Somewhat Positive News Coverage Somewhat Unlikely to Affect Steven Madden (SHOO) Share Price
News articles about Steven Madden (NASDAQ:SHOO) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Steven Madden earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 45.7252673375795 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Steven Madden, Ltd. (SHOO) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Canaccord Genuity Reiterates $47.00 Price Target for Steven Madden, Ltd. (SHOO) (americanbankingnews.com)
- $442.13 Million in Sales Expected for Steven Madden, Ltd. (SHOO) This Quarter (americanbankingnews.com)
- Steven Madden, Ltd. (NASDAQ:SHOO) Expected to Post Q3 2017 Earnings of $0.77 Per Share (americanbankingnews.com)
- Steven Madden, Ltd. (NASDAQ:SHOO) Stock Rating Reaffirmed by Wedbush (americanbankingnews.com)
Steven Madden (NASDAQ SHOO) opened at 41.60 on Friday. Steven Madden has a 1-year low of $32.30 and a 1-year high of $43.80. The firm has a market capitalization of $2.46 billion, a P/E ratio of 20.03 and a beta of 0.53. The company’s 50-day moving average price is $40.62 and its 200-day moving average price is $38.33.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $374.15 million for 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 business’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. Equities research analysts expect that Steven Madden will post $2.25 earnings per share for the current fiscal year.
SHOO has been the topic of a number of recent analyst reports. BidaskClub raised Steven Madden from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, June 27th. Piper Jaffray Companies set a $41.00 price objective on Steven Madden and gave the company a “buy” rating in a research note on Wednesday, May 31st. Canaccord Genuity set a $47.00 price objective on Steven Madden and gave the company a “buy” rating in a research note on Tuesday. Finally, Citigroup Inc. boosted their price objective on Steven Madden from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Steven Madden presently has an average rating of “Buy” and a consensus price target of $44.04.
In other Steven Madden news, CFO Arvind Dharia sold 20,000 shares of Steven Madden stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.22, for a total transaction of $804,400.00. Following the sale, the chief financial officer now directly owns 66,662 shares of the company’s stock, valued at approximately $2,681,145.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karla Frieders sold 60,000 shares of Steven Madden stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $38.99, for a total value of $2,339,400.00. Following the sale, the insider now directly owns 148,216 shares in the company, valued at $5,778,941.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,740 shares of company stock worth $4,832,677. Insiders own 2.20% of the company’s stock.
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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