Steven Madden, Ltd. (SHOO) Expected to Announce Earnings of $0.77 Per Share
Equities analysts expect Steven Madden, Ltd. (NASDAQ:SHOO) to report earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Steven Madden’s earnings. The lowest EPS estimate is $0.74 and the highest is $0.79. Steven Madden posted earnings per share of $0.74 during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The company is expected to issue its next earnings results on Tuesday, November 7th.
On average, analysts expect that Steven Madden will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.18 to $2.33. For the next year, analysts expect that the business will post earnings of $2.44 per share, with EPS estimates ranging from $2.36 to $2.54. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Steven Madden.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $374.15 million during the quarter, compared to analysts’ expectations of $355.22 million. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.
A number of equities research analysts have recently weighed in on the company. BidaskClub raised Steven Madden from a “hold” rating to a “buy” rating in a research note on Thursday. Canaccord Genuity set a $47.00 price target on Steven Madden and gave the stock a “buy” rating in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $45.00 price target (up from $41.00) on shares of Steven Madden in a research note on Tuesday, August 8th. B. Riley reaffirmed a “buy” rating and set a $47.00 price target on shares of Steven Madden in a research note on Tuesday. Finally, Morgan Stanley raised their price target on Steven Madden from $38.00 to $41.50 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Steven Madden has a consensus rating of “Buy” and an average target price of $43.32.
In related news, Director Rose Peabody Lynch sold 2,240 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $39.32, for a total transaction of $88,076.80. Following the completion of the transaction, the director now owns 4,754 shares in the company, valued at approximately $186,927.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Karla Frieders sold 5,000 shares of the firm’s 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 transaction, the insider now owns 83,216 shares of the company’s stock, valued at approximately $3,212,969.76. The disclosure for this sale can be found here. Insiders have sold a total of 122,740 shares of company stock worth $4,832,677 in the last three months. 2.20% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC increased its position in Steven Madden by 97.1% in the second quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock valued at $102,000 after buying an additional 1,262 shares during the period. Elkfork Partners LLC increased its position in shares of Steven Madden by 17.5% in the first quarter. Elkfork Partners LLC now owns 2,662 shares of the textile maker’s stock valued at $103,000 after buying an additional 396 shares during the last quarter. TrimTabs Asset Management LLC increased its position in shares of Steven Madden by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 3,023 shares of the textile maker’s stock valued at $117,000 after buying an additional 1,424 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Steven Madden during the second quarter valued at about $127,000. Finally, Meadow Creek Investment Management LLC increased its position in shares of Steven Madden by 17.5% in the first quarter. Meadow Creek Investment Management LLC now owns 3,388 shares of the textile maker’s stock valued at $131,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.
Shares of Steven Madden (SHOO) opened at 43.00 on Friday. The stock has a market cap of $2.54 billion, a PE ratio of 20.70 and a beta of 0.53. The stock’s 50 day moving average price is $40.21 and its 200-day moving average price is $38.12. Steven Madden has a one year low of $32.30 and a one year high of $43.15.
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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