Somewhat Favorable News Coverage Somewhat Unlikely to Impact Steven Madden (SHOO) Stock Price
Media coverage about Steven Madden (NASDAQ:SHOO) has trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Steven Madden earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.6373698919372 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research firms have recently weighed in on SHOO. Telsey Advisory Group reissued an “outperform” rating and set a $45.00 target price (up from $41.00) on shares of Steven Madden in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, August 18th. B. Riley reissued a “buy” rating and set a $47.00 target price on shares of Steven Madden in a research report on Tuesday, August 8th. Jefferies Group LLC set a $39.00 target price on shares of Steven Madden and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.96.
Shares of Steven Madden (NASDAQ:SHOO) opened at $39.80 on Friday. The company has a market cap of $2,360.00, a P/E ratio of 17.75, a P/E/G ratio of 1.50 and a beta of 0.48. Steven Madden has a 52 week low of $33.50 and a 52 week high of $44.40.
Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Tuesday, October 31st. The textile maker reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. The company had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. Steven Madden’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. analysts forecast that Steven Madden will post 2.21 EPS for the current year.
In related news, Director Richard P. Randall sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 approximately $867,882.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.06% 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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