Steven Madden (NASDAQ:SHOO) Announces Earnings Results, Beats Expectations By $0.02 EPS

Steven Madden (NASDAQ:SHOO) issued 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 the consensus estimate of $550.37 million. Steven Madden updated its FY 2025 guidance to 2.300-2.400 EPS.

Steven Madden Stock Performance

Shares of SHOO stock traded down $2.01 on Thursday, reaching $32.83. 483,748 shares of the company were exchanged, 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 business has a 50-day moving average price of $40.46 and a 200 day moving average price of $43.63. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 13.98 and a beta of 1.07.

Steven Madden Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on SHOO shares. Piper Sandler decreased their price target on Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. Telsey Advisory Group lowered their price target on shares of Steven Madden from $44.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday. Citigroup cut their price objective on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, 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.