Steven Madden, Ltd. (SHOO) To Go Ex-Dividend on December 11th

Steven Madden, Ltd. (NASDAQ:SHOO) declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, December 11th will be paid a dividend of $0.21 per share by the textile maker on Thursday, December 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 11th.

Steven Madden has raised its dividend payment by an average of 0.4% per year over the last three years. Steven Madden has a dividend payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Steven Madden to earn $2.69 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 31.2%.

Steven Madden Price Performance

Shares of Steven Madden stock opened at $39.50 on Friday. The company has a fifty day moving average of $43.69 and a 200-day moving average of $41.38. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 16.32 and a beta of 1.14. Steven Madden has a 52-week low of $31.33 and a 52-week high of $49.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Thursday, November 5th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The company had revenue of $772.61 million for the quarter, compared to the consensus estimate of $774.35 million. During the same quarter last year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts expect that Steven Madden will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Capital One Financial set a $60.00 target price on shares of Steven Madden in a research note on Tuesday, September 8th. Williams Trading set a $56.00 price objective on Steven Madden in a research report on Monday, August 3rd. BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of Steven Madden in a research note on Tuesday, October 27th. Weiss Ratings downgraded Steven Madden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Finally, BMO Capital Markets assumed coverage on Steven Madden in a report on Tuesday, September 8th. They set an “outperform” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Steven Madden currently has an average rating of “Moderate Buy” and an average price target of $52.20.

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.