Steven Madden (SHOO) Projected to Post Quarterly Earnings on Wednesday

Steven Madden (NASDAQ:SHOO) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $550.37 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Steven Madden Trading Down 1.2 %

Steven Madden stock opened at $38.23 on Monday. The stock has a market cap of $2.76 billion, a PE ratio of 16.27 and a beta of 1.07. The stock has a 50-day moving average price of $40.83 and a 200 day moving average price of $43.76. Steven Madden has a 52 week low of $36.40 and a 52 week high of $50.01.

Steven Madden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, December 13th. Steven Madden’s dividend payout ratio is presently 35.74%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHOO. StockNews.com cut Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $44.00 price target on shares of Steven Madden in a research note on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Steven Madden in a research note on Thursday, February 13th. Jefferies Financial Group reissued a “hold” rating on shares of Steven Madden in a research note on Monday, February 3rd. Finally, Citigroup decreased their price target on Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.20.

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.