Equities research analysts expect that Steven Madden, Ltd. (NASDAQ:SHOO) will announce sales of $404.18 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Steven Madden’s earnings. The lowest sales estimate is $400.50 million and the highest is $409.80 million. Steven Madden reported sales of $389.01 million during the same quarter last year, which indicates a positive year over year growth rate of 3.9%. The company is scheduled to report its next earnings report on Friday, April 19th.
On average, analysts expect that Steven Madden will report full-year sales of $1.74 billion for the current year, with estimates ranging from $1.73 billion to $1.74 billion. For the next year, analysts forecast that the firm will report sales of $1.83 billion, with estimates ranging from $1.81 billion to $1.84 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Steven Madden.
Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, February 27th. The textile maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Steven Madden had a net margin of 7.81% and a return on equity of 19.00%. The company had revenue of $410.36 million for the quarter, compared to analysts’ expectations of $401.50 million. During the same quarter last year, the business earned $0.32 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year.
NASDAQ SHOO traded down $0.10 on Friday, reaching $33.52. 465,228 shares of the stock were exchanged, compared to its average volume of 537,212. Steven Madden has a one year low of $27.88 and a one year high of $39.30. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.06 and a beta of 0.58.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 19th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 18th. Steven Madden’s dividend payout ratio (DPR) is presently 30.60%.
Several hedge funds have recently bought and sold shares of SHOO. Advisors Asset Management Inc. grew its holdings in shares of Steven Madden by 61.6% in the fourth quarter. Advisors Asset Management Inc. now owns 832 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 317 shares in the last quarter. Resources Investment Advisors Inc. boosted its stake in Steven Madden by 50.0% during the fourth quarter. Resources Investment Advisors Inc. now owns 885 shares of the textile maker’s stock worth $27,000 after buying an additional 295 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Steven Madden during the fourth quarter worth $30,000. Parkside Financial Bank & Trust boosted its stake in Steven Madden by 41.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,292 shares of the textile maker’s stock worth $39,000 after buying an additional 378 shares during the period. Finally, Bessemer Group Inc. purchased a new position in Steven Madden during the fourth quarter worth $42,000. 99.83% of the stock is owned by hedge funds and other institutional investors.
Steven Madden Company Profile
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.
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