Steve Madden (SHOO) Earns Buy Rating from Buckingham Research

Marco Green
April 19, 2018

Canaccord Genuity set a $45.00 price objective on Steven Madden and gave the company a "buy" rating in a research note on Saturday, February 25th. The company's revenue was up 8.3% compared to the same quarter last year. equities research analysts expect that Steve Madden will post 2.67 EPS for the current fiscal year. Therefore 0 are positive. Bridge Bancorp had 11 analyst reports since April 15, 2016 according to SRatingsIntel. The firm earned "Outperform" rating on Friday, October 2 by RBC Capital Markets. As per Thursday, February 23, the company rating was upgraded by Piper Jaffray. Susquehanna initiated the shares of SHOO in report on Friday, August 12 with "Positive" rating. The company was maintained on Monday, April 16 by Canaccord Genuity. Seaport Global maintained ArcBest Corporation (NASDAQ:ARCB) on Wednesday, January 17 with "Hold" rating. The stock has "Hold" rating by Mizuho on Tuesday, January 23. BMO Capital Markets maintained Texas Instruments Incorporated (NASDAQ:TXN) rating on Thursday, September 21. See Bridge Bancorp, Inc. Its down 0.30, from 1.35 in 2017Q3. It turned negative, as 14 investors sold EPAM shares while 73 reduced holdings. First Interstate Financial Bank reported 388 shares or 0.01% of all its holdings. Hotchkis Wiley Capital Management Ltd Co owns 9,813 shares for 0% of their portfolio. Steve Madden's payout ratio is now 35.71%. Steven Madden, Ltd. (SHOO) has risen 13.16% since April 18, 2017 and is uptrending. The ratio has dropped, as 97 hedge funds opened new and increased positions, while 92 decreased and sold their holdings in Steven Madden LTD. Glenmede Na invested 0% in Steven Madden, Ltd. (NASDAQ:SHOO). Jefferies Grp Limited Liability Corp invested in 5,585 shares. Ls Inv Advsr holds 0% in Steven Madden, Ltd. (NASDAQ:SHOO) or 1,618 shares. 37,425 are held by Bancorp Of Montreal Can. Dimensional Fund Advsrs Lp holds 1.72 million shares or 0.03% of its portfolio. Pacad Limited holds 4,600 shares. Riverhead Cap Ltd Liability Company holds 0.01% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO) for 3,083 shares. Ameriprise Fin Inc stated it has 0.01% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO). 805.57 million shares or 0.35% more from 802.74 million shares in 2017Q3 were reported. Rothschild Asset Mngmt Inc, New York-based fund reported 511,899 shares.

Analysts await Steven Madden, Ltd. (NASDAQ:SHOO) to report earnings on April, 20 before the open. During the same period in the previous year, the business earned $0.49 EPS. SHOO's profit will be $29.23 million for 23.85 P/E if the $0.50 EPS becomes a reality. After $0.48 actual earnings per share reported by Steven Madden, Ltd. for the previous quarter, Wall Street now forecasts 4.17% EPS growth. Insiders own 1.77% of the company's stock.

In related news, CEO Edward R. Rosenfeld sold 33,000 shares of the company's stock in a transaction on Friday, March 16th. On Monday, December 18 SINHA AWADHESH K sold $292,663 worth of Steven Madden, Ltd. (NASDAQ:SHOO) or 6,500 shares.

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 has a market cap of $2,580.53, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.47. Steven Madden had a net margin of 8.11% and a return on equity of 16.26%. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, FREEBIRD by Steven, Stevies, B Brian Atwood, Blondo, Kate Spade, and Avec Les Filles brands, as well as private label footwear. The stock increased 0.32% or $0.15 during the last trading session, reaching $46.8. About 312,495 shares traded. Steven Madden, Ltd. (NASDAQ:SHOO) has risen 13.16% since April 18, 2017 and is uptrending. It has outperformed by 1.61% the S&P500. Finally, Canaccord Genuity set a $50.00 price target on Steven Madden and gave the company a "buy" rating in a report on Sunday, January 7th. Steven Madden has $60.0 highest and $32 lowest target. They now have a $53.00 target price on the textile maker's stock. Steven Madden had 52 analyst reports since August 12, 2015 according to SRatingsIntel. Citigroup Inc raised Steven Madden from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 31st.

SHOO stock opened at $44.00 on Wednesday. Citigroup reaffirmed a "buy" rating and set a $56.00 target price on shares of Steve Madden in a report on Tuesday, January 16th. The stock was sold at an average price of $36.73, for a total value of $1,010,075.00. The rating was maintained by Piper Jaffray on Wednesday, May 31 with "Buy". The rating was maintained by Morgan Stanley with "Equal-Weight" on Monday, August 7. Cowen & Co has "Outperform" rating and $25 target. The firm has "Neutral" rating given on Wednesday, August 2 by Buckingham Research.

Since October 26, 2017, it had 0 insider buys, and 30 insider sales for $208.19 million activity. 9,833 shares were bought by BASSWOOD CAPITAL MANAGEMENT - L.L.C. ALBERT E, worth $207,462 on Monday, February 5. The company has market cap of $948.74 million. The company??s Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It has a 16.44 P/E ratio. The stock increased 1.83% or $1.89 during the last trading session, reaching $105.39. About 2.65 million shares traded.

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