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

  • 8/8/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $47.00 price target on the stock.
  • 8/7/2017 – Steven Madden had its price target raised by analysts at Morgan Stanley from $38.00 to $41.50. They now have an “equal weight” rating on the stock.
  • 8/3/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $45.00 price target on the stock.
  • 8/2/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $47.00 price target on the stock.
  • 8/2/2017 – Steven Madden had its price target raised by analysts at Telsey Advisory Group from $41.00 to $45.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Steven Madden had its price target raised by analysts at Buckingham Research from $38.00 to $40.00. They now have a “neutral” rating on the stock.
  • 8/2/2017 – Steven Madden had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $39.00 price target on the stock, up previously from $37.00.
  • 8/2/2017 – 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.
  • 7/28/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $45.00 price target on the stock.
  • 7/26/2017 – Steven Madden had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $44.00 price target on the stock.
  • 7/25/2017 – Steven Madden was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/5/2017 – Steven Madden was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/27/2017 – Steven Madden was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Steven Madden, Ltd. designs, sources, markets and sells fashion-forward footwear brands for women, men and children. They distribute products through their retail stores, their e-commerce websites, catalogs and department and specialty store “
  • 6/22/2017 – Steven Madden was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Steven Madden, Ltd. designs, sources, markets and sells fashion-forward footwear brands for women, men and children. They distribute products through their retail stores, their e-commerce websites, catalogs and department and specialty store “
  • 6/20/2017 – Steven Madden was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Steven Madden, Ltd. designs, sources, markets and sells fashion-forward footwear brands for women, men and children. They distribute products through their retail stores, their e-commerce websites, catalogs and department and specialty store “
  • 6/16/2017 – Steven Madden had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $37.00 price target on the stock.
  • 6/14/2017 – Steven Madden was given a new $41.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.

Steven Madden, Ltd. (SHOO) opened at 42.40 on Tuesday. The company’s 50-day moving average price is $39.40 and its 200 day moving average price is $37.79. Steven Madden, Ltd. has a 52-week low of $32.30 and a 52-week high of $42.70. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.41 and a beta of 0.53.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Tuesday, August 1st. The textile maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $374.15 million for the quarter, compared to the consensus estimate of $355.22 million. Steven Madden had a return on equity of 17.57% and a net margin of 8.19%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, equities analysts expect that Steven Madden, Ltd. will post $2.24 EPS for the current fiscal year.

In other Steven Madden news, CFO Arvind Dharia sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $40.22, for a total transaction of $804,400.00. Following the sale, the chief financial officer now directly owns 66,662 shares of the company’s stock, valued at $2,681,145.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rose Peabody Lynch sold 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $39.32, for a total value of $88,076.80. Following the sale, the director now directly owns 4,754 shares in the company, valued at $186,927.28. The disclosure for this sale can be found here. Insiders have sold 122,740 shares of company stock worth $4,832,677 over the last three months. 2.20% of the stock is currently owned by 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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