Steven Madden (NASDAQ:SHOO) Releases Quarterly Earnings Results

Steven Madden (NASDAQ:SHOO) posted its quarterly earnings data on Wednesday. The textile maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02, Zacks reports. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. Steven Madden updated its FY 2025 guidance to 2.300-2.400 EPS.

Steven Madden Price Performance

SHOO traded down $3.20 during trading on Wednesday, reaching $34.69. The company had a trading volume of 1,375,483 shares, compared to its average volume of 745,206. The company has a market cap of $2.50 billion, a P/E ratio of 14.76 and a beta of 1.07. Steven Madden has a 12 month low of $34.56 and a 12 month high of $50.01. The business’s fifty day moving average price is $40.62 and its 200 day moving average price is $43.70.

Steven Madden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.21 per share. 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 2.42%. Steven Madden’s payout ratio is 35.74%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup lowered their price objective on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 13th. Telsey Advisory Group reissued a “market perform” rating and set a $44.00 price objective on shares of Steven Madden in a research report on Friday, February 14th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. Seven 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, the stock presently has an average rating of “Hold” and an average target price of $43.20.

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.