Steven Madden (NASDAQ:SHOO) Given “Market Perform” Rating at Telsey Advisory Group

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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Diamond Partners LLC purchased a new position in Steven Madden during the 4th quarter valued at about $26,000. CWM LLC increased its holdings in Steven Madden by 740.7% during the 3rd quarter. CWM LLC now owns 765 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 674 shares during the period. Archer Investment Corp purchased a new position in Steven Madden during the 4th quarter valued at about $33,000. Nisa Investment Advisors LLC increased its holdings in Steven Madden by 97.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,015 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 500 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Steven Madden by 1,449.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,038 shares of the textile maker’s stock valued at $36,000 after purchasing an additional 971 shares during the period. Hedge funds and other institutional investors own 93.03% of the company’s stock.

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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Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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