News stories about Steven Madden (NASDAQ:SHOO) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Steven Madden earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 46.4115394973352 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
A number of analysts have issued reports on SHOO shares. Zacks Investment Research raised Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, August 18th. B. Riley reissued a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research report on Tuesday, August 8th. Canaccord Genuity set a $47.00 price objective on Steven Madden and gave the stock a “buy” rating in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $45.00 price objective (up from $41.00) on shares of Steven Madden in a research report on Tuesday, August 8th. Finally, Buckingham Research cut their price objective on Steven Madden from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Steven Madden currently has a consensus rating of “Buy” and a consensus price target of $44.71.
Shares of Steven Madden (NASDAQ:SHOO) traded down $0.10 during midday trading on Friday, reaching $42.65. The company’s stock had a trading volume of 829,942 shares, compared to its average volume of 605,468. Steven Madden has a one year low of $33.50 and a one year high of $44.40. The stock has a market capitalization of $2,526.67, a PE ratio of 19.08, a P/E/G ratio of 1.61 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 for the quarter, meeting the Zacks’ consensus estimate of $0.77. The company had revenue of $441.19 million during the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. equities analysts anticipate that Steven Madden will post 2.21 EPS for the current fiscal year.
In related news, President Amelia Varela sold 25,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.78, for a total transaction of $1,069,500.00. Following the transaction, the president now owns 113,007 shares of the company’s stock, valued at $4,834,439.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard P. Randall sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total value of $76,100.00. Following the sale, the director now owns 22,809 shares in the company, valued at $867,882.45. The disclosure for this sale can be found here. Insiders own 2.06% 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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