Q1 2023 EPS Estimates for Steven Madden, Ltd. Raised by Jefferies Financial Group (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) – Jefferies Financial Group boosted their Q1 2023 earnings per share (EPS) estimates for Steven Madden in a research note issued on Wednesday, April 27th. Jefferies Financial Group analyst C. Tarlowe now forecasts that the textile maker will post earnings of $1.03 per share for the quarter, up from their prior estimate of $0.55.

Steven Madden (NASDAQ:SHOOGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The textile maker reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.41. The company had revenue of $557.34 million for the quarter, compared to the consensus estimate of $468.72 million. Steven Madden had a net margin of 11.82% and a return on equity of 30.75%. The company’s revenue for the quarter was up 55.3% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS.

Several other brokerages have also recently commented on SHOO. Loop Capital raised their target price on shares of Steven Madden from $50.00 to $55.00 in a report on Thursday. StockNews.com began coverage on shares of Steven Madden in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of Steven Madden from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research report on Thursday, January 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $54.22.

Shares of SHOO opened at $41.06 on Monday. The stock has a 50 day simple moving average of $40.39. The firm has a market cap of $3.28 billion, a PE ratio of 13.60 and a beta of 1.23. Steven Madden has a 12-month low of $36.77 and a 12-month high of $51.56.

A number of hedge funds have recently modified their holdings of the business. CWM LLC increased its holdings in shares of Steven Madden by 277.3% during the first quarter. CWM LLC now owns 664 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 488 shares in the last quarter. FourThought Financial LLC increased its holdings in Steven Madden by 16.0% in the 1st quarter. FourThought Financial LLC now owns 1,792 shares of the textile maker’s stock worth $69,000 after acquiring an additional 247 shares during the last quarter. USA Financial Portformulas Corp bought a new position in Steven Madden during the fourth quarter worth about $121,000. Rockefeller Capital Management L.P. boosted its position in Steven Madden by 18.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,673 shares of the textile maker’s stock worth $124,000 after purchasing an additional 415 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Steven Madden in the third quarter worth about $132,000. Institutional investors and hedge funds own 95.28% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Monday, June 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, June 10th. Steven Madden’s dividend payout ratio is currently 27.81%.

Steven Madden Company Profile (Get Rating)

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear.

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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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