Steven Madden, Ltd. (NASDAQ:SHOO) – Wedbush issued their Q1 2019 earnings per share (EPS) estimates for shares of Steven Madden in a note issued to investors on Thursday, February 28th. Wedbush analyst C. Svezia expects that the textile maker will post earnings per share of $0.39 for the quarter. Wedbush also issued estimates for Steven Madden’s Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.36 EPS and FY2020 earnings at $1.98 EPS.
SHOO has been the subject of a number of other reports. Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, February 15th. B. Riley restated a “buy” rating and issued a $38.00 price objective on shares of Steven Madden in a report on Monday. Telsey Advisory Group reissued a “market perform” rating and set a $37.00 price objective on shares of Steven Madden in a research report on Thursday. Citigroup cut Steven Madden from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $34.00 in a research note on Monday, December 3rd. Finally, Loop Capital boosted their target price on Steven Madden to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $35.73.
SHOO opened at $32.99 on Friday. Steven Madden has a 12-month low of $27.88 and a 12-month high of $39.30. The company has a market capitalization of $2.86 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.62 and a beta of 0.63.
Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, February 27th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $410.36 million during the quarter, compared to analysts’ expectations of $401.50 million. Steven Madden had a net margin of 8.79% and a return on equity of 18.05%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Steven Madden by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,272,175 shares of the textile maker’s stock valued at $278,898,000 after buying an additional 145,989 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of Steven Madden in the third quarter worth approximately $387,000. Vanguard Group Inc boosted its holdings in shares of Steven Madden by 2.8% in the third quarter. Vanguard Group Inc now owns 5,272,175 shares of the textile maker’s stock worth $278,898,000 after buying an additional 145,989 shares during the last quarter. Shelton Capital Management raised its position in shares of Steven Madden by 50.0% during the fourth quarter. Shelton Capital Management now owns 7,920 shares of the textile maker’s stock valued at $240,000 after buying an additional 2,640 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Steven Madden by 25.5% in the third quarter. AQR Capital Management LLC now owns 120,447 shares of the textile maker’s stock worth $6,372,000 after purchasing an additional 24,489 shares during the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.
Steven Madden Company Profile
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear.
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