Steven Madden (NASDAQ:SHOO) Receives Media Sentiment Score of 0.21
News stories about Steven Madden (NASDAQ:SHOO) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steven Madden earned a news impact score of 0.21 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 47.3101456720234 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Steven Madden, Ltd. Expected to Post Q2 2018 Earnings of $0.57 Per Share (NASDAQ:SHOO) (americanbankingnews.com)
- Steve Madden Announces Participation in the Canaccord Genuity Growth Conference (finance.yahoo.com)
- Steven Madden, Ltd. (SHOO) Receives “Buy” Rating from Piper Jaffray Companies (americanbankingnews.com)
- KeyCorp Research Analysts Reduce Earnings Estimates for Steven Madden, Ltd. (NASDAQ:SHOO) (americanbankingnews.com)
- Wells Fargo Initiates Coverage on Steven Madden, Ltd. (SHOO) Setting A Rating Of “Market Perform” (highlightpress.com)
A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC set a $37.00 price target on Steven Madden and gave the company a “hold” rating in a report on Saturday, May 13th. Canaccord Genuity set a $47.00 price target on Steven Madden and gave the company a “buy” rating in a report on Wednesday. Telsey Advisory Group boosted their price target on Steven Madden from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday. B. Riley reiterated a “buy” rating and issued a $47.00 price target on shares of Steven Madden in a report on Wednesday. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of Steven Madden in a report on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.00.
Shares of Steven Madden (SHOO) traded down 0.24% during midday trading on Friday, hitting $41.15. The stock had a trading volume of 771,177 shares. The firm has a market cap of $2.27 billion, a PE ratio of 19.81 and a beta of 0.53. The firm has a 50-day moving average of $39.40 and a 200 day moving average of $37.79. Steven Madden has a 12-month low of $32.30 and a 12-month high of $42.65.
Steven Madden (NASDAQ:SHOO) last issued its earnings results on Tuesday, August 1st. The textile maker reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. The business had revenue of $374.15 million during the quarter, compared to analysts’ expectations of $355.22 million. During the same period in the prior year, the firm posted $0.42 EPS. Steven Madden’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, analysts expect that Steven Madden will post $2.24 earnings per share for the current year.
In other news, Director Rose Peabody Lynch sold 2,240 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $39.32, for a total value of $88,076.80. Following the completion of the transaction, the director now directly owns 4,754 shares of the company’s stock, valued at approximately $186,927.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karla Frieders sold 5,000 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $38.61, for a total value of $193,050.00. Following the completion of the transaction, the insider now directly owns 83,216 shares of the company’s stock, valued at $3,212,969.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,740 shares of company stock valued at $4,832,677. 2.20% of the stock is currently owned by insiders.
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Steven Madden Company Profile
Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.
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