Steven Madden, Ltd. (SHOO) Set to Announce Quarterly Earnings on Tuesday
Steven Madden, Ltd. (NASDAQ:SHOO) is scheduled to announce its earnings results before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Friday, April 21st. The textile maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Steven Madden had a return on equity of 17.17% and a net margin of 8.17%. The business had revenue of $366.40 million for the quarter, compared to the consensus estimate of $359.52 million. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. On average, analysts expect Steven Madden to post $2.18 EPS for the current fiscal year and $2.39 EPS for the next fiscal year.
Steven Madden, Ltd. (NASDAQ:SHOO) opened at 39.90 on Tuesday. The company has a market cap of $2.37 billion, a P/E ratio of 20.00 and a beta of 0.54. The stock’s 50 day moving average price is $39.04 and its 200-day moving average price is $37.54. Steven Madden, Ltd. has a 52-week low of $32.30 and a 52-week high of $40.75.
SHOO has been the topic of several recent research reports. BidaskClub upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Morgan Stanley upped their price target on Steven Madden from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 6th. Piper Jaffray Companies set a $41.00 price target on Steven Madden and gave the stock a “buy” rating in a report on Wednesday, May 31st. Jefferies Group LLC restated a “hold” rating and set a $37.00 price target on shares of Steven Madden in a report on Friday, June 16th. Finally, Canaccord Genuity upped their price target on Steven Madden from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, June 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Steven Madden presently has an average rating of “Buy” and an average target price of $41.70.
In other news, CFO Arvind Dharia sold 20,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.22, for a total transaction of $804,400.00. Following the completion of the transaction, 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 available at this hyperlink. Also, President Amelia Varela sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $39.51, for a total value of $987,750.00. Following the transaction, the president now directly owns 89,099 shares of the company’s stock, valued at $3,520,301.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,194 shares of company stock valued at $4,927,107. 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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