Steven Madden, Ltd. (NASDAQ:SHOO) – Stock analysts at Jefferies Group lowered their Q4 2017 EPS estimates for shares of Steven Madden in a report issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the textile maker will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.52. Jefferies Group has a “Hold” rating and a $39.00 price objective on the stock.
Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS.
SHOO has been the topic of several other reports. Zacks Investment Research lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Canaccord Genuity set a $47.00 price objective on shares of Steven Madden and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, ValuEngine raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.96.
Steven Madden (SHOO) traded down 2.44% during trading on Wednesday, reaching $38.05. The company had a trading volume of 273,168 shares. The stock has a 50 day moving average of $42.12 and a 200-day moving average of $40.23. Steven Madden has a 12-month low of $33.50 and a 12-month high of $44.40. The stock has a market capitalization of $2.25 billion, a P/E ratio of 18.32 and a beta of 0.51.
Institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC raised its position in shares of Steven Madden by 97.1% in the second quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock worth $102,000 after acquiring an additional 1,262 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Steven Madden in the second quarter worth about $127,000. First Mercantile Trust Co. raised its position in shares of Steven Madden by 1.7% in the second quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock worth $143,000 after acquiring an additional 60 shares during the period. Fortaleza Asset Management Inc. acquired a new position in shares of Steven Madden in the third quarter worth about $158,000. Finally, First Quadrant L P CA acquired a new position in shares of Steven Madden in the third quarter worth about $191,000. Institutional investors and hedge funds own 91.15% of the company’s stock.
About Steven Madden
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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