Analysts forecast that Steven Madden, Ltd. (NASDAQ:SHOO) will announce $404.92 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Steven Madden’s earnings, with the lowest sales estimate coming in at $400.50 million and the highest estimate coming in at $410.52 million. Steven Madden posted sales of $389.01 million in the same quarter last year, which suggests a positive year over year growth rate of 4.1%. The firm is scheduled to announce its next earnings results on Friday, April 19th.
According to Zacks, analysts expect that Steven Madden will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.73 billion to $1.74 billion. For the next financial year, analysts expect that the business will report sales of $1.83 billion, with estimates ranging from $1.81 billion to $1.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Steven Madden.
Steven Madden (NASDAQ:SHOO) last released its quarterly earnings results on Wednesday, February 27th. The textile maker reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $410.36 million for the quarter, compared to analyst estimates of $401.50 million. Steven Madden had a net margin of 7.81% and a return on equity of 19.00%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.
A number of analysts have issued reports on SHOO shares. BidaskClub raised Steven Madden from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 18th. ValuEngine upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Telsey Advisory Group downgraded shares of Steven Madden from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $40.00 to $37.00 in a research note on Thursday, January 31st. Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, February 15th. Finally, Loop Capital boosted their price target on shares of Steven Madden to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Steven Madden has an average rating of “Hold” and an average price target of $35.73.
Several hedge funds have recently modified their holdings of SHOO. Valeo Financial Advisors LLC purchased a new stake in Steven Madden in the first quarter valued at $60,000. TrimTabs Asset Management LLC lifted its position in Steven Madden by 5.0% in the first quarter. TrimTabs Asset Management LLC now owns 38,944 shares of the textile maker’s stock valued at $1,318,000 after acquiring an additional 1,855 shares during the last quarter. Deutsche Bank AG lifted its position in Steven Madden by 165.2% in the fourth quarter. Deutsche Bank AG now owns 391,497 shares of the textile maker’s stock valued at $11,844,000 after acquiring an additional 243,875 shares during the last quarter. Geode Capital Management LLC lifted its position in Steven Madden by 65.5% in the fourth quarter. Geode Capital Management LLC now owns 1,014,570 shares of the textile maker’s stock valued at $30,700,000 after acquiring an additional 401,540 shares during the last quarter. Finally, Norges Bank purchased a new stake in Steven Madden in the fourth quarter valued at $41,764,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Shares of SHOO stock traded down $0.06 during trading on Friday, hitting $33.69. 5,188 shares of the stock traded hands, compared to its average volume of 459,769. The firm has a market cap of $2.88 billion, a PE ratio of 18.49, a PEG ratio of 2.06 and a beta of 0.58. Steven Madden has a 52-week low of $27.88 and a 52-week high of $39.30.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 19th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.66%. Steven Madden’s payout ratio is currently 30.60%.
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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