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

Steven Madden (NASDAQ:SHOO) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Steven Madden Stock Performance

Shares of NASDAQ:SHOO opened at $45.41 on Wednesday. Steven Madden has a 1 year low of $32.65 and a 1 year high of $50.01. The stock has a market capitalization of $3.30 billion, a P/E ratio of 18.53 and a beta of 1.08. The stock has a 50-day simple moving average of $46.38 and a 200-day simple moving average of $44.07.

Steven Madden Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $50.00 price target on shares of Steven Madden in a research report on Wednesday, October 30th. Wedbush reissued a “neutral” rating and set a $41.00 price target on shares of Steven Madden in a research report on Wednesday, August 7th. Piper Sandler reissued a “neutral” rating and set a $45.00 price target on shares of Steven Madden in a research report on Friday, August 23rd. Finally, StockNews.com raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.