FY2018 EPS Estimates for Steven Madden, Ltd. (SHOO) Increased by Analyst

Steven Madden, Ltd. (NASDAQ:SHOO) – Research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for Steven Madden in a research report issued on Friday. Jefferies Group analyst J. Stichter now forecasts that the textile maker will post earnings per share of $2.45 for the year, up from their previous forecast of $2.40. Jefferies Group currently has a “Hold” rating and a $39.00 price target on the stock.

A number of other equities research analysts also recently issued reports on SHOO. Zacks Investment Research downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $48.00 target price on shares of Steven Madden in a report on Monday, October 23rd. Canaccord Genuity set a $47.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley set a $47.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Steven Madden presently has an average rating of “Buy” and a consensus price target of $49.13.

Shares of Steven Madden (SHOO) opened at $48.80 on Monday. Steven Madden has a 1 year low of $33.50 and a 1 year high of $48.90. The stock has a market cap of $2,884.24, a price-to-earnings ratio of 23.13, a PEG ratio of 1.77 and a beta of 0.51.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. boosted its holdings in shares of Steven Madden by 8.6% during the 3rd quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock valued at $105,800,000 after purchasing an additional 193,391 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Steven Madden by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,691,671 shares of the textile maker’s stock valued at $73,248,000 after purchasing an additional 37,264 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Steven Madden by 0.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,641,855 shares of the textile maker’s stock valued at $70,681,000 after purchasing an additional 8,679 shares during the last quarter. State Street Corp boosted its holdings in shares of Steven Madden by 5.2% during the 2nd quarter. State Street Corp now owns 1,505,434 shares of the textile maker’s stock valued at $60,144,000 after purchasing an additional 75,022 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Steven Madden by 2.0% during the 2nd quarter. Royal Bank of Canada now owns 1,177,884 shares of the textile maker’s stock valued at $47,056,000 after purchasing an additional 23,334 shares during the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.

In other Steven Madden news, COO Awadhesh K. Sinha sold 6,500 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $45.03, for a total transaction of $292,695.00. Following the completion of the transaction, the chief operating officer now owns 63,383 shares of the company’s stock, valued at approximately $2,854,136.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard P. Randall sold 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $38.05, for a total transaction of $76,100.00. Following the transaction, the director now directly owns 22,809 shares of the company’s stock, valued at approximately $867,882.45. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock valued at $1,460,100 in the last ninety days. 2.06% of the stock is currently owned by insiders.

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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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