Steven Madden (NASDAQ:SHOO – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 23rd. Analysts expect Steven Madden to post earnings of $0.45 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Steven Madden Stock Up 0.0 %
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SHOO opened at $35.33 on Thursday. The company has a market capitalization of $2.75 billion, a PE ratio of 11.18 and a beta of 1.14. The firm has a 50-day simple moving average of $33.42 and a two-hundred day simple moving average of $31.73. Steven Madden has a 52 week low of $26.36 and a 52 week high of $45.04.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on SHOO shares. Telsey Advisory Group restated a “market perform” rating and set a $34.00 price target on shares of Steven Madden in a report on Wednesday, February 8th. Citigroup decreased their price target on shares of Steven Madden from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, October 21st. Loop Capital boosted their target price on shares of Steven Madden from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Wedbush lowered Steven Madden from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $29.00 in a research report on Tuesday, November 1st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Steven Madden currently has an average rating of “Hold” and a consensus target price of $39.00.
Institutional Trading of Steven Madden
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in shares of Steven Madden by 1.9% during the first quarter. Bank of Montreal Can now owns 22,683 shares of the textile maker’s stock worth $912,000 after buying an additional 414 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Steven Madden by 1.0% in the first quarter. BNP Paribas Arbitrage SA now owns 52,702 shares of the textile maker’s stock valued at $2,036,000 after purchasing an additional 538 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Steven Madden by 5.8% in the first quarter. PNC Financial Services Group Inc. now owns 14,050 shares of the textile maker’s stock worth $544,000 after buying an additional 767 shares during the last quarter. Prelude Capital Management LLC lifted its holdings in Steven Madden by 10.0% in the third quarter. Prelude Capital Management LLC now owns 8,617 shares of the textile maker’s stock valued at $230,000 after acquiring an additional 781 shares during the period. Finally, Synovus Financial Corp boosted its position in Steven Madden by 4.5% in the 1st quarter. Synovus Financial Corp now owns 20,678 shares of the textile maker’s stock worth $803,000 after purchasing an additional 892 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.
About Steven Madden
Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories and Apparel, Direct-to-Consumer, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women’s, men’s, girl’s and children’s footwear.
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