Economy

Steven Madden, Ltd. (NASDAQ:SHOO) Moving Aggressively - Down $1.00

It now has negative earnings. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. Therefore 36% are positive. Arrowhead Research Corp had 16 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has "Buy" rating by Piper Jaffray on Wednesday, August 19. BidaskClub raised shares of Steven Madden from a "hold" rating to a "buy" rating in a report on Wednesday, July 5th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the stock a buy rating in a report on Wednesday, August 9th. The rating was maintained by Macquarie Research on Monday, May 2 with "Outperform". Jefferies Group has a "Hold" rating and a $39.00 price objective on the stock. Piper Jaffray maintained it with "Buy" rating and $4100 target in Wednesday, May 31 report. The company's revenue was down 1.2% on a year-over-year basis. The rating was maintained by Cantor Fitzgerald with "Hold" on Monday, September 25.

Parkside Financial Bank & Trust downsized its investment by selling 29 shares a decrease of 3.0% from 06/30/2017 to 09/30/2017. The lowest target is $78.0 while the high is $90.0. The stock was sold at an average price of $39.83, for a total value of $318,640.00. MJN was included in 4 notes of analysts from October 28, 2016. BMO Capital Markets downgraded Mead Johnson Nutrition CO (NYSE:MJN) rating on Friday, February 10. The firm earned "Overweight" rating on Tuesday, June 21 by Barclays Capital. The firm has "Sell" rating given on Wednesday, January 18 by Berenberg. It has underperformed by 9.20% the S&P500. Pictet Asset Management Ltd owns 447,576 shares or 0.12% of their U.S. portfolio. Vanguard Group Inc is the second biggest holder with 5 million shares now valued at 191.35 million whilst Fidelity Management and Research Company has 2 million shares valued at 90.99 million. About 563,953 shares traded or 16.26% up from the average.

Shares of Steven Madden (NASDAQ:SHOO) opened at 44.15 on Thursday. It has underperformed by 3.24% the S&P500. DHARIA ARVIND sold $804,400 worth of stock or 20,000 shares. On Monday, June 12 the insider SINHA AWADHESH K sold $420,000. Frieders Karla sold $2.34 million worth of stock.

Investors sentiment increased to 1.33 in 2017 Q2. Its up 0.28, from 1.05 in 2017Q1.

The biggest institutional shareholders in Steven Madden, Ltd. include BlackRock Fund Advisors which owns 5 million shares in the company valued at $211.16 million. The stock rose 0.23% or $0.56 reaching $245.99 per share. Cs Mckee Limited Partnership reported 0.07% in Steven Madden, Ltd. (NASDAQ:SHOO). Goldman Sachs Group Incorporated holds 0% of its portfolio in Steven Madden, Ltd. (NASDAQ:SHOO) for 214,784 shares. Bnp Paribas Arbitrage Sa invested in 20,129 shares. Da Davidson & invested in 116 shares. Wells Fargo & Company MN boosted its stake in shares of Steven Madden by 386.5% during the second quarter. Jefferies Gp Llc invested in 11,463 shares. Prelude Mgmt Ltd Co has invested 0.02% in Steven Madden, Ltd. (NASDAQ:SHOO). Steven Madden, Ltd. (NASDAQ:SHOO) has risen 13.46% since November 1, 2016 and is uptrending. The United Kingdom-based Old Mutual Glob Invsts (Uk) Limited has invested 0.01% in Steven Madden, Ltd. (NASDAQ:SHOO).

News stories about Steven Madden (NASDAQ:SHOO) have trended somewhat positive on Wednesday, Accern reports. As of the last earnings report the EPS was $2.08 and is projected to be $2.25 for the current year with 59,158,000 shares presently outstanding. SHOO's profit would be $44.94 million giving it 12.57 P/E if the $0.76 EPS is correct. Next quarter's EPS is forecasted at $0.50 with next year's EPS anticipated to be $2.49.

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 market cap of $9.46 billion. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.



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