Steven Madden (NASDAQ:SHOO) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.76-1.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of $1.64-1.65 billion, compared to the consensus revenue estimate of $1.65 billion.Steven Madden also updated its FY 2018 guidance to $1.76-1.78 EPS.
Several research analysts have commented on the company. BidaskClub lowered Steven Madden from a strong-buy rating to a buy rating in a research report on Wednesday, August 29th. Zacks Investment Research raised Steven Madden from a sell rating to a hold rating in a research report on Thursday, August 2nd. ValuEngine lowered Steven Madden from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Finally, Canaccord Genuity reissued a buy rating and issued a $41.33 target price on shares of Steven Madden in a report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $37.52.
Shares of NASDAQ:SHOO traded up $1.23 during trading on Thursday, reaching $32.50. The company had a trading volume of 25,841 shares, compared to its average volume of 1,136,697. The firm has a market cap of $2.81 billion, a P/E ratio of 21.70, a PEG ratio of 1.69 and a beta of 0.53. Steven Madden has a fifty-two week low of $24.83 and a fifty-two week high of $39.30.
In related news, Director Rose Peabody Lynch sold 2,500 shares of Steven Madden stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $57.27, for a total value of $143,175.00. Following the sale, the director now directly owns 7,103 shares in the company, valued at $406,788.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Karla Frieders sold 7,000 shares of Steven Madden stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $56.89, for a total value of $398,230.00. Following the completion of the sale, the insider now owns 75,280 shares in the company, valued at $4,282,679.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,500 shares of company stock worth $771,405. Company insiders own 1.77% of the company’s stock.
About Steven Madden
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. 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.
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