Steven Madden, Ltd. (NASDAQ:SHOO) has been assigned a $47.00 price objective by stock analysts at B. Riley in a research note issued to investors on Thursday, October 26th. The brokerage currently has a “buy” rating on the textile maker’s stock. B. Riley’s price objective suggests a potential upside of 18.24% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Steven Madden from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Canaccord Genuity set a $47.00 price objective on Steven Madden and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, ValuEngine raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.96.
Steven Madden (NASDAQ:SHOO) traded up $1.50 during mid-day trading on Thursday, hitting $39.75. The company’s stock had a trading volume of 750,700 shares, compared to its average volume of 592,542. Steven Madden has a 1 year low of $33.50 and a 1 year high of $44.40. The stock has a market cap of $2,349.34, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.50 and a beta of 0.48.
Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The firm had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. During the same period in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts predict that Steven Madden will post 2.21 earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its holdings in shares of Steven Madden by 97.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock valued at $102,000 after acquiring an additional 1,262 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Steven Madden in the 2nd quarter valued at about $127,000. First Mercantile Trust Co. lifted its holdings in shares of Steven Madden by 1.7% in the 2nd quarter. First Mercantile Trust Co. now owns 3,570 shares of the textile maker’s stock valued at $143,000 after acquiring an additional 60 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of Steven Madden in the 3rd quarter valued at about $158,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Steven Madden by 9.7% in the first quarter. Public Employees Retirement System of Ohio now owns 4,575 shares of the textile maker’s stock worth $176,000 after purchasing an additional 403 shares during the last quarter. 90.90% of the stock is owned by hedge funds and other institutional investors.
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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