Steven Madden, Ltd. (NASDAQ:SHOO) – Stock analysts at KeyCorp lowered their Q4 2017 earnings estimates for Steven Madden in a report issued on Tuesday. KeyCorp analyst E. Yruma now anticipates that the textile maker will earn $0.46 per share for the quarter, down from their prior forecast of $0.51. KeyCorp also issued estimates for Steven Madden’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.54 EPS.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $441.19 million for the quarter, compared to analyst estimates of $441.03 million. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. Steven Madden’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share.

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Other research analysts have also issued reports about the company. Piper Jaffray Companies reiterated a “buy” rating and set a $45.00 target price on shares of Steven Madden in a report on Thursday, August 3rd. B. Riley reiterated a “buy” rating and set a $47.00 target price on shares of Steven Madden in a report on Wednesday, August 2nd. BidaskClub upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.96.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank raised its stake in shares of Steven Madden by 0.4% in the 2nd quarter. Amalgamated Bank now owns 8,107 shares of the textile maker’s stock valued at $324,000 after purchasing an additional 32 shares during the period. Jennison Associates LLC increased its position in shares of 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 acquiring an additional 44 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of 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 acquiring an additional 60 shares during the last quarter. CS Mckee LP increased its position in shares of Steven Madden by 0.5% in the second quarter. CS Mckee LP now owns 22,175 shares of the textile maker’s stock valued at $886,000 after acquiring an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 189 shares during the last quarter. 91.15% of the stock is currently owned by hedge funds and other 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.

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

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