Steven Madden (SHOO) Scheduled to Post Quarterly Earnings on Thursday

Steven Madden (NASDAQ:SHOO) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Steven Madden to post earnings of $0.89 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Steven Madden Trading Up 1.2 %

SHOO stock opened at $45.41 on Wednesday. The firm has a market cap of $3.30 billion, a P/E ratio of 18.53 and a beta of 1.08. Steven Madden has a 12-month low of $32.65 and a 12-month high of $50.01. The stock’s 50 day simple moving average is $46.38 and its 200 day simple moving average is $44.07.

Steven Madden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, September 13th. Steven Madden’s dividend payout ratio is currently 34.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SHOO. Telsey Advisory Group restated a “market perform” rating and set a $50.00 price objective on shares of Steven Madden in a research note on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and issued a $41.00 target price on shares of Steven Madden in a research note on Wednesday, August 7th. Piper Sandler reiterated a “neutral” rating and issued a $45.00 target price on shares of Steven Madden in a research note on Friday, August 23rd. Finally, StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and an average target price of $45.14.

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.