Steven Madden, Ltd. (NASDAQ:SHOO) – Research analysts at Wedbush issued their Q3 2017 earnings per share estimates for shares of Steven Madden in a report issued on Monday. Wedbush analyst C. Svezia forecasts that the textile maker will earn $0.77 per share for the quarter. Wedbush currently has a “Outperform” rating and a $48.00 target price on the stock. Wedbush also issued estimates for Steven Madden’s Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $2.25 EPS and FY2018 earnings at $2.50 EPS.

Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, June 27th. Susquehanna Bancshares Inc lifted their price objective on Steven Madden from $42.00 to $44.00 and gave the stock a “positive” rating in a report on Tuesday, April 25th. Citigroup Inc. lifted their price objective on Steven Madden from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Canaccord Genuity reiterated a “buy” rating and issued a $45.00 price objective on shares of Steven Madden in a report on Wednesday, April 19th. Finally, Piper Jaffray Companies set a $41.00 price objective on Steven Madden and gave the stock a “buy” rating in a report on Wednesday, May 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.71.

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Steven Madden (NASDAQ SHOO) opened at 43.15 on Tuesday. The stock has a 50 day moving average price of $40.33 and a 200-day moving average price of $38.22. Steven Madden has a 1-year low of $32.30 and a 1-year high of $43.35. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 20.78 and a beta of 0.53.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $374.15 million during the quarter, compared to analyst estimates of $355.22 million. Steven Madden had a return on equity of 15.64% and a net margin of 7.76%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share.

In other news, insider Karla Frieders sold 60,000 shares of Steven Madden stock in a transaction that occurred on 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 owns 148,216 shares of the company’s stock, valued at approximately $5,778,941.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rose Peabody Lynch sold 2,240 shares of Steven Madden stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $39.32, for a total transaction of $88,076.80. Following the sale, the director now directly owns 4,754 shares in the company, valued at approximately $186,927.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,740 shares of company stock worth $4,832,677. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Steven Madden by 0.4% in the second quarter. Amalgamated Bank now owns 8,107 shares of the textile maker’s stock valued at $324,000 after buying an additional 32 shares during the last quarter. Jennison Associates LLC raised its stake in Steven Madden by 0.4% in the second quarter. Jennison Associates LLC now owns 11,834 shares of the textile maker’s stock valued at $473,000 after buying an additional 44 shares during the last quarter. First Mercantile Trust Co. raised its stake in Steven Madden by 1.7% in the second quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock valued at $143,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Steven Madden by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the textile maker’s stock valued at $848,000 after buying an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Steven Madden by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 19,118 shares of the textile maker’s stock valued at $763,000 after buying an additional 189 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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