Wall Street brokerages forecast that Steven Madden, Ltd. (NASDAQ:SHOO) will announce sales of $469.27 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Steven Madden’s earnings. The highest sales estimate is $475.00 million and the lowest is $463.54 million. Steven Madden reported sales of $441.19 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The business is expected to issue its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Steven Madden will report full year sales of $1.65 billion for the current fiscal year, with estimates ranging from $1.64 billion to $1.65 billion. For the next year, analysts expect that the company will report sales of $1.74 billion per share, with estimates ranging from $1.73 billion to $1.76 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Steven Madden.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, July 31st. The textile maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. Steven Madden had a net margin of 8.17% and a return on equity of 17.01%. The company had revenue of $395.80 million during the quarter, compared to the consensus estimate of $390.57 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Steven Madden’s revenue for the quarter was up 5.8% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Buckingham Research boosted their price objective on shares of Steven Madden from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Canaccord Genuity reiterated a “buy” rating and set a $62.00 price objective on shares of Steven Madden in a research note on Monday, August 13th. Loop Capital set a $54.00 price objective on shares of Steven Madden and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.58.

SHOO opened at $56.55 on Monday. Steven Madden has a 52-week low of $37.25 and a 52-week high of $58.95. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.97 and a beta of 0.51.

Steven Madden’s stock is scheduled to split before the market opens on Friday, October 12th. The 3-2 split was announced on Monday, September 17th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, October 11th.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th will be paid a $0.20 dividend. The ex-dividend date is Monday, September 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. Steven Madden’s dividend payout ratio (DPR) is presently 35.71%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Steven Madden by 131.6% during the second quarter. Victory Capital Management Inc. now owns 1,949,545 shares of the textile maker’s stock worth $103,520,000 after purchasing an additional 1,107,668 shares during the period. BlackRock Inc. raised its holdings in shares of Steven Madden by 6.5% during the second quarter. BlackRock Inc. now owns 7,499,094 shares of the textile maker’s stock worth $398,201,000 after purchasing an additional 459,305 shares during the period. Jennison Associates LLC raised its holdings in shares of Steven Madden by 35.7% during the second quarter. Jennison Associates LLC now owns 1,311,602 shares of the textile maker’s stock worth $69,646,000 after purchasing an additional 345,001 shares during the period. Cortina Asset Management LLC raised its holdings in shares of Steven Madden by 113.6% during the second quarter. Cortina Asset Management LLC now owns 481,658 shares of the textile maker’s stock worth $25,576,000 after purchasing an additional 256,154 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Steven Madden during the second quarter worth $12,013,000. 95.89% of the stock is currently owned by hedge funds and other institutional investors.

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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