Steven Madden (NASDAQ:SHOO) Issues FY24 Earnings Guidance

Steven Madden (NASDAQ:SHOO) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.62-2.67 for the period, compared to the consensus EPS estimate of $2.64. The company issued revenue guidance of $2.24-2.26 billion, compared to the consensus revenue estimate of $2.23 billion. Steven Madden also updated its FY 2024 guidance to 2.620-2.670 EPS.

Analyst Ratings Changes

Several equities analysts recently weighed in on SHOO shares. Telsey Advisory Group restated a “market perform” rating and set a $50.00 target price on shares of Steven Madden in a report on Wednesday, October 30th. StockNews.com raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Piper Sandler restated a “neutral” rating and issued a $45.00 price target on shares of Steven Madden in a report on Friday, August 23rd. Finally, Wedbush reiterated a “neutral” rating and set a $41.00 price objective on shares of Steven Madden in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.14.

Steven Madden Price Performance

NASDAQ SHOO opened at $43.90 on Thursday. The company’s fifty day moving average price is $46.40 and its two-hundred day moving average price is $44.12. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.05 and a beta of 1.08. Steven Madden has a 12 month low of $32.65 and a 12 month high of $50.01.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.84 dividend on an annualized basis and a yield of 1.91%. Steven Madden’s dividend payout ratio (DPR) is 34.29%.

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.