Equities analysts predict that Steven Madden, Ltd. (NASDAQ:SHOO) will report sales of $353.81 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Steven Madden’s earnings. The lowest sales estimate is $350.00 million and the highest is $356.40 million. Steven Madden reported sales of $325.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 1st.

On average, analysts expect that Steven Madden will report full-year sales of $353.81 million for the current year, with estimates ranging from $1.52 billion to $1.54 billion. For the next financial year, analysts forecast that the firm will post sales of $1.60 billion per share, with estimates ranging from $1.57 billion to $1.62 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Steven Madden.

A number of equities research analysts have issued reports on SHOO shares. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price target on shares of Steven Madden in a report on Wednesday, April 19th. B. Riley reissued a “buy” rating and issued a $45.00 price target on shares of Steven Madden in a report on Saturday, April 29th. Citigroup Inc. raised their price target on shares of Steven Madden from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Piper Jaffray Companies set a $41.00 price target on shares of Steven Madden and gave the stock a “buy” rating in a report on Friday, April 21st. Finally, Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.00.

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In other news, President Amelia Varela sold 25,000 shares of Steven Madden stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $39.51, for a total transaction of $987,750.00. Following the sale, the president now owns 89,099 shares of the company’s stock, valued at approximately $3,520,301.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karla Frieders sold 60,000 shares of Steven Madden stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $38.99, for a total transaction of $2,339,400.00. Following the sale, the insider now directly owns 148,216 shares in the company, valued at approximately $5,778,941.84. The disclosure for this sale can be found here. Insiders have sold a total of 122,740 shares of company stock worth $4,832,677 in the last ninety days. Insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Elkfork Partners LLC raised its stake in shares of Steven Madden by 17.5% in the first quarter. Elkfork Partners LLC now owns 2,662 shares of the textile maker’s stock worth $103,000 after buying an additional 396 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Steven Madden by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 3,023 shares of the textile maker’s stock worth $117,000 after buying an additional 1,424 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Steven Madden during the second quarter worth $127,000. Meadow Creek Investment Management LLC raised its stake in shares of Steven Madden by 17.5% in the first quarter. Meadow Creek Investment Management LLC now owns 3,388 shares of the textile maker’s stock worth $131,000 after buying an additional 504 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Steven Madden by 17.5% in the first quarter. Glen Harbor Capital Management LLC now owns 4,114 shares of the textile maker’s stock worth $159,000 after buying an additional 612 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Steven Madden (NASDAQ SHOO) traded down 0.12% on Thursday, reaching $41.10. 15,331 shares of the company’s stock traded hands. The company’s 50-day moving average price is $39.16 and its 200 day moving average price is $37.62. Steven Madden has a one year low of $32.30 and a one year high of $41.28. The firm has a market cap of $2.44 billion, a P/E ratio of 20.60 and a beta of 0.54.

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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