Brokerages forecast that Steven Madden, Ltd. (NASDAQ:SHOO) will report earnings per share of $0.46 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Steven Madden’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.49. Steven Madden reported earnings of $0.49 per share during the same quarter last year, which would suggest a negative year over year growth rate of 6.1%. The business is scheduled to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Steven Madden will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.19 to $2.24. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.46 per share, with EPS estimates ranging from $2.35 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Steven Madden.
Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The business had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS.
Several analysts have recently issued reports on SHOO shares. Zacks Investment Research cut Steven Madden from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine raised Steven Madden from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Telsey Advisory Group decreased their price objective on Steven Madden from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and set a $48.00 price objective on shares of Steven Madden in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.86.
Shares of Steven Madden (SHOO) traded up $0.10 on Friday, hitting $45.85. The stock had a trading volume of 374,200 shares, compared to its average volume of 501,375. The stock has a market cap of $2,703.98, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.52. Steven Madden has a twelve month low of $33.50 and a twelve month high of $46.35.
In related news, Director Richard P. Randall sold 2,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total transaction of $76,100.00. Following the sale, the director now owns 22,809 shares in the company, valued at approximately $867,882.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Awadhesh K. Sinha sold 6,500 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $45.03, for a total value of $292,695.00. Following the sale, the chief operating officer now owns 63,383 shares in the company, valued at approximately $2,854,136.49. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock worth $1,460,100 in the last 90 days. 2.06% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. 1060 Capital LLC bought a new position in Steven Madden in the 2nd quarter valued at $24,372,000. Jennison Associates LLC grew its position in Steven Madden by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 11,834 shares of the textile maker’s stock valued at $473,000 after acquiring an additional 44 shares during the last quarter. Prudential Financial Inc. grew its position in Steven Madden by 63.4% in the 2nd quarter. Prudential Financial Inc. now owns 255,446 shares of the textile maker’s stock valued at $10,205,000 after acquiring an additional 99,150 shares during the last quarter. Macquarie Group Ltd. grew its position in Steven Madden by 8.6% in the 3rd quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock valued at $105,800,000 after acquiring an additional 193,391 shares during the last quarter. Finally, Kiwi Wealth Investments Limited Partnership grew its position in Steven Madden by 21.7% in the 3rd quarter. Kiwi Wealth Investments Limited Partnership now owns 42,638 shares of the textile maker’s stock valued at $1,846,000 after acquiring an additional 7,595 shares during the last quarter. 92.98% of the stock is currently owned by institutional investors.
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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