Steven Madden, Ltd. (NASDAQ:SHOO) has earned an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $28.18.
SHOO has been the subject of a number of recent analyst reports. Loop Capital upped their target price on Steven Madden from $25.00 to $35.00 in a report on Wednesday, December 9th. 140166 raised Steven Madden from a “neutral” rating to a “positive” rating and upped their price target for the stock from $24.00 to $25.00 in a research note on Monday, October 12th. BidaskClub raised Steven Madden from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 18th. B. Riley upped their price target on Steven Madden from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, December 10th. Finally, KeyCorp upped their price target on Steven Madden from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, December 7th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Matarin Capital Management LLC purchased a new stake in shares of Steven Madden in the third quarter worth $810,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Steven Madden in the third quarter worth $624,000. Public Employees Retirement System of Ohio grew its stake in shares of Steven Madden by 10.0% in the third quarter. Public Employees Retirement System of Ohio now owns 5,689 shares of the textile maker’s stock worth $111,000 after acquiring an additional 516 shares during the last quarter. Paloma Partners Management Co boosted its position in shares of Steven Madden by 248.0% during the third quarter. Paloma Partners Management Co now owns 46,162 shares of the textile maker’s stock valued at $901,000 after buying an additional 32,897 shares during the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Steven Madden during the third quarter valued at $5,731,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Steven Madden stock traded down $0.34 during midday trading on Friday, reaching $34.63. 10,704 shares of the company’s stock traded hands, compared to its average volume of 875,408. The company has a market cap of $2.88 billion, a PE ratio of 85.29 and a beta of 1.05. The stock has a 50 day moving average of $31.19 and a 200-day moving average of $24.43. Steven Madden has a 12 month low of $16.38 and a 12 month high of $43.76.
Steven Madden (NASDAQ:SHOO) last announced its earnings results on Tuesday, October 27th. The textile maker reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.17. The company had revenue of $342.83 million during the quarter, compared to the consensus estimate of $328.74 million. Steven Madden had a return on equity of 10.70% and a net margin of 2.56%. The firm’s revenue for the quarter was down 31.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. Research analysts anticipate that Steven Madden will post 0.39 EPS for the current year.
About Steven Madden
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, GREATS, Blondo, and Anne Klein brands, as well as private label footwear.
Featured Article: What is a price target?