Steven Madden Ltd. (SHOO) reported quarterly earnings results on Friday, Apr-22-2016. The company reported $0.33 EPS for the quarter. Analysts had a consensus estimate of $0.33. The company posted revenue of $329.40 million in the period, compared to analysts expectations of $325.35 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Steven Madden Ltd.. Steven Madden Ltd. was Downgraded by Piper Jaffray to ” Neutral” on Apr 13, 2016. Steven Madden Ltd. was Downgraded by Goldman to ” Sell” on Mar 1, 2016. Company shares were Reiterated by Telsey Advisory Group on Feb 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .
Steven Madden Ltd. closed down -0.27 points or -0.73% at $36.62 with 5,92,475 shares getting traded on Wednesday. Post opening the session at $37.12, the shares hit an intraday low of $36.44 and an intraday high of $37.565 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 23, 2016, Richard P Randall (director) sold 1,000 shares at $38.00 per share price. According to the SEC, on Mar 18, 2016, Edward R. Rosenfeld (CEO and Chairman of the Board) sold 26,000 shares at $37.40 per share price. On Mar 4, 2016, Amelia Varela (President) sold 15,000 shares at $34.96 per share price, according to the Form-4 filing with the securities and exchange commission.
Steven Madden Ltd. designs sources markets and sells name brand and private label footwear for women men and children. It operates under five segments which include Wholesale Footwear Wholesale Accessories Retail First Cost and Licensing. Its brands include Madden Girl Steve Madden Men’s Madden Steven Stevies and Steve Madden Kids Betsey Johnson Superga FREEBIRD by Steve Report Mad Love Dolce Vita and Brian Atwood. Its products are marketed through its retail stores and e-commerce Websites as well as department stores specialty stores luxury retailers value priced retailers national chains merchants and catalog retailers throughout the United States Canada Mexico and South Africa. In addition it markets its products in Asia Australia Europe India the Middle East South and Central America and New Zealand. The Companys subsidiaries include Steven Madden Retail Inc. and BA Brand Holdings LLC among others.