Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating restated by equities researchers at Susquehanna Bancshares in a report released on Monday. They currently have a $50.00 price target on the textile maker’s stock. Susquehanna Bancshares’ price objective points to a potential upside of 14.81% from the stock’s previous close.

SHOO has been the topic of a number of other research reports. Zacks Investment Research cut Steven Madden from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the company a “buy” rating in a report on Tuesday, August 15th. ValuEngine upgraded Steven Madden from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Telsey Advisory Group lowered their target price on Steven Madden from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Steven Madden currently has an average rating of “Buy” and an average target price of $44.88.

Steven Madden (SHOO) opened at $43.55 on Monday. Steven Madden has a one year low of $33.50 and a one year high of $44.40. The firm has a market capitalization of $2,579.86, a P/E ratio of 19.49, a P/E/G ratio of 1.65 and a beta of 0.52.

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

In other news, President Amelia Varela sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.78, for a total transaction of $1,069,500.00. Following the sale, the president now owns 113,007 shares in the company, valued at $4,834,439.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard P. Randall sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total value of $76,100.00. Following the sale, the director now owns 22,809 shares in the company, valued at approximately $867,882.45. The disclosure for this sale can be found here. 2.06% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of SHOO. Public Employees Retirement System of Ohio boosted its holdings in shares of Steven Madden by 9.7% during the first quarter. Public Employees Retirement System of Ohio now owns 4,575 shares of the textile maker’s stock worth $176,000 after purchasing an additional 403 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Steven Madden by 12.1% during the second quarter. Aperio Group LLC now owns 21,467 shares of the textile maker’s stock worth $858,000 after purchasing an additional 2,316 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Steven Madden by 528.3% during the second quarter. Russell Investments Group Ltd. now owns 57,827 shares of the textile maker’s stock worth $2,310,000 after purchasing an additional 48,623 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Steven Madden by 2.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,720 shares of the textile maker’s stock worth $508,000 after purchasing an additional 290 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Steven Madden by 3.5% during the second quarter. Great West Life Assurance Co. Can now owns 79,146 shares of the textile maker’s stock worth $3,157,000 after purchasing an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

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Steven Madden Company Profile

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.

Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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