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

Steven Madden, Ltd. (NASDAQ:SHOO) declared 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) annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, March 11th.

Steven Madden has raised its dividend by an average of 0.1%annually over the last three years. Steven Madden has a payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 4.1%

Shares of SHOO stock traded down $1.54 during mid-day trading on Wednesday, reaching $35.82. The company’s stock had a trading volume of 4,130,523 shares, compared to its average volume of 1,627,965. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.60 billion, a PE ratio of 45.34 and a beta of 1.11. The company’s 50 day simple moving average is $42.21 and its 200-day simple moving average is $37.33. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.88.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, February 25th. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The company had revenue of $753.70 million for the quarter, compared to analyst estimates of $758.53 million. During the same period last year, the company posted $0.55 earnings per share. The firm’s revenue was up 29.6% compared to the same quarter last year. On average, research analysts predict that Steven Madden will post 2.66 EPS for the current fiscal year.

Institutional Trading of Steven Madden

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Steven Madden by 86.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Steven Madden in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Steven Madden during the 3rd quarter valued at about $31,000. Global Retirement Partners LLC raised its stake in Steven Madden by 1,064.3% during the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after acquiring an additional 745 shares during the period. Finally, First Horizon Corp boosted its stake in Steven Madden by 55.1% in the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares during the period. 99.88% of the stock is owned by institutional investors.

About Steven Madden

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.