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Stock Market & Financial Investment News

News Breaks
January 8, 2014
05:44 EDTSHOOSteven Madden downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Steven Madden citing the high promotional environment in Q4 and a lack of newness in fashion footwear. The firm lowered its price target for shares to $36 from $37.
News For SHOO From The Last 14 Days
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August 15, 2014
10:01 EDTSHOOOn The Fly: Analyst Upgrade Summary
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07:50 EDTSHOOSteven Madden upgraded to Buy from Neutral at Sterne Agee
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August 14, 2014
16:04 EDTSHOOSteven Madden acquires Dolce Vita Holdings for $60.3M in cash
Steve Madden announced that it has completed the acquisition of privately held Dolce Vita Holdings, which specializes in the design, sourcing and sale of branded and private label footwear. Dolce Vita had net sales in 2013 of approximately $111M. The acquisition was completed for $60.3M in cash subject to a working capital adjustment plus an earn-out provision based on future financial performance. The transaction is expected to be 2c-3c dilutive to EPS in FY14 and to be modestly accretive in FY15.
August 12, 2014
10:00 EDTSHOOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Applied Micro Circuits (AMCC) downgraded to Market Perform at FBR Capital... CSX (CSX) downgraded to Neutral from Outperform at Macquarie... Southwestern Energy (SWN) downgraded to Market Perform from Outperform at BMO Capital... Steven Madden (SHOO) downgraded to Neutral from Buy at Citigroup... Teck Resources (TCK) downgraded to Sell from Neutral at Goldman... United Technologies (UTX) downgraded at Cowen... Walter Investment (WAC) downgraded to Market Perform from Outperform at FBR Capital... Whiting USA Trust (WHX) downgraded to Underperform at Raymond James... magicJack (CALL) downgraded to Hold from Buy at Canaccord.
06:14 EDTSHOOSteven Madden downgraded to Neutral from Buy at Citigroup
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