Q3 2024 EPS Estimates for Steven Madden, Ltd. (NASDAQ:SHOO) Cut by Telsey Advisory Group

Steven Madden, Ltd. (NASDAQ:SHOO) – Telsey Advisory Group lowered their Q3 2024 earnings per share estimates for Steven Madden in a research note issued on Thursday, August 1st. Telsey Advisory Group analyst D. Telsey now expects that the textile maker will post earnings per share of $0.90 for the quarter, down from their prior estimate of $0.91. Telsey Advisory Group has a “Market Perform” rating and a $44.00 price target on the stock. The consensus estimate for Steven Madden’s current full-year earnings is $2.62 per share. Telsey Advisory Group also issued estimates for Steven Madden’s Q4 2024 earnings at $0.53 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.61 EPS and FY2025 earnings at $3.00 EPS.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, July 31st. The textile maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Steven Madden had a return on equity of 23.49% and a net margin of 8.36%. The company had revenue of $523.60 million during the quarter, compared to analyst estimates of $515.15 million. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue was up 17.6% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Wedbush restated a “neutral” rating and issued a $41.00 price target on shares of Steven Madden in a research report on Friday, July 26th. BTIG Research increased their price objective on shares of Steven Madden from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Steven Madden currently has a consensus rating of “Hold” and a consensus price target of $44.29.

Steven Madden Price Performance

Steven Madden stock opened at $42.63 on Monday. Steven Madden has a 12 month low of $30.35 and a 12 month high of $47.24. The company has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $42.31. The company has a market cap of $3.13 billion, a PE ratio of 17.62 and a beta of 1.09.

Steven Madden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, September 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. Steven Madden’s dividend payout ratio is currently 34.71%.

Insider Buying and Selling

In other Steven Madden news, insider Karla Frieders sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $44.91, for a total value of $449,100.00. Following the sale, the insider now owns 86,658 shares in the company, valued at $3,891,810.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Steven Madden news, insider Karla Frieders sold 10,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $44.91, for a total transaction of $449,100.00. Following the completion of the transaction, the insider now owns 86,658 shares in the company, valued at approximately $3,891,810.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Migliorini sold 3,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $43.81, for a total value of $131,430.00. Following the completion of the transaction, the director now directly owns 16,006 shares of the company’s stock, valued at approximately $701,222.86. The disclosure for this sale can be found here. Insiders have sold a total of 14,600 shares of company stock valued at $651,586 in the last quarter. Company insiders own 2.08% of the company’s stock.

Hedge Funds Weigh In On Steven Madden

Several large investors have recently bought and sold shares of SHOO. GAMMA Investing LLC acquired a new stake in shares of Steven Madden in the fourth quarter valued at $32,000. Blue Trust Inc. lifted its stake in Steven Madden by 9,166.7% during the second quarter. Blue Trust Inc. now owns 834 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 825 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Steven Madden during the first quarter worth approximately $47,000. International Assets Investment Management LLC grew its position in Steven Madden by 4,100.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker’s stock worth $69,000 after buying an additional 1,599 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Steven Madden in the first quarter valued at $81,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

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.