Zacks: Analysts predict that Steven Madden, Ltd. (NASDAQ:SHOO) to post EPS of $0.73

Analysts expect Steven Madden, Ltd. (NASDAQ:SHOO) reports earnings of $0.73 per share for the current fiscal quarter, Zacks reports. Six analysts made Steven Madden earnings estimates, with the highest EPS estimate of $0.75 and the lowest estimate of $0.72. Steven Madden posted earnings per share of $0.27 in the same quarter last year, indicating a positive year-over-year growth rate of 170.4%. The company is expected to release its next earnings report before the market opens on Thursday, February 24.

According to Zacks, analysts expect Steven Madden to report annual earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.38. For the next fiscal year, analysts expect the company to post earnings of $2.88 per share, with EPS estimates ranging from $2.70 to $3.03. Zacks Investment Research’s earnings per share averages are an average average based on a survey of research analysts who track Steven Madden.

Several analysts have weighed in on the company. Citigroup raised its price target on Steven Madden from $49.00 to $55.00 and gave the company a “strong sell” rating in a Thursday, Nov. 4 research note. B. Riley raised his price target on Steven Madden from $51.00 to $58.00 and gave the stock a “buy” rating in a Thursday, November 4 research note. Jefferies Financial Group raised its price target on Steven Madden from $50.00 to $55.00 and gave the stock a “buy” rating in a Monday, Nov. 1 research note. Telsey Advisory Group raised its price target on Steven Madden from $47.00 to $52.00 and gave the stock a “market performance” rating in a Thursday, November 4 research note. Finally, Zacks Investment Research downgraded Steven Madden from a “buy” rating to a “hold” rating and set a price target of $50.00 for the stock. in a research note on Thursday, January 6. One research analyst rated the stock with a sell rating, two issued a hold rating and six assigned the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $53.67.

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Steven Madden’s stock traded at $0.60 at midday on Friday, hitting $42.07. 561,506 shares of the company were traded, compared to its average volume of 550,012. The company has a 50-day moving average price of $43.15 and a 200-day moving average price of $43.52. The company has a market capitalization of $3.42 billion, a PE ratio of 23.24, a growth price-earnings ratio of 0.95 and a beta of 1.26. Steven Madden has a 1-year low of $33.56 and a 1-year high of $51.56.

Institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC purchased a new stake in Steven Madden’s stock in Q2 valued at approximately $761,000. Goldman Sachs Group Inc. increased its position in Steven Madden by 268.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,194,826 shares of the textile maker valued at $52,285,000 after buying 870,218 additional shares in the last quarter. Federated Hermes Inc. increased its position in Steven Madden by 67.9% in the second quarter. Federated Hermes Inc. now owns 218,915 shares of the textile maker valued at $9,579,000 after buying an additional 88,535 shares in the last quarter. Nuveen Asset Management LLC increased its position in Steven Madden by 8.5% in the second quarter. Nuveen Asset Management LLC now owns 849,037 shares of the textile maker valued at $37,154,000 after buying an additional 66,314 shares in the last quarter. Finally, State Street Corp strengthened its position in Steven Madden by 1.9% in the 2nd quarter. State Street Corp now owns 2,595,129 shares of the textile maker valued at $113,563,000 after buying an additional 47,822 shares in the last quarter. 93.85% of the shares are held by hedge funds and other institutional investors.

Steven Madden Company Profile

Steven Madden Ltd. is dedicated to the design, marketing and sale of fashion-forward footwear for women, men and children. It operates through the following segments: footwear wholesale, accessories and apparel wholesale, retail, first cost and licensing. The Footwear Wholesale segment includes branded and private label footwear for women, men, girls and children.

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Steven Madden Earnings History and Estimates (NASDAQ:SHOO)

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