B. Riley & Co. Downgrades Steven Madden Ltd. to Neutral

Brokerage firm B. Riley & Co. Downgrades its rating on Steven Madden Ltd.(NASDAQ:SHOO). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by B. Riley & Co. was issued on Aug 1, 2016.

In a different note, On Jul 18, 2016, Buckingham Research said it Downgrades its rating on Steven Madden Ltd.. The shares have been rated ‘Neutral’ by the firm.

Steven Madden Ltd. (SHOO) shares turned negative on Mondays trading session with the shares closing down -0.18 points or -0.52% at a volume of 3,12,150. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.08. The peak price level was also seen at $35.08 while the days lowest was $34.31. Finally the shares closed at $34.42. The 52-week high of the shares is $41.95 while the 52-week low is $27.8. According to the latest information available, the market cap of the company is $2,109 M.

Steven Madden Ltd.(SHOO) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $329.36M. Analysts had an estimated revenue of $325.37M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.33.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Rose Peabody Lynch (director) sold 1,722 shares at $34.34 per share price.Also, On Mar 23, 2016, Richard P Randall (director) sold 1,000 shares at $38.00 per share price.On Mar 18, 2016, Edward R. Rosenfeld (CEO and Chairman of the Board) sold 26,000 shares at $37.40 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 Company’s subsidiaries include Steven Madden Retail Inc. and BA Brand Holdings LLC among others.

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