Media headlines about Steven Madden (NASDAQ:SHOO) have been trending positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steven Madden earned a coverage optimism score of 0.40 on Alpha One’s scale. Alpha One also gave news headlines about the textile maker an impact score of 69 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the next several days.
Shares of Steven Madden (NASDAQ:SHOO) opened at 37.25 on Friday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 18.67 and a beta of 0.43. Steven Madden has a 52-week low of $32.14 and a 52-week high of $40.55. The firm has a 50-day moving average price of $37.58 and a 200-day moving average price of $37.12.
Steven Madden (NASDAQ:SHOO) last posted its earnings results on Friday, April 21st. The textile maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $366.40 million during the quarter, compared to the consensus estimate of $359.52 million. Steven Madden had a net margin of 8.11% and a return on equity of 16.26%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, analysts predict that Steven Madden will post $2.19 EPS for the current year.
A number of research firms have recently weighed in on SHOO. Canaccord Genuity set a $40.00 target price on Steven Madden and gave the company a “buy” rating in a report on Saturday, January 28th. Citigroup Inc upgraded Steven Madden from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st. Susquehanna Bancshares Inc restated a “positive” rating and issued a $42.00 target price on shares of Steven Madden in a report on Tuesday, January 31st. Piper Jaffray Companies set a $33.00 price target on Steven Madden and gave the stock a “hold” rating in a report on Tuesday, January 31st. Finally, B. Riley upgraded Steven Madden from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $45.00 in a report on Monday, February 27th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.20.
In other Steven Madden news, insider Karla Frieders sold 10,600 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $37.59, for a total value of $398,454.00. Following the completion of the transaction, the insider now owns 79,269 shares in the company, valued at $2,979,721.71. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard P. Randall sold 2,454 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $38.48, for a total transaction of $94,429.92. Following the completion of the transaction, the director now owns 24,551 shares of the company’s stock, valued at approximately $944,722.48. The disclosure for this sale can be found here. Insiders have sold 40,554 shares of company stock valued at $1,502,959 over the last 90 days. 2.20% of the stock is currently owned by insiders.
Steven Madden Company Profile
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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