Analysts predict that Steven Madden, Ltd. (NASDAQ:SHOO) will report sales of $400.60 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Steven Madden’s earnings, with the lowest sales estimate coming in at $395.21 million and the highest estimate coming in at $406.10 million. Steven Madden reported sales of $364.37 million in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The company is expected to announce its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Steven Madden will report full-year sales of $1.64 billion for the current year, with estimates ranging from $1.64 billion to $1.65 billion. For the next financial year, analysts expect that the firm will report sales of $1.74 billion, with estimates ranging from $1.73 billion to $1.76 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Steven Madden.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Tuesday, October 30th. The textile maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Steven Madden had a net margin of 8.79% and a return on equity of 18.05%. The business had revenue of $458.48 million during the quarter, compared to the consensus estimate of $472.80 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s revenue was up 3.9% on a year-over-year basis.

A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Steven Madden from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. ValuEngine downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Citigroup downgraded shares of Steven Madden from a “buy” rating to a “neutral” rating and cut their price objective for the company from $38.00 to $34.00 in a research report on Monday, December 3rd. Loop Capital raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, October 30th. Finally, Buckingham Research cut their price objective on shares of Steven Madden to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.73.

NASDAQ:SHOO traded up $0.64 during trading hours on Friday, reaching $31.83. The company had a trading volume of 486,400 shares, compared to its average volume of 480,250. Steven Madden has a 52 week low of $27.77 and a 52 week high of $39.30. The company has a market cap of $2.72 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.52 and a beta of 0.66.

The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 21st were issued a $0.14 dividend. The ex-dividend date was Thursday, December 20th. This represents a $0.56 annualized dividend and a yield of 1.76%. This is an increase from Steven Madden’s previous quarterly dividend of $0.13. Steven Madden’s dividend payout ratio is currently 37.58%.

In related news, Director Richard P. Randall sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $31.28, for a total value of $46,920.00. Following the completion of the transaction, the director now owns 22,070 shares of the company’s stock, valued at approximately $690,349.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.77% of the company’s stock.

A number of institutional investors have recently modified their holdings of SHOO. Strs Ohio boosted its holdings in Steven Madden by 27.0% in the 2nd quarter. Strs Ohio now owns 4,700 shares of the textile maker’s stock worth $249,000 after buying an additional 1,000 shares during the period. GSA Capital Partners LLP boosted its holdings in Steven Madden by 26.7% in the 2nd quarter. GSA Capital Partners LLP now owns 12,079 shares of the textile maker’s stock worth $641,000 after buying an additional 2,548 shares during the period. Legal & General Group Plc boosted its holdings in Steven Madden by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 117,758 shares of the textile maker’s stock worth $6,289,000 after buying an additional 5,179 shares during the period. BlueMountain Capital Management LLC boosted its holdings in Steven Madden by 18.2% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,416 shares of the textile maker’s stock worth $765,000 after buying an additional 2,217 shares during the period. Finally, Raymond James & Associates lifted its stake in Steven Madden by 10.4% in the 2nd quarter. Raymond James & Associates now owns 35,285 shares of the textile maker’s stock worth $1,874,000 after purchasing an additional 3,325 shares in the last quarter. 64.02% of the stock is owned by institutional investors.

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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