Steven Madden, Ltd. (NASDAQ:SHOO) to Issue $0.21 Quarterly Dividend

Steven Madden, Ltd. (NASDAQ:SHOO) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.21 per share by the textile maker on Thursday, September 24th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 11th.

Steven Madden has increased its dividend payment by an average of 0.4%annually over the last three years. Steven Madden has a payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Steven Madden to earn $2.66 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 31.6%.

Steven Madden Trading Up 10.2%

SHOO traded up $4.43 during mid-day trading on Thursday, hitting $47.83. The stock had a trading volume of 2,134,304 shares, compared to its average volume of 1,258,135. The stock’s fifty day simple moving average is $42.91 and its 200-day simple moving average is $39.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 45.55 and a beta of 1.15. Steven Madden has a 1-year low of $23.15 and a 1-year high of $47.99.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The company had revenue of $665.87 million during the quarter, compared to analyst estimates of $635.39 million. During the same quarter in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, research analysts forecast that Steven Madden will post 2.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHOO. Wall Street Zen upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Needham & Company LLC increased their price target on Steven Madden from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of Steven Madden in a report on Monday. Finally, UBS Group reiterated a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Steven Madden presently has an average rating of “Moderate Buy” and an average price target of $45.12.

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.