Wall Street brokerages expect Steven Madden, Ltd. (NASDAQ:SHOO) to report earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Six analysts have issued estimates for Steven Madden’s earnings, with estimates ranging from $0.36 to $0.41. Steven Madden reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year-over-year growth rate of 18.8%. The company is expected to announce its next earnings report on Tuesday, February 26th.
On average, analysts expect that Steven Madden will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.82. For the next financial year, analysts expect that the company will post earnings of $1.92 per share, with EPS estimates ranging from $1.85 to $1.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Steven Madden.
Several equities analysts have 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 report on Tuesday, October 30th. Citigroup lowered their price objective on Steven Madden from $40.67 to $38.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Buckingham Research decreased their price objective on Steven Madden to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th. ValuEngine raised Steven Madden from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, BidaskClub raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Steven Madden presently has a consensus rating of “Hold” and an average target price of $37.33.
A number of institutional investors have recently made changes to their positions in SHOO. Emerald Mutual Fund Advisers Trust grew its stake in Steven Madden by 2.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 512,716 shares of the textile maker’s stock valued at $27,123,000 after acquiring an additional 13,242 shares during the last quarter. Raymond James & Associates raised its stake in shares of Steven Madden by 10.4% during the second quarter. Raymond James & Associates now owns 35,285 shares of the textile maker’s stock valued at $1,874,000 after purchasing an additional 3,325 shares during the period. Vanguard Group Inc. raised its stake in shares of Steven Madden by 2.8% during the third quarter. Vanguard Group Inc. now owns 5,272,175 shares of the textile maker’s stock valued at $278,898,000 after purchasing an additional 145,989 shares during the period. Martingale Asset Management L P bought a new stake in shares of Steven Madden in the third quarter worth $387,000. Finally, Vanguard Group Inc boosted its holdings in Steven Madden by 2.8% in the third quarter. Vanguard Group Inc now owns 5,272,175 shares of the textile maker’s stock worth $278,898,000 after purchasing an additional 145,989 shares during the period. Institutional investors own 64.61% of the company’s stock.
Shares of Steven Madden stock opened at $33.69 on Friday. Steven Madden has a one year low of $27.77 and a one year high of $39.30. The stock has a market cap of $2.88 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.61 and a beta of 0.63.
About Steven 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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