Favorable Media Coverage Very Unlikely to Affect Steven Madden (NASDAQ:SHOO) Stock Price
Media coverage about Steven Madden (NASDAQ:SHOO) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Steven Madden earned a daily sentiment score of 0.48 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 25 out of 100, meaning that recent press coverage is very unlikely to have an impact on the company’s share price in the near future.
Several analysts recently commented on SHOO shares. B. Riley reiterated a “buy” rating and issued a $45.00 price objective on shares of Steven Madden in a research note on Saturday, April 29th. Citigroup Inc. lifted their target price on shares of Steven Madden from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Piper Jaffray Companies set a $41.00 target price on shares of Steven Madden and gave the stock a “buy” rating in a research report on Friday, April 21st. Canaccord Genuity restated a “buy” rating and set a $45.00 target price on shares of Steven Madden in a research report on Wednesday, April 19th. Finally, Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.18.
Shares of Steven Madden (NASDAQ SHOO) opened at 38.60 on Monday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 19.35 and a beta of 0.54. The firm’s 50-day moving average is $38.44 and its 200 day moving average is $37.26. Steven Madden has a 1-year low of $32.30 and a 1-year high of $40.75.
Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Friday, April 21st. The textile maker reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. The company had revenue of $366.40 million during the quarter, compared to analysts’ expectations of $359.52 million. Steven Madden had a return on equity of 17.17% and a net margin of 8.17%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $0.33 earnings per share. Equities analysts expect that Steven Madden will post $2.19 EPS for the current fiscal year.
In other Steven Madden news, CFO Arvind Dharia sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $40.22, for a total transaction of $804,400.00. Following the transaction, the chief financial officer now owns 66,662 shares in the company, valued at $2,681,145.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rose Peabody Lynch sold 2,240 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $39.32, for a total value of $88,076.80. Following the transaction, the director now owns 4,754 shares in the company, valued at approximately $186,927.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,194 shares of company stock valued at $4,927,107. Corporate insiders own 2.20% of the company’s stock.
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About Steven Madden
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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