving average price of $27.88. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.78 billion, a PE ratio of 30.09 and a beta of 1.31.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Equities research analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Steven Madden

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Steven Madden by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 391,937 shares of the textile maker’s stock worth $10,441,000 after buying an additional 10,741 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Steven Madden in the 1st quarter valued at $303,000. American Century Companies Inc. increased its holdings in Steven Madden by 74.0% in the 1st quarter. American Century Companies Inc. now owns 130,079 shares of the textile maker’s stock worth $3,465,000 after acquiring an additional 55,300 shares in the last quarter. State of Alaska Department of Revenue raised its position in Steven Madden by 8.1% during the second quarter. State of Alaska Department of Revenue now owns 43,248 shares of the textile maker’s stock worth $1,036,000 after acquiring an additional 3,247 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Steven Madden during the second quarter valued at $389,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

About Steven Madden

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.