Steven Madden, Ltd. (NASDAQ:SHOO)‘s stock had its “buy” rating reaffirmed by research analysts at Susquehanna Bancshares Inc in a report issued on Tuesday, November 7th. They currently have a $48.00 target price on the textile maker’s stock. Susquehanna Bancshares Inc’s price objective points to a potential upside of 22.14% from the company’s current price.
Other equities analysts have also issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $47.00 price target on shares of Steven Madden in a report on Tuesday, August 8th. BidaskClub raised shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Canaccord Genuity set a $47.00 price objective on shares of Steven Madden and gave the company a “buy” rating in a report on Wednesday, August 2nd. Telsey Advisory Group boosted their price objective on shares of Steven Madden from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $39.00 price objective (up from $37.00) on shares of Steven Madden in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Steven Madden presently has an average rating of “Hold” and an average target price of $43.96.
Shares of Steven Madden (SHOO) traded up $0.45 during trading hours on Tuesday, hitting $39.30. 782,800 shares of the company were exchanged, compared to its average volume of 493,314. Steven Madden has a 1 year low of $33.50 and a 1 year high of $44.40. The company has a market cap of $2,322.76, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.48.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The firm had revenue of $441.19 million during the quarter, compared to the consensus estimate of $441.03 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. equities research analysts predict that Steven Madden will post 2.21 EPS for the current year.
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In other news, Director Richard P. Randall sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $38.05, for a total value of $76,100.00. Following the completion of the sale, the director now owns 22,809 shares of the company’s stock, valued at approximately $867,882.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.06% of the company’s stock.
Several hedge funds have recently modified their holdings of SHOO. Riverhead Capital Management LLC lifted its holdings in shares of Steven Madden by 97.1% in the 2nd 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 last quarter. Meeder Asset Management Inc. acquired a new stake in Steven Madden during the 2nd quarter worth approximately $127,000. First Mercantile Trust Co. lifted its holdings in Steven Madden by 1.7% during the 2nd quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock worth $143,000 after buying an additional 60 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in Steven Madden during the 3rd quarter worth approximately $158,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Steven Madden by 9.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,575 shares of the textile maker’s stock worth $176,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 91.44% 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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