Recent Analysts’ Ratings Updates for Steven Madden (SHOO)

Steven Madden (NASDAQ: SHOO) has recently received a number of price target changes and ratings updates:

  • 1/11/2018 – Steven Madden was given a new $46.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock.
  • 1/10/2018 – Steven Madden was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Steve Madden designs, sources and markets fashion-forward footwear and accessories for women, men and children. In addition to marketing products under its own brands including Steve Madden, Dolce Vita, Betsey Johnson, Report, Big Buddha, Brian Atwood, Cejon, Blondo and Mad Love, Steve Madden is a licensee of various brands, including Kate Spade, Superga and Avec Les Filles. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden’s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains and mass merchants. Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including for ready-to-wear, outerwear, intimate apparel, eyewear, hosiery, jewelry, fragrance, luggage and bedding and bath products. “
  • 1/9/2018 – Steven Madden had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $52.00 price target on the stock, up previously from $47.00.
  • 1/9/2018 – Steven Madden had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $51.00 price target on the stock, up previously from $44.00.
  • 1/8/2018 – Steven Madden was given a new $51.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 1/7/2018 – Steven Madden was given a new $50.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 12/27/2017 – Steven Madden was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/22/2017 – Steven Madden was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Steve Madden designs, sources and markets fashion-forward footwear and accessories for women, men and children. In addition to marketing products under its own brands including Steve Madden, Dolce Vita, Betsey Johnson, Report, Big Buddha, Brian Atwood, Cejon, Blondo and Mad Love, Steve Madden is a licensee of various brands, including Kate Spade, Superga and Avec Les Filles. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden’s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains and mass merchants. Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including for ready-to-wear, outerwear, intimate apparel, eyewear, hosiery, jewelry, fragrance, luggage and bedding and bath products. “
  • 12/19/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $53.00 price target on the stock.
  • 12/4/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $50.00 price target on the stock.
  • 11/30/2017 – Steven Madden was given a new $47.00 price target on by analysts at Canaccord Genuity. They now have a “buy” rating on the stock.
  • 11/29/2017 – Steven Madden was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $48.00 price target on the stock, up previously from $39.00.

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) traded up $0.40 during trading on Thursday, reaching $47.60. The company had a trading volume of 317,200 shares, compared to its average volume of 496,500. Steven Madden, Ltd. has a fifty-two week low of $33.50 and a fifty-two week high of $47.75. The company has a market cap of $2,840.00, a PE ratio of 22.67, a P/E/G ratio of 1.81 and a beta of 0.51.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.77. Steven Madden had a return on equity of 17.21% and a net margin of 8.04%. The business had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. During the same period in the previous year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. sell-side analysts expect that Steven Madden, Ltd. will post 2.21 EPS for the current year.

In other news, Director Richard P. Randall sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total transaction of $76,100.00. Following the sale, the director now directly owns 22,809 shares in the company, valued at $867,882.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Awadhesh K. Sinha sold 6,500 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $45.03, for a total value of $292,695.00. Following the sale, the chief operating officer now owns 63,383 shares in the company, valued at $2,854,136.49. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $1,460,100 over the last 90 days. 2.06% of the stock is currently owned by company insiders.

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 operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.

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