Zacks: Analysts Expect Steven Madden, Ltd. (SHOO) Will Post Earnings of $0.47 Per Share

Equities analysts expect Steven Madden, Ltd. (NASDAQ:SHOO) to report earnings of $0.47 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Steven Madden’s earnings, with estimates ranging from $0.43 to $0.49. Steven Madden posted earnings of $0.49 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.1%. The business is scheduled to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Steven Madden will report full year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.19 to $2.24. For the next year, analysts anticipate that the firm will post earnings of $2.73 per share, with EPS estimates ranging from $2.45 to $2.85. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Steven Madden.

A number of equities research analysts have weighed in on SHOO shares. Susquehanna Bancshares restated a “buy” rating and issued a $48.00 price objective on shares of Steven Madden in a report on Monday, October 23rd. BidaskClub cut shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Telsey Advisory Group restated an “outperform” rating and issued a $51.00 price objective (up previously from $44.00) on shares of Steven Madden in a report on Tuesday, January 9th. Buckingham Research dropped their price objective on shares of Steven Madden from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Finally, Canaccord Genuity set a $47.00 price objective on shares of Steven Madden and gave the company a “buy” rating in a report on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Steven Madden has an average rating of “Buy” and an average price target of $49.13.

Shares of Steven Madden (NASDAQ:SHOO) traded up $0.30 during mid-day trading on Friday, reaching $42.70. 654,947 shares of the company’s stock were exchanged, compared to its average volume of 453,485. Steven Madden has a one year low of $34.05 and a one year high of $49.28. The stock has a market capitalization of $2,540.00, a P/E ratio of 20.33, a PEG ratio of 1.50 and a beta of 0.41.

In related news, President Amelia Varela sold 25,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $42.78, for a total value of $1,069,500.00. Following the completion of the sale, the president now owns 113,007 shares in the company, valued at approximately $4,834,439.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Awadhesh K. Sinha sold 6,500 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 63,383 shares of the company’s stock, valued at approximately $2,854,136.49. The disclosure for this sale can be found here. Insiders have sold a total of 32,000 shares of company stock valued at $1,384,000 in the last 90 days. Insiders own 2.06% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Fortaleza Asset Management Inc. purchased a new position in Steven Madden during the 3rd quarter worth $158,000. First Quadrant L P CA purchased a new position in Steven Madden during the 3rd quarter worth $191,000. Worth Venture Partners LLC purchased a new position in Steven Madden during the 3rd quarter worth $205,000. Public Employees Retirement System of Ohio raised its position in Steven Madden by 9.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,990 shares of the textile maker’s stock worth $199,000 after buying an additional 415 shares during the last quarter. Finally, Shelton Capital Management purchased a new position in Steven Madden during the 2nd quarter worth $214,000. Institutional investors own 92.67% of the company’s stock.

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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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