Steven Madden, Ltd. (NASDAQ:SHOO) – Analysts at Jefferies Financial Group raised their Q4 2018 EPS estimates for Steven Madden in a note issued to investors on Tuesday, October 30th. Jefferies Financial Group analyst J. Stichter now anticipates that the textile maker will post earnings of $0.41 per share for the quarter, up from their previous estimate of $0.41. Jefferies Financial Group also issued estimates for Steven Madden’s FY2019 earnings at $1.95 EPS.
A number of other analysts also recently issued reports on the company. Loop Capital raised Steven Madden from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday. Wedbush decreased their target price on Steven Madden from $55.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Wells Fargo & Co decreased their target price on Steven Madden from $50.00 to $30.00 and set a “market perform” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research downgraded Steven Madden from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Citigroup decreased their target price on Steven Madden from $40.67 to $38.00 and set a “buy” rating for the company in a research report on Friday, October 19th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Steven Madden has a consensus rating of “Hold” and a consensus price target of $37.52.
NASDAQ:SHOO opened at $32.41 on Friday. Steven Madden has a 1 year low of $24.90 and a 1 year high of $39.30. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.69 and a beta of 0.53.
Steven Madden (NASDAQ:SHOO) last released its earnings results on Tuesday, October 30th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. Steven Madden had a return on equity of 18.05% and a net margin of 8.79%. The business had revenue of $458.48 million during the quarter, compared to the consensus estimate of $472.80 million. During the same period last year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc boosted its stake in Steven Madden by 81.8% during the second quarter. NumerixS Investment Technologies Inc now owns 2,000 shares of the textile maker’s stock valued at $108,000 after buying an additional 900 shares during the period. Amalgamated Bank boosted its stake in Steven Madden by 11.4% during the second quarter. Amalgamated Bank now owns 9,416 shares of the textile maker’s stock valued at $500,000 after buying an additional 960 shares during the period. Strs Ohio boosted its stake in Steven Madden by 27.0% during the second quarter. Strs Ohio now owns 4,700 shares of the textile maker’s stock valued at $249,000 after buying an additional 1,000 shares during the period. Piedmont Investment Advisors LLC boosted its stake in Steven Madden by 9.3% during the second quarter. Piedmont Investment Advisors LLC now owns 12,357 shares of the textile maker’s stock valued at $656,000 after buying an additional 1,049 shares during the period. Finally, Legal & General Group Plc boosted its stake in Steven Madden by 1.4% during the first quarter. Legal & General Group Plc now owns 112,579 shares of the textile maker’s stock valued at $4,926,000 after buying an additional 1,607 shares during the period. 63.95% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Karla Frieders sold 7,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $56.89, for a total value of $398,230.00. Following the completion of the transaction, the insider now directly owns 75,280 shares of the company’s stock, valued at $4,282,679.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rose Peabody Lynch sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $57.27, for a total value of $143,175.00. Following the completion of the transaction, the director now directly owns 7,103 shares of the company’s stock, valued at $406,788.81. The disclosure for this sale can be found here. Insiders sold 13,500 shares of company stock valued at $771,405 over the last ninety days. Corporate insiders own 1.77% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 21st will be issued a $0.14 dividend. This is a positive change from Steven Madden’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 20th. Steven Madden’s dividend payout ratio (DPR) is presently 35.57%.
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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