Q1 2019 EPS Estimates for Steven Madden, Ltd. (SHOO) Lowered by Analyst

Steven Madden, Ltd. (NASDAQ:SHOO) – Equities research analysts at Piper Jaffray Companies reduced their Q1 2019 earnings per share estimates for Steven Madden in a report issued on Tuesday, February 19th. Piper Jaffray Companies analyst E. Murphy now forecasts that the textile maker will earn $0.36 per share for the quarter, down from their prior estimate of $0.38. Piper Jaffray Companies also issued estimates for Steven Madden’s Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $1.84 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.47 EPS, Q3 2020 earnings at $0.74 EPS, Q4 2020 earnings at $0.44 EPS and FY2020 earnings at $2.04 EPS.

Several other analysts have also issued reports on the stock. Wedbush cut their price target on shares of Steven Madden from $55.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. ValuEngine upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. BidaskClub upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Telsey Advisory Group lowered shares of Steven Madden from an “outperform” rating to a “market perform” rating and cut their price target for the company from $40.00 to $37.00 in a research report on Thursday, January 31st. Finally, Citigroup lowered shares of Steven Madden from a “buy” rating to a “neutral” rating and set a $32.27 price target for the company. in a research report on Sunday, December 9th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.81.

NASDAQ SHOO opened at $32.56 on Wednesday. Steven Madden has a 12-month low of $27.88 and a 12-month high of $39.30. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.63.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Resources Investment Advisors Inc. lifted its holdings in Steven Madden by 50.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 885 shares of the textile maker’s stock worth $27,000 after buying an additional 295 shares during the period. Advisors Asset Management Inc. lifted its holdings in 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 buying an additional 317 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Steven Madden by 41.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,292 shares of the textile maker’s stock worth $39,000 after buying an additional 378 shares during the period. LS Investment Advisors LLC lifted its holdings in Steven Madden by 57.5% in the fourth quarter. LS Investment Advisors LLC now owns 2,548 shares of the textile maker’s stock worth $77,000 after buying an additional 930 shares during the period. Finally, Edge Wealth Management LLC lifted its holdings in Steven Madden by 143.8% in the fourth quarter. Edge Wealth Management LLC now owns 1,950 shares of the textile maker’s stock worth $59,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.

In other news, Director Richard P. Randall sold 1,500 shares of the 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 sale, the director now directly owns 22,070 shares in the company, valued at $690,349.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.77% of the company’s stock.

Steven Madden Company Profile

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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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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