Telsey Advisory Group restated their market perform rating on shares of Steven Madden (NASDAQ:SHOO) in a research note released on Monday morning, Zacks.com reports.
Several other equities research analysts have also issued reports on SHOO. Loop Capital lifted their price target on Steven Madden to $48.00 and gave the stock a buy rating in a research note on Tuesday, December 10th. Zacks Investment Research lowered Steven Madden from a buy rating to a hold rating and set a $45.00 price target for the company. in a research note on Tuesday, December 10th. BidaskClub lowered Steven Madden from a sell rating to a strong sell rating in a research note on Friday, February 7th. Susquehanna Bancshares reaffirmed a buy rating and set a $43.00 price target on shares of Steven Madden in a research note on Thursday, February 13th. Finally, ValuEngine downgraded Steven Madden from a sell rating to a strong sell rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $41.00.
SHOO stock traded down $2.10 during mid-day trading on Monday, hitting $32.75. 2,506,730 shares of the stock were exchanged, compared to its average volume of 670,519. The business has a fifty day moving average price of $39.37 and a 200 day moving average price of $38.36. Steven Madden has a 12 month low of $28.95 and a 12 month high of $44.79. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.14 and a beta of 0.86.
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.
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