Steven Madden (NASDAQ:SHOO) Issues FY24 Earnings Guidance

Steven Madden (NASDAQ:SHOO) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.62-2.67 for the period, compared to the consensus 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 Upgrades and Downgrades

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

Steven Madden Trading Down 0.7 %

NASDAQ SHOO opened at $43.90 on Thursday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.05 and a beta of 1.08. The business’s 50 day moving average is $46.40 and its two-hundred day moving average is $44.12. Steven Madden has a 12-month low of $32.65 and a 12-month high of $50.01.

Steven Madden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were issued 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 presently 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.