Steven Madden, Ltd. (NASDAQ:SHOO) Expected to Announce Quarterly Sales of $493.40 Million

Wall Street brokerages forecast that Steven Madden, Ltd. (NASDAQ:SHOOGet Rating) will report $493.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Steven Madden’s earnings. The highest sales estimate is $500.00 million and the lowest is $480.60 million. Steven Madden reported sales of $397.89 million in the same quarter last year, which would suggest a positive year over year growth rate of 24%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Steven Madden will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.14 billion to $2.16 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.27 billion, with estimates ranging from $2.25 billion to $2.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Steven Madden.

Steven Madden (NASDAQ:SHOOGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The textile maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.48 by $0.44. The company had revenue of $557.34 million for the quarter, compared to the consensus estimate of $468.72 million. Steven Madden had a return on equity of 30.75% and a net margin of 11.82%. Steven Madden’s quarterly revenue was up 55.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS.

SHOO has been the topic of a number of recent research reports. Loop Capital increased their price target on Steven Madden from $50.00 to $55.00 in a research report on Thursday, April 28th. StockNews.com initiated coverage on Steven Madden in a research report on Thursday, March 31st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $54.22.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its stake in shares of Steven Madden by 277.3% during the 1st quarter. CWM LLC now owns 664 shares of the textile maker’s stock worth $26,000 after purchasing an additional 488 shares during the last quarter. FourThought Financial LLC raised its stake in Steven Madden by 16.0% in the first quarter. FourThought Financial LLC now owns 1,792 shares of the textile maker’s stock valued at $69,000 after buying an additional 247 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in Steven Madden in the fourth quarter valued at about $121,000. Rockefeller Capital Management L.P. raised its stake in Steven Madden by 18.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,673 shares of the textile maker’s stock valued at $124,000 after buying an additional 415 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Steven Madden in the third quarter valued at about $132,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Shares of Steven Madden stock opened at $38.29 on Monday. Steven Madden has a 52 week low of $36.34 and a 52 week high of $51.56. The company has a quick ratio of 1.84, a current ratio of 2.51 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $40.08 and its two-hundred day moving average is $43.11. The company has a market capitalization of $3.06 billion, a PE ratio of 12.68 and a beta of 1.10.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Monday, June 13th 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 2.19%. The ex-dividend date is Friday, June 10th. Steven Madden’s dividend payout ratio (DPR) is currently 27.81%.

About Steven Madden (Get Rating)

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear.

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

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