Q3 2019 EPS Estimates for Steven Madden, Ltd. (NASDAQ:SHOO) Lowered by Analyst

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Steven Madden, Ltd. (NASDAQ:SHOO) – Equities researchers at KeyCorp decreased their Q3 2019 earnings per share (EPS) estimates for Steven Madden in a research note issued to investors on Thursday, April 25th, Zacks Investment Research reports. KeyCorp analyst E. Yruma now forecasts that the textile maker will earn $0.62 per share for the quarter, down from their previous forecast of $0.65. KeyCorp also issued estimates for Steven Madden’s FY2020 earnings at $2.05 EPS.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Thursday, April 25th. The textile maker reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. The firm had revenue of $410.90 million for the quarter, compared to analyst estimates of $404.31 million. Steven Madden had a net margin of 8.06% and a return on equity of 19.36%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS.

Several other research analysts have also commented on SHOO. BidaskClub upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. ValuEngine lowered shares of Steven Madden from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Jaffray Companies lowered shares of Steven Madden from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $32.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, February 15th. Finally, B. Riley restated a “buy” rating on shares of Steven Madden in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Steven Madden has a consensus rating of “Hold” and an average target price of $35.33.

Steven Madden stock opened at $31.72 on Monday. Steven Madden has a twelve month low of $27.88 and a twelve month high of $39.30. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.92 and a beta of 0.60.

Several hedge funds and other institutional investors have recently bought and sold shares of SHOO. BlackRock Inc. boosted its holdings in shares of Steven Madden by 50.1% during the 4th quarter. BlackRock Inc. now owns 11,790,955 shares of the textile maker’s stock worth $356,795,000 after buying an additional 3,933,542 shares during the period. Norges Bank bought a new stake in Steven Madden in the 4th quarter valued at $41,764,000. Macquarie Group Ltd. boosted its holdings in Steven Madden by 56.1% in the 4th quarter. Macquarie Group Ltd. now owns 3,600,261 shares of the textile maker’s stock valued at $108,949,000 after purchasing an additional 1,293,591 shares during the period. Victory Capital Management Inc. boosted its holdings in Steven Madden by 77.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,600 shares of the textile maker’s stock valued at $79,813,000 after purchasing an additional 1,147,843 shares during the period. Finally, FMR LLC boosted its holdings in Steven Madden by 54.3% in the 4th quarter. FMR LLC now owns 3,120,538 shares of the textile maker’s stock valued at $94,428,000 after purchasing an additional 1,097,757 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

In related news, Director Rose Peabody Lynch sold 2,760 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $35.83, for a total transaction of $98,890.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Paradise sold 2,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $35.99, for a total transaction of $71,980.00. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, June 17th. Steven Madden’s dividend payout ratio is currently 30.60%.

About Steven Madden

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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Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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