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

Steven Madden, Ltd. (NASDAQ:SHOO) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Wednesday, March 11th will be given a dividend of 0.21 per share by the textile maker on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 11th.

Steven Madden has increased its dividend payment by an average of 0.1%annually 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 $2.81 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 29.9%.

Steven Madden Stock Performance

Shares of Steven Madden stock opened at $36.86 on Friday. The stock’s fifty day simple moving average is $41.95 and its 200 day simple moving average is $37.32. The company has a current ratio of 1.90, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.68 billion, a PE ratio of 59.45 and a beta of 1.11. Steven Madden has a 12 month low of $19.05 and a 12 month high of $46.88.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, February 25th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $753.70 million during the quarter, compared to analysts’ expectations of $758.53 million. Steven Madden had a return on equity of 13.60% and a net margin of 1.76%.The company’s revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, research analysts predict that Steven Madden will post 2.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHOO shares. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Piper Sandler increased their price objective on shares of Steven Madden from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a report on Thursday, January 22nd. BTIG Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research report on Thursday. Finally, Zacks Research lowered shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.43.

Steven Madden Company Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.