Steven Madden, Ltd. (NASDAQ:SHOO) – Analysts at Jefferies Group upped their FY2018 EPS estimates for shares of Steven Madden in a report released on Friday. Jefferies Group analyst J. Stichter now expects that the textile maker will earn $2.45 per share for the year, up from their previous estimate of $2.40. Jefferies Group currently has a “Hold” rating and a $39.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, January 10th. Buckingham Research cut their price target on shares of Steven Madden from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. B. Riley set a $47.00 price target on shares of Steven Madden and gave the company a “buy” rating in a report on Thursday, October 26th. Canaccord Genuity set a $47.00 price target on shares of Steven Madden and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Susquehanna Bancshares reissued a “buy” rating and issued a $48.00 price objective on shares of Steven Madden in a research note on Monday, October 23rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.13.

Steven Madden (SHOO) opened at $48.80 on Monday. The stock has a market cap of $2,884.24, a PE ratio of 23.13, a PEG ratio of 1.77 and a beta of 0.51. Steven Madden has a twelve month low of $33.50 and a twelve month high of $48.90.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results 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. The business had revenue of $441.19 million during the quarter, compared to the consensus estimate of $441.03 million. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS.

In other Steven Madden news, COO Awadhesh K. Sinha sold 6,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $45.03, for a total transaction of $292,695.00. Following the sale, the chief operating officer now directly owns 63,383 shares of the company’s stock, valued at approximately $2,854,136.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard P. Randall sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total transaction of $76,100.00. Following the sale, the director now directly owns 22,809 shares in the company, valued at $867,882.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,000 shares of company stock worth $1,460,100. 2.06% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. boosted its stake in shares of Steven Madden by 8.6% during the 3rd quarter. Macquarie Group Ltd. now owns 2,443,422 shares of the textile maker’s stock worth $105,800,000 after purchasing an additional 193,391 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Steven Madden by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,691,671 shares of the textile maker’s stock worth $73,248,000 after purchasing an additional 37,264 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Steven Madden by 0.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,641,855 shares of the textile maker’s stock worth $70,681,000 after purchasing an additional 8,679 shares during the last quarter. State Street Corp boosted its stake in shares of Steven Madden by 5.2% during the 2nd quarter. State Street Corp now owns 1,505,434 shares of the textile maker’s stock worth $60,144,000 after purchasing an additional 75,022 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Steven Madden by 2.0% during the 2nd quarter. Royal Bank of Canada now owns 1,177,884 shares of the textile maker’s stock worth $47,056,000 after purchasing an additional 23,334 shares during the last quarter. 92.98% of the stock is currently owned by institutional investors.

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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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