Equities analysts predict that Steven Madden, Ltd. (NASDAQ:SHOO) will report sales of $400.60 million for the current quarter, according to Zacks. Six analysts have provided estimates for Steven Madden’s earnings. The highest sales estimate is $406.10 million and the lowest is $395.21 million. Steven Madden reported sales of $364.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The firm is scheduled to issue its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Steven Madden will report full year sales of $1.64 billion for the current year, with estimates ranging from $1.64 billion to $1.65 billion. For the next financial year, analysts expect that the business will report sales of $1.74 billion, with estimates ranging from $1.73 billion to $1.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Steven Madden.

Several equities analysts recently issued reports on the company. Buckingham Research lowered their price target on Steven Madden to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. Zacks Investment Research lowered Steven Madden from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Citigroup lowered their price target on Steven Madden from $40.67 to $38.00 and set a “buy” rating on the stock in a research note on Friday, October 19th. ValuEngine upgraded Steven Madden from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, BidaskClub upgraded Steven Madden from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.33.

SHOO traded up $0.36 on Monday, hitting $33.92. 493,341 shares of the stock traded hands, compared to its average volume of 440,179. Steven Madden has a 52 week low of $27.88 and a 52 week high of $39.30. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.64 and a beta of 0.63.

In related news, Director Richard P. Randall sold 1,500 shares of Steven Madden stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $31.28, for a total transaction of $46,920.00. Following the completion of the transaction, the director now directly owns 22,070 shares of the company’s stock, valued at approximately $690,349.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.77% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in SHOO. Advisors Asset Management Inc. grew its holdings in shares of Steven Madden by 61.6% in the fourth quarter. Advisors Asset Management Inc. now owns 832 shares of the textile maker’s stock worth $25,000 after purchasing an additional 317 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Steven Madden during the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its stake in Steven Madden by 41.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,292 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 378 shares during the period. Edge Wealth Management LLC lifted its holdings in Steven Madden by 143.8% in the 4th quarter. Edge Wealth Management LLC now owns 1,950 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,150 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in Steven Madden by 57.5% in the 4th quarter. LS Investment Advisors LLC now owns 2,548 shares of the textile maker’s stock valued at $77,000 after purchasing an additional 930 shares in the last quarter. 68.47% of the stock is currently owned by hedge funds and other institutional investors.

About Steven Madden

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.

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