Steven Madden, Ltd. (NASDAQ:SHOO) – Equities research analysts at Jefferies Group decreased their Q4 2017 EPS estimates for Steven Madden in a research note issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the textile maker will post earnings of $0.49 per share for the quarter, down from their previous forecast of $0.52. Jefferies Group has a “Hold” rating and a $39.00 price objective on the stock.

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, meeting the Zacks’ consensus estimate of $0.77. The company had revenue of $441.19 million during 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 revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. COPYRIGHT VIOLATION WARNING: This report was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://theolympiareport.com/2017/11/02/q4-2017-eps-estimates-for-steven-madden-ltd-lowered-by-jefferies-group-shoo.html.

Several other equities analysts have also issued reports on the stock. ValuEngine upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Steven Madden from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and issued a $45.00 target price on shares of Steven Madden in a report on Thursday, August 3rd. BidaskClub upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley boosted their target price on shares of Steven Madden from $38.00 to $41.50 and gave the company an “equal weight” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Steven Madden currently has a consensus rating of “Hold” and a consensus target price of $43.96.

Several hedge funds and other institutional investors have recently made changes to their positions in SHOO. UBS Asset Management Americas Inc. raised its holdings in shares of Steven Madden by 45.7% during the first quarter. UBS Asset Management Americas Inc. now owns 29,957 shares of the textile maker’s stock valued at $1,155,000 after purchasing an additional 9,400 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of Steven Madden by 24.4% during the first quarter. OppenheimerFunds Inc. now owns 28,721 shares of the textile maker’s stock valued at $1,107,000 after purchasing an additional 5,629 shares during the period. Teachers Advisors LLC raised its holdings in shares of Steven Madden by 92.0% during the first quarter. Teachers Advisors LLC now owns 557,535 shares of the textile maker’s stock valued at $21,493,000 after purchasing an additional 267,183 shares during the period. California Public Employees Retirement System raised its holdings in shares of Steven Madden by 4.0% during the first quarter. California Public Employees Retirement System now owns 123,300 shares of the textile maker’s stock valued at $4,753,000 after purchasing an additional 4,700 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Steven Madden by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 18,929 shares of the textile maker’s stock valued at $730,000 after purchasing an additional 635 shares during the period. Hedge funds and other institutional investors own 91.15% of the company’s stock.

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.

Earnings History and Estimates for Steven Madden (NASDAQ:SHOO)

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