Zacks: Brokerages Expect Steven Madden, Ltd. (SHOO) Will Announce Quarterly Sales of $358.34 Million

Equities research analysts expect Steven Madden, Ltd. (NASDAQ:SHOO) to report sales of $358.34 million for the current quarter, Zacks reports. Five analysts have made estimates for Steven Madden’s earnings. The lowest sales estimate is $355.40 million and the highest is $361.20 million. Steven Madden reported sales of $336.41 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is expected to issue its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Steven Madden will report full-year sales of $358.34 million for the current year. For the next fiscal year, analysts forecast that the company will report sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.65 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Steven Madden.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.77. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The company had revenue of $441.19 million during the quarter, compared to analysts’ expectations of $441.03 million. During the same quarter in the previous year, the business earned $0.74 EPS. Steven Madden’s revenue was up 8.0% compared to the same quarter last year.

A number of equities analysts recently issued reports on SHOO shares. Zacks Investment Research cut Steven Madden from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the company a “buy” rating in a research report on Tuesday, August 15th. ValuEngine raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Telsey Advisory Group decreased their target price on Steven Madden from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and set a $48.00 target price on shares of Steven Madden in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.88.

In other news, President Amelia Varela sold 25,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.78, for a total value of $1,069,500.00. Following the completion of the transaction, the president now directly owns 113,007 shares of the company’s stock, valued at approximately $4,834,439.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard P. Randall sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total value of $76,100.00. Following the completion of the transaction, the director now directly owns 22,809 shares of the company’s stock, valued at $867,882.45. The disclosure for this sale can be found here. Insiders own 2.06% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its position in Steven Madden by 97.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock valued at $102,000 after buying an additional 1,262 shares in the last quarter. First Mercantile Trust Co. increased its position 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 valued at $143,000 after buying an additional 60 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new position in Steven Madden during the 3rd quarter valued at about $158,000. First Quadrant L P CA acquired a new position in Steven Madden during the 3rd quarter valued at about $191,000. Finally, Public Employees Retirement System of Ohio increased its position 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 valued at $176,000 after buying an additional 403 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

Steven Madden (NASDAQ SHOO) opened at $43.55 on Wednesday. Steven Madden has a 1-year low of $33.50 and a 1-year high of $44.40. The stock has a market capitalization of $2,579.86, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.65 and a beta of 0.52.

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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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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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