$363.50 Million in Sales Expected for Steven Madden, Ltd. (SHOO) This Quarter

Equities analysts expect that Steven Madden, Ltd. (NASDAQ:SHOO) will post sales of $363.50 million for the current quarter, according to Zacks. Four analysts have issued estimates for Steven Madden’s earnings. The highest sales estimate is $364.40 million and the lowest is $361.20 million. Steven Madden posted sales of $336.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The firm is expected to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Steven Madden will report full year sales of $363.50 million for the current year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.63 billion per share, with estimates ranging from $1.61 billion to $1.66 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Steven Madden.

SHOO has been the topic of a number of research analyst reports. Zacks Investment Research raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Wedbush reissued a “buy” rating and issued a $53.00 target price on shares of Steven Madden in a research report on Tuesday, December 19th. Jefferies Group set a $39.00 target price on Steven Madden and gave the company a “hold” rating in a research report on Tuesday, October 31st. BidaskClub raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Susquehanna Bancshares reissued a “buy” rating and issued a $48.00 target price on shares of Steven Madden in a research report on Monday, October 23rd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $49.13.

Shares of Steven Madden (NASDAQ:SHOO) opened at $42.70 on Monday. The stock has a market capitalization of $2,523.70, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.41. Steven Madden has a 12-month low of $34.05 and a 12-month high of $49.28.

In other Steven Madden news, President Amelia Varela sold 25,000 shares of the business’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 transaction, the president now owns 113,007 shares in the company, valued at $4,834,439.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Awadhesh K. Sinha sold 6,500 shares of the business’s stock in a transaction on Monday, December 18th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 32,000 shares of company stock valued at $1,384,000. Insiders own 2.06% of the company’s stock.

Several large investors have recently bought and sold shares of SHOO. Old Mutual Global Investors UK Ltd. grew its stake in shares of Steven Madden by 1,756.3% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 309,456 shares of the textile maker’s stock worth $13,399,000 after acquiring an additional 292,785 shares in the last quarter. Emerald Advisers Inc. PA grew its stake in shares of Steven Madden by 61.2% in the fourth quarter. Emerald Advisers Inc. PA now owns 639,344 shares of the textile maker’s stock worth $29,857,000 after acquiring an additional 242,767 shares in the last quarter. Monarch Partners Asset Management LLC acquired a new position in shares of Steven Madden during the fourth quarter worth $9,270,000. Macquarie Group Ltd. grew its stake in shares of Steven Madden by 8.6% during the third quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock worth $105,800,000 after purchasing an additional 193,391 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of Steven Madden during the third quarter worth $7,707,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

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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.

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