Steven Madden (SHOO) Downgraded by BidaskClub to “Hold”

BidaskClub cut shares of Steven Madden (NASDAQ:SHOO) from a buy rating to a hold rating in a report released on Thursday.

SHOO has been the topic of a number of other research reports. Zacks Investment Research upgraded Steven Madden from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research note on Thursday, September 28th. Piper Jaffray Companies set a $51.00 price objective on Steven Madden and gave the stock a buy rating in a research note on Monday, January 8th. Wells Fargo & Co set a $46.00 price objective on Steven Madden and gave the stock a hold rating in a research note on Thursday, January 11th. Telsey Advisory Group reduced their price objective on Steven Madden from $45.00 to $44.00 and set an outperform rating on the stock in a research note on Wednesday, November 1st. Finally, Susquehanna Bancshares restated a buy rating and set a $48.00 price objective on shares of Steven Madden in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $49.13.

Shares of Steven Madden (SHOO) traded up $1.10 on Thursday, hitting $48.80. The company’s stock had a trading volume of 380,202 shares, compared to its average volume of 351,276. The firm has a market capitalization of $2,819.23, a PE ratio of 23.13, a PEG ratio of 1.73 and a beta of 0.51. Steven Madden has a 12 month low of $33.50 and a 12 month high of $48.90.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 EPS for the quarter, hitting 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 return on equity of 17.21% and a net margin of 8.04%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. equities research analysts expect that Steven Madden will post 2.23 EPS for the current fiscal year.

In other Steven Madden news, Director Richard P. Randall sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total transaction of $76,100.00. Following the sale, the director now owns 22,809 shares in the company, valued at $867,882.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Amelia Varela sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $42.78, for a total value of $1,069,500.00. Following the sale, the president now owns 113,007 shares in the company, valued at approximately $4,834,439.46. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $1,460,100 in the last 90 days. 2.06% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its stake in Steven Madden by 4.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 430,107 shares of the textile maker’s stock valued at $20,086,000 after buying an additional 18,621 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Steven Madden by 6.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the textile maker’s stock valued at $1,069,000 after buying an additional 1,300 shares in the last quarter. GSA Capital Partners LLP raised its stake in Steven Madden by 69.6% during the third quarter. GSA Capital Partners LLP now owns 13,991 shares of the textile maker’s stock valued at $606,000 after buying an additional 5,740 shares in the last quarter. Algert Global LLC acquired a new stake in Steven Madden during the third quarter valued at approximately $455,000. Finally, Sterling Capital Management LLC raised its stake in Steven Madden by 15.8% during the third quarter. Sterling Capital Management LLC now owns 43,886 shares of the textile maker’s stock valued at $1,900,000 after buying an additional 5,984 shares in the last quarter. Hedge funds and other institutional investors own 92.98% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Steven Madden (SHOO) Downgraded by BidaskClub to “Hold”” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3147999/steven-madden-shoo-downgraded-by-bidaskclub-to-hold.html.

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.

Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

Receive News & Ratings for Steven Madden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steven Madden and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.