Zacks Research Predicts Steven Madden FY2027 Earnings

Steven Madden, Ltd. (NASDAQ:SHOO) – Research analysts at Zacks Research issued their FY2027 earnings per share estimates for Steven Madden in a report released on Wednesday, March 19th. Zacks Research analyst R. Department expects that the textile maker will post earnings of $2.73 per share for the year. The consensus estimate for Steven Madden’s current full-year earnings is $2.66 per share.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $582.32 million for the quarter, compared to analyst estimates of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%.

Several other equities research analysts have also recently commented on the stock. Loop Capital cut their price target on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reduced their price target on Steven Madden from $44.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup cut their target price on Steven Madden from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, Piper Sandler dropped 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. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Steven Madden has a consensus rating of “Hold” and a consensus target price of $40.33.

Steven Madden Stock Up 1.9 %

Shares of NASDAQ SHOO opened at $26.00 on Friday. Steven Madden has a twelve month low of $24.97 and a twelve month high of $50.01. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 11.06 and a beta of 1.06. The company’s fifty day moving average is $35.91 and its 200-day moving average is $41.85.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.23%. Steven Madden’s payout ratio is currently 35.74%.

Hedge Funds Weigh In On Steven Madden

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Steven Madden by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker’s stock worth $344,299,000 after buying an additional 54,877 shares in the last quarter. State Street Corp increased its holdings in shares of Steven Madden by 1.7% in the third quarter. State Street Corp now owns 2,756,075 shares of the textile maker’s stock valued at $135,020,000 after purchasing an additional 47,017 shares during the period. First Trust Advisors LP raised its stake in shares of Steven Madden by 36.9% during the 4th quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker’s stock valued at $85,135,000 after buying an additional 539,738 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Steven Madden by 8.6% during the 4th quarter. Invesco Ltd. now owns 1,745,456 shares of the textile maker’s stock worth $74,217,000 after acquiring an additional 138,065 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in Steven Madden during the 4th quarter worth approximately $72,795,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Steven Madden Company Profile

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.