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SHOO

Steven Madden

$46.25

0.6 (1.31%)

07:01
01/08/18
01/08
07:01
01/08/18
07:01

Steven Madden reports preliminary Q4 revenue $364.4M, consensus $360.3M

Reports Q4 retail SSS down 5.1%. CEO Edward Rosenfeld says: "We are pleased with our fourth quarter results, with earnings per share expected to be at the high end of our guidance range. Solid performance in our wholesale business was offset by softness, as expected, in our retail segment driven by weakness in the boot category. Overall, 2017 was a strong year for Steve Madden. We delivered robust sales and earnings growth driven by the outstanding performance of our flagship Steve Madden brand in the wholesale channel. We also took a number of steps to position the Company for future growth, including the acquisition of Schwartz & Benjamin and the formation of new joint ventures in China and Taiwan. As we look ahead, we are confident that our strong brands and increasingly diversified business model position us to continue to drive top- and bottom-line gains for years to come."

  • 08

    Jan

SHOO Steven Madden
$46.25

0.6 (1.31%)

11/29/17
11/29/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) upgraded to Sector Perform from Underperform at RBC Capital analyst Scot Ciccarelli saying the company's earnings growth will remain suppressed by a multi-year investment cycle, but it will ultimately come out as a "true competitor" to Amazon (AMZN). 2. Allergan (AGN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying that fears about a "better Botox" from Revance (RVNC) may be overdone. 3. Domino's Pizza (DPZ) upgraded to Buy from Neutral at Nomura Instinet with analyst Mark Kalinowski citing the 21% pullback in the shares from their 52-week high closing price of $218.88 on June 26. 4. Zoetis (ZTS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger arguing the stock can continue to outperform relative to peers as it continues to benefit from long-term secular trends, including rising livestock protein consumption and the better care of pets. 5. Steven Madden (SHOO) upgraded to Buy from Neutral at Buckingham with analyst Scott Krasik saying he has increased confidence the company will achieve fourth quarter guidance due to an acceleration in boot sales, will guide fiscal 2018 sales at least inline with its long-term sales growth, potential earnings upside from tax reform, and accretion from potential acquisitions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/30/17
ADAM
11/30/17
NO CHANGE
Target $47
ADAM
Buy
Steven Madden set up for strong 2018, says Canaccord
Canaccord analyst Camilo Lyon believes Steven Madden is set up for a strong finish to 2017 and start to 2018. Lyon reiterated his Buy rating and $47 price target on Steven Madden shares, noting the tone of the business, tightly managed inventories, and positive early reads on the spring assortment.
12/19/17
WEDB
12/19/17
NO CHANGE
Target $33
WEDB
Outperform
Shoe Carnival price target raised to $33 from $27 at Wedbush
Wedbush analyst Christopher Svezia raised his price target for Shoe Carnival (SCVL) to $33 from $27 as he believes tax reform is likely to be signed into law. The analyst finds Shoe Carnival, Steven Madden (SHOO), Caleres (CAL), Foot Locker (FL), and Wolverine World Wide (WWW) as having the most upside to current share levels whereas DSW (DSW), Dick's Sporting (DKS), and Under Armour (UAA;UA) appear to have tax reform's impact priced into shares. He reiterates an Outperform rating on Shoe Carnival's shares.
12/19/17
WEDB
12/19/17
NO CHANGE
Target $53
WEDB
Outperform
Steven Madden price target raised to $53 from $47 at Wedbush
Wedbush analyst Christopher Svezia raised his price target for Steven Madden (SHOO) to $53 from $77 as he believes tax reform is likely to be signed into law. The analyst finds Shoe Carnival (SCVL), Steven Madden, Caleres (CAL), Foot Locker (FL), and Wolverine World Wide (WWW) as having the most upside to current share levels whereas DSW (DSW), Dick's Sporting (DKS), and Under Armour (UAA;UA) appear to have tax reform's impact priced into shares. He reiterates an Outperform rating on Steven Madden's shares.

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