Steven Madden (NASDAQ:SHOO) Releases Earnings Results, Beats Estimates By $0.02 EPS

Steven Madden (NASDAQ:SHOO) announced its quarterly earnings results on Wednesday. The textile maker reported $0.55 earnings per share for the quarter, topping the consensus estimate 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%. The company had revenue of $582.32 million for the quarter, compared to analysts’ expectations of $550.37 million. Steven Madden updated its FY 2025 guidance to 2.300-2.400 EPS.

Steven Madden Stock Down 5.8 %

Shares of Steven Madden stock traded down $2.01 on Thursday, reaching $32.83. The stock had a trading volume of 483,748 shares, compared to its average volume of 771,407. Steven Madden has a 1 year low of $32.93 and a 1 year high of $50.01. The company has a 50 day moving average price of $40.46 and a 200 day moving average price of $43.63. The stock has a market capitalization of $2.37 billion, a P/E ratio of 13.98 and a beta of 1.07.

Steven Madden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.21 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.56%. Steven Madden’s dividend payout ratio is presently 35.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SHOO shares. Telsey Advisory Group lowered their price objective on Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday. StockNews.com downgraded Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. Citigroup cut their price target on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Piper Sandler decreased their price objective on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

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.