Steven Madden (SHOO) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steven Madden in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHOO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOO, but not buy additional shares or sell existing shares.
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7 brokers have issued 1-year target prices for Steven Madden's stock. Their SHOO share price targets range from $37.00 to $45.00. On average, they expect the company's stock price to reach $41.38 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
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Steven Madden's stock was trading at $42.00 at the beginning of 2024. Since then, SHOO shares have decreased by 8.2% and is now trading at $38.55.
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Steven Madden saw a decline in short interest in March. As of March 31st, there was short interest totaling 2,700,000 shares, a decline of 30.1% from the March 15th total of 3,860,000 shares. Based on an average daily volume of 840,200 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our SHOO earnings forecast.

Steven Madden, Ltd. (NASDAQ:SHOO) issued its quarterly earnings data on Wednesday, February, 28th. The textile maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.05. The textile maker had revenue of $519.71 million for the quarter, compared to the consensus estimate of $511.96 million. Steven Madden had a trailing twelve-month return on equity of 21.61% and a net margin of 8.67%. Steven Madden's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS.

Steven Madden declared a quarterly dividend on Wednesday, February 28th. Investors of record on Friday, March 8th will be given a dividend of $0.21 per share on Friday, March 22nd. This represents a $0.84 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, March 7th.
Read our dividend analysis for SHOO.

Steven Madden (NASDAQ:SHOO) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.15%. The dividend payout ratio is 36.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHOO will have a dividend payout ratio of 28.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHOO.

ETFs with the largest weight of Steven Madden (NASDAQ:SHOO) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Nuveen Small Cap Select ETF (NSCS), Invesco S&P SmallCap Quality ETF (XSHQ), AdvisorShares Insiders Advantage ETF (SURE), JPMorgan Active Small Cap Value ETF (JPSV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL).

Steven Madden shares split on Friday, October 12th 2018. The 3-2 split was announced on Monday, September 17th 2018. The newly minted shares were payable to shareholders after the market closes on Thursday, October 11th 2018. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Steven Madden updated its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of 2.550-2.650 for the period, compared to the consensus EPS estimate of 2.690. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.

138 employees have rated Steven Madden Chief Executive Officer Ed Rosenfeld on Glassdoor.com. Ed Rosenfeld has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Steven Madden investors own include Intel (INTC), Pfizer (PFE), AbbVie (ABBV), International Business Machines (IBM), Altria Group (MO), Verizon Communications (VZ), Caterpillar (CAT), Edwards Lifesciences (EW), General Motors (GM) and Lockheed Martin (LMT).

Steven Madden's stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.64%) and AlphaMark Advisors LLC (0.01%). Insiders that own company stock include Amelia Varela, Awadhesh K Sinha, Awadhesh K Sinha, Edward R Rosenfeld, Karla Frieders, Lisa Keith, Peter Allan Davis, Peter Migliorini, Robert Garrett Smith and Zine Mazouzi.
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Shares of SHOO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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