Steven Madden (SHOO) Getting Somewhat Favorable Media Coverage, Study Finds
Headlines about Steven Madden (NASDAQ:SHOO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steven Madden earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.1524658210206 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Steven Madden (SHOO) opened at 42.50 on Wednesday. The stock has a market cap of $2.51 billion, a P/E ratio of 20.46 and a beta of 0.51. The company’s 50-day moving average is $42.17 and its 200 day moving average is $39.79. Steven Madden has a 1-year low of $32.30 and a 1-year high of $43.80.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $374.15 million during the quarter, compared to the consensus estimate of $355.22 million. Steven Madden had a net margin of 8.19% and a return on equity of 17.57%. Steven Madden’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts anticipate that Steven Madden will post $2.25 EPS for the current year.
A number of equities analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $45.00 target price (up previously from $41.00) on shares of Steven Madden in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, August 18th. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of Steven Madden in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley raised their target price on shares of Steven Madden from $38.00 to $41.50 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $43.96.
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About Steven Madden
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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