Somewhat Positive Media Coverage Somewhat Unlikely to Affect Steven Madden (SHOO) Stock Price

Headlines about Steven Madden (NASDAQ:SHOO) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steven Madden earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the textile maker an impact score of 47.2388889503595 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several analysts have commented on SHOO shares. Zacks Investment Research raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Wedbush reissued a “buy” rating and issued a $53.00 target price on shares of Steven Madden in a research report on Tuesday, December 19th. Jefferies Group set a $39.00 target price on shares of Steven Madden and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Susquehanna Bancshares reissued a “buy” rating and issued a $48.00 target price on shares of Steven Madden in a research report on Monday, October 23rd. Finally, Telsey Advisory Group decreased their target price on shares of Steven Madden from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.13.

Shares of Steven Madden (SHOO) opened at $48.80 on Friday. Steven Madden has a one year low of $33.50 and a one year high of $48.90. The firm has a market cap of $2,819.23, a price-to-earnings ratio of 23.13, a PEG ratio of 1.73 and a beta of 0.51.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The business had revenue of $441.19 million during the quarter, compared to analysts’ expectations of $441.03 million. During the same period in the previous year, the company earned $0.74 earnings per share. Steven Madden’s revenue for the quarter was up 8.0% on a year-over-year basis. equities research analysts forecast that Steven Madden will post 2.23 EPS for the current fiscal year.

In other news, President Amelia Varela sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the president now directly owns 113,007 shares in the company, valued at $4,834,439.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard P. Randall sold 2,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 22,809 shares of the company’s stock, valued at $867,882.45. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $1,460,100 over the last 90 days. 2.06% of the stock is owned by corporate 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.

Insider Buying and Selling by Quarter for Steven Madden (NASDAQ:SHOO)

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