Steven Madden (SHOO) reported earnings 30 days ago. What's next for the stock?

Fri, May. 31, 2024

Charles Schwab Investment Management Inc. raised its position in shares of Steven Madden, Ltd. (NASDAQ:SHOO – Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,024,238 shares of the textile maker’s stock after acquiring an additional 26,177 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.37% of Steven Madden worth $43,018,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Steven Madden in the fourth quarter valued at about $32,000. International Assets Investment Management LLC boosted its position in shares of Steven Madden by 4,100.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,638 shares of the textile maker’s stock worth $69,000 after purchasing an additional 1,599 shares during the period. Covestor Ltd raised its position in Steven Madden by 32.9% in the third quarter. Covestor Ltd now owns 5,320 shares of the textile maker’s stock valued at $169,000 after purchasing an additional 1,316 shares during the period. Mackenzie Financial Corp acquired a new position in Steven Madden during the fourth quarter worth $207,000. Finally, Steele Capital Management Inc. purchased a new position in shares of Steven Madden during the fourth quarter worth $237,000. Hedge funds and other institutional investors own 99.88% of the company’s stock. Analyst Upgrades and Downgrades Several analysts have recently issued reports on SHOO shares. Williams Trading reissued a “hold” rating and set a $44.00 price target on shares of Steven Madden in a research report on Wednesday, February 21st. Citigroup boosted their price target on shares of Steven Madden from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. StockNews.com upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Wedbush restated a “neutral” rating and set a $41.00 price target on shares of Steven Madden in a report on Friday. Finally, Piper Sandler initiated coverage on Steven Madden in a research note on Wednesday, February 14th. They issued a “neutral” rating and a $45.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Steven Madden currently has an average rating of “Hold” and an average price target of $41.75. Get Our Latest Stock Report on SHOO Insider Buying and Selling In other news, CEO Edward R. Rosenfeld sold 48,500 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $41.49, for a total transaction of $2,012,265.00. Following the transaction, the chief executive officer now directly owns 697,038 shares of the company’s stock, valued at approximately $28,920,106.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Steven Madden news, EVP Lisa Keith sold 2,400 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $41.73, for a total value of $100,152.00. Following the sale, the executive vice president now owns 20,687 shares of the company’s stock, valued at $863,268.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward R. Rosenfeld sold 48,500 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $41.49, for a total value of $2,012,265.00. Following the completion of the transaction, the chief executive officer now owns 697,038 shares of the company’s stock, valued at approximately $28,920,106.62. The disclosure for this sale can be found here. Insiders have sold 59,346 shares of company stock valued at $2,464,841 over the last quarter. Company insiders own 2.08% of the company’s stock. Steven Madden Price Performance Steven Madden stock opened at $41.66 on Monday. The business has a 50 day simple moving average of $40.79 and a 200-day simple moving average of $40.72. Steven Madden, Ltd. has a 12 month low of $29.92 and a 12 month high of $45.63. The stock has a market capitalization of $3.06 billion, a PE ratio of 17.21 and a beta of 1.15. Steven Madden (NASDAQ:SHOO – Get Free Report) last released its earnings results on Wednesday, May 1st. The textile maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Steven Madden had a net margin of 8.65% and a return on equity of 22.68%. The company had revenue of $552.38 million during the quarter, compared to analysts’ expectations of $525.04 million. During the same quarter last year, the business earned $0.50 EPS. The business’s revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts anticipate that Steven Madden, Ltd. will post 2.62 EPS for the current year. Steven Madden Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, June 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, June 10th. Steven Madden’s dividend payout ratio (DPR) is 34.71%. Steven Madden Profile (Free Report) Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands. See Also Five stocks we like better than Steven Madden Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? MarketBeat Week in Review – 5/13 – 5/17 How to Calculate Options Profits Take-Two Interactive Software Offers 2nd Chance for Investors What Is WallStreetBets and What Stocks Are They Targeting? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding SHOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steven Madden, Ltd. (NASDAQ:SHOO – Free Report).

Mon, May. 20, 2024

The headline numbers for Steven Madden (SHOO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Fri, May. 03, 2024

Steven Madden (SHOO) showcases strong growth in Q1 and expects continued revenue and earnings growth, promising long-term value for stakeholders.

Thu, May. 02, 2024

Steven Madden, Ltd. (NASDAQ:SHOO ) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Danielle McCoy - VP of Corporate Development & Investor Relations Edward Rosenfeld - Chairman & Chief Executive Officer Zine Mazouzi - Chief Financial Officer Conference Call Participants Paul Lejuez - Citi Sam Poser - Williams Trading Jay Sole - UBS Janine Stichter - BTIG Aubrey Tianello - BNP Paribas Corey Tarlowe - Jefferies Laura Champine - Loop Dana Telsey - Telsey Advisory Group Operator Good day, and thank you for standing by.

Wed, May. 01, 2024