A number of other equities research analysts also recently weighed in on the stock. Susquehanna Bancshares restated a buy rating and issued a $43.00 price target on shares of Steven Madden in a research note on Thursday, February 13th. Telsey Advisory Group raised their price target on shares of Steven Madden from $36.00 to $40.00 and gave the company a market perform rating in a research note on Wednesday, October 30th. Zacks Investment Research downgraded shares of Steven Madden from a buy rating to a hold rating and set a $45.00 price target on the stock. in a research note on Tuesday, December 10th. BidaskClub downgraded shares of Steven Madden from a sell rating to a strong sell rating in a research note on Friday, February 7th. Finally, Loop Capital raised their price target on shares of Steven Madden to $48.00 and gave the company a buy rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $41.00.
SHOO opened at $34.81 on Friday. The company’s 50 day moving average is $40.13 and its 200-day moving average is $38.23. Steven Madden has a 1-year low of $28.95 and a 1-year high of $44.79. The company has a market cap of $3.05 billion, a P/E ratio of 21.36, a PEG ratio of 1.19 and a beta of 0.87.
About Steven Madden
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Madden NYC, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.
See Also: Cost of Goods Sold (COGS)
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