Steven Madden (SHOO) Given Daily Media Sentiment Rating of 0.40
News headlines about Steven Madden (NASDAQ:SHOO) have been trending positive this week, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Steven Madden earned a media sentiment score of 0.40 on Alpha One’s scale. Alpha One also gave news stories about the textile maker an impact score of 69 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected AlphaOne’s rankings:
- Steven Madden, Ltd. (SHOO) Given Buy Rating at Canaccord Genuity (americanbankingnews.com)
- Zacks Investment Research Downgrades Steven Madden, Ltd. (SHOO) to Hold (americanbankingnews.com)
- Analysts Expect Steven Madden, Ltd. (SHOO) Will Announce Earnings of $0.43 Per Share (americanbankingnews.com)
- Steven Madden, Ltd. (SHOO) to Release Quarterly Earnings on Friday (americanbankingnews.com)
- Steven Madden, Ltd. (SHOO) Given “Positive” Rating at Susquehanna Bancshares Inc (americanbankingnews.com)
Several research firms have recently issued reports on SHOO. Jefferies Group LLC downgraded Steven Madden from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a research note on Tuesday, January 3rd. Zacks Investment Research downgraded Steven Madden from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. Piper Jaffray Companies set a $33.00 price target on Steven Madden and gave the stock a “hold” rating in a research note on Tuesday, January 10th. Canaccord Genuity set a $40.00 price target on Steven Madden and gave the stock a “buy” rating in a research note on Saturday, January 28th. Finally, Citigroup Inc raised Steven Madden from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 31st. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.00.
Shares of Steven Madden (NASDAQ:SHOO) traded up 1.78% on Thursday, reaching $37.15. 670,208 shares of the company traded hands. The firm has a 50-day moving average of $37.51 and a 200-day moving average of $36.51. Steven Madden has a 52-week low of $31.68 and a 52-week high of $40.55. The company has a market capitalization of $2.22 billion, a PE ratio of 18.30 and a beta of 0.43.
Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Tuesday, February 28th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm earned $336.40 million during the quarter, compared to the consensus estimate of $338.19 million. Steven Madden had a return on equity of 16.26% and a net margin of 8.11%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. On average, equities research analysts forecast that Steven Madden will post $2.17 earnings per share for the current fiscal year.
In other news, CEO Edward R. Rosenfeld sold 27,500 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $36.73, for a total transaction of $1,010,075.00. Following the completion of the sale, the chief executive officer now directly owns 495,978 shares of the company’s stock, valued at approximately $18,217,271.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karla Frieders sold 10,600 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $37.59, for a total value of $398,454.00. Following the sale, the insider now directly owns 79,269 shares of the company’s stock, valued at $2,979,721.71. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
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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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