Steven Madden (SHOO) to Release Quarterly Earnings on Wednesday

Steven Madden (NASDAQ:SHOO) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $550.56 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Steven Madden Trading Up 0.2 %

NASDAQ SHOO opened at $39.70 on Wednesday. Steven Madden has a 12 month low of $36.40 and a 12 month high of $50.01. The company’s 50-day moving average price is $41.13 and its 200-day moving average price is $43.84. The stock has a market cap of $2.87 billion, a PE ratio of 16.89 and a beta of 1.07.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.12%. Steven Madden’s dividend payout ratio is currently 35.74%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SHOO shares. Citigroup lowered their price target on Steven Madden from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Piper Sandler dropped their price target on Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a report on Thursday, February 13th. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $44.00 target price on shares of Steven Madden in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Steven Madden has a consensus rating of “Hold” and an average target price of $43.33.

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.