Steven Madden (SHOO) Issues FY 2018 Earnings Guidance

Steven Madden (NASDAQ:SHOO) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.76-1.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of $1.639-1.654 billion, compared to the consensus revenue estimate of $1.65 billion.

Several brokerages have issued reports on SHOO. Buckingham Research dropped their target price on Steven Madden to $36.00 and set a buy rating on the stock in a research report on Wednesday, October 17th. Loop Capital reissued a hold rating and issued a $36.00 price objective on shares of Steven Madden in a research report on Tuesday, July 31st. Zacks Investment Research cut Steven Madden from a hold rating to a sell rating in a research report on Friday, October 19th. Citigroup lowered their price objective on Steven Madden from $40.67 to $38.00 and set a buy rating for the company in a research report on Friday, October 19th. Finally, BidaskClub cut Steven Madden from a strong-buy rating to a buy rating in a research report on Friday, July 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Steven Madden has an average rating of Hold and an average price target of $35.47.

Steven Madden stock opened at $29.13 on Tuesday. The firm has a market capitalization of $2.49 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.49 and a beta of 0.53. Steven Madden has a 1-year low of $24.83 and a 1-year high of $39.30.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, July 31st. The textile maker reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $395.80 million during the quarter, compared to analysts’ expectations of $390.57 million. Steven Madden had a return on equity of 17.01% and a net margin of 8.17%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Research analysts expect that Steven Madden will post 1.79 earnings per share for the current fiscal year.

In other Steven Madden news, Director Rose Peabody Lynch sold 2,500 shares of Steven Madden stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $57.27, for a total transaction of $143,175.00. Following the completion of the transaction, the director now owns 7,103 shares in the company, valued at approximately $406,788.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karla Frieders sold 7,000 shares of Steven Madden stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $56.89, for a total value of $398,230.00. Following the transaction, the insider now owns 75,280 shares of the company’s stock, valued at approximately $4,282,679.20. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock valued at $771,405 in the last 90 days. 1.77% of the stock is currently owned by company insiders.

Steven Madden Company Profile

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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