Media headlines about Steven Madden (NASDAQ:SHOO) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Steven Madden earned a news impact score of 0.21 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 47.5981477235194 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Steven Madden, Ltd. (SHOO) to Issue $0.20 Quarterly Dividend (americanbankingnews.com)
- Steven Madden’s (SHOO) “Buy” Rating Reaffirmed at B. Riley (americanbankingnews.com)
- Arizona State Retirement System Has $4.18 Million Holdings in Steven Madden, Ltd. (SHOO) (americanbankingnews.com)
- $0.47 EPS Expected for Steven Madden, Ltd. (SHOO) This Quarter (americanbankingnews.com)
- Steven Madden (SHOO) Updates FY18 Earnings Guidance (americanbankingnews.com)
Several equities research analysts have commented on SHOO shares. Telsey Advisory Group cut their price objective on Steven Madden from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Buckingham Research cut their price objective on Steven Madden from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Susquehanna Bancshares restated a “buy” rating and set a $48.00 target price on shares of Steven Madden in a report on Tuesday, November 7th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, Wedbush restated a “buy” rating and set a $53.00 target price on shares of Steven Madden in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.29.
Steven Madden (NASDAQ:SHOO) last issued its earnings results on Tuesday, February 27th. The textile maker reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The business had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $360.27 million. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts forecast that Steven Madden will post 2.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, March 9th.
In related news, COO Awadhesh K. Sinha sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $45.03, for a total value of $292,695.00. Following the transaction, the chief operating officer now directly owns 63,383 shares in the company, valued at $2,854,136.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.06% of the company’s stock.
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About Steven Madden
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.
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