Headlines about Steve Madden (NASDAQ:SHOO) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Steve Madden earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the textile maker an impact score of 46.9525840977601 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
SHOO has been the subject of several research reports. Wedbush restated a “buy” rating and set a $53.00 price objective on shares of Steve Madden in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of Steve Madden from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. BidaskClub upgraded shares of Steve Madden from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Piper Jaffray set a $51.00 price objective on shares of Steve Madden and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Canaccord Genuity set a $50.00 price objective on shares of Steve Madden and gave the company a “buy” rating in a research note on Sunday, January 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $49.29.
Shares of SHOO traded down $0.60 during trading hours on Friday, hitting $46.05. The stock had a trading volume of 447,219 shares, compared to its average volume of 432,653. Steve Madden has a fifty-two week low of $35.55 and a fifty-two week high of $49.28. The stock has a market cap of $2,742.18, a P/E ratio of 20.92, a P/E/G ratio of 1.50 and a beta of 0.47.
Steve Madden (NASDAQ:SHOO) last posted its earnings results on Tuesday, February 27th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Steve 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 business posted $0.49 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. analysts forecast that Steve Madden will post 2.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Monday, March 12th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Friday, March 9th. Steve Madden’s dividend payout ratio is currently 35.71%.
In related news, CEO Edward R. Rosenfeld sold 33,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $45.82, for a total value of $1,512,060.00. Following the completion of the transaction, the chief executive officer now directly owns 515,200 shares in the company, valued at approximately $23,606,464. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.06% of the company’s stock.
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About Steve Madden
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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