News stories about Steven Madden (NASDAQ:SHOO) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog 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 news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 46.9525840977601 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Steven Madden (SHOO) opened at $45.25 on Friday. Steven Madden has a 1 year low of $35.55 and a 1 year high of $49.28. The firm has a market cap of $2,706.91, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.48 and a beta of 0.45.
Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, February 27th. The textile maker reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Steven Madden had a net margin of 7.63% and a return on equity of 16.68%. The firm had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $360.27 million. During the same period in the previous year, the company earned $0.49 earnings per share. Steven Madden’s quarterly revenue was up 8.3% compared to the same quarter last year. analysts anticipate that Steven Madden will post 2.67 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 12th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.80 dividend on an annualized basis and a yield of 1.77%. Steven Madden’s dividend payout ratio (DPR) is presently 39.02%.
SHOO has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $56.00 price objective on shares of Steven Madden in a research report on Tuesday, January 16th. Wells Fargo & Co set a $46.00 price objective on shares of Steven Madden and gave the stock a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray Companies set a $51.00 price objective on shares of Steven Madden and gave the stock a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research cut shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $52.00 price objective (up from $47.00) on shares of Steven Madden in a research report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.29.
In related news, COO Awadhesh K. Sinha sold 6,500 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $45.03, for a total value of $292,695.00. Following the completion of the sale, the chief operating officer now directly owns 63,383 shares of the company’s stock, valued at $2,854,136.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.06% of the stock is 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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