Steven Madden, Ltd. (SHOO) To Go Ex-Dividend on December 13th

Steven Madden, Ltd. (NASDAQ:SHOO) declared a quarterly dividend on Monday, December 9th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.21 per share by the textile maker on Friday, December 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, December 13th.

Steven Madden has increased its dividend by an average of 77.6% annually over the last three years. Steven Madden has a dividend payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Steven Madden to earn $2.97 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 28.3%.

Steven Madden Price Performance

Steven Madden stock opened at $43.52 on Wednesday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 18.52 and a beta of 1.07. The firm has a fifty day moving average price of $45.55 and a two-hundred day moving average price of $44.70. Steven Madden has a fifty-two week low of $37.99 and a fifty-two week high of $50.01.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. The company had revenue of $624.68 million during the quarter, compared to analysts’ expectations of $607.89 million. During the same period in the prior year, the business earned $0.88 earnings per share. Steven Madden’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, sell-side analysts expect that Steven Madden will post 2.66 earnings per share for the current year.

Analyst Ratings Changes

SHOO has been the subject of a number of research analyst reports. StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Sunday, November 24th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research report on Thursday, December 5th. Citigroup boosted their price objective on Steven Madden from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Steven Madden in a research report on Friday, August 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $50.00 price target on shares of Steven Madden in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.43.

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.