Steven Madden, Ltd. (NASDAQ:SHOO) to Post Q2 2022 Earnings of $0.55 Per Share, Wedbush Forecasts

Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) – Stock analysts at Wedbush dropped their Q2 2022 EPS estimates for shares of Steven Madden in a note issued to investors on Wednesday, April 27th. Wedbush analyst T. Nikic now expects that the textile maker will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.81. Wedbush also issued estimates for Steven Madden’s Q3 2022 earnings at $0.83 EPS and Q4 2022 earnings at $0.69 EPS.

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

Several other equities research analysts have also recently weighed in on the stock. Loop Capital upped their price objective on shares of Steven Madden from $50.00 to $55.00 in a research report on Thursday. Zacks Investment Research downgraded Steven Madden from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Thursday, January 6th. Finally, StockNews.com started coverage on Steven Madden in a research note on Thursday, March 31st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $54.22.

Shares of Steven Madden stock opened at $41.06 on Monday. The company has a 50-day simple moving average of $40.39. The company has a market capitalization of $3.28 billion, a PE ratio of 13.60 and a beta of 1.23. Steven Madden has a 52-week low of $36.77 and a 52-week high of $51.56.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Monday, June 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, June 10th. Steven Madden’s dividend payout ratio is presently 27.81%.

Several hedge funds have recently added to or reduced their stakes in SHOO. CWM LLC raised its position in shares of Steven Madden by 277.3% in the first quarter. CWM LLC now owns 664 shares of the textile maker’s stock worth $26,000 after buying an additional 488 shares in the last quarter. FourThought Financial LLC grew its stake in shares of Steven Madden by 16.0% during the first quarter. FourThought Financial LLC now owns 1,792 shares of the textile maker’s stock valued at $69,000 after buying an additional 247 shares during the last quarter. USA Financial Portformulas Corp bought a new position in shares of Steven Madden during the fourth quarter valued at about $121,000. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 during the third quarter worth about $132,000. 95.28% of the stock is owned by institutional investors.

About Steven Madden (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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