Wells Fargo & Co set a $46.00 target price on Steven Madden (NASDAQ:SHOO) in a report released on Thursday. The brokerage currently has a hold rating on the textile maker’s stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Steven Madden from a hold rating to a buy rating and set a $52.00 target price for the company in a report on Wednesday, January 10th. Buckingham Research dropped their target price on Steven Madden from $40.00 to $39.00 and set a neutral rating for the company in a report on Wednesday, November 1st. B. Riley set a $47.00 target price on Steven Madden and gave the company a buy rating in a report on Thursday, October 26th. Canaccord Genuity set a $47.00 target price on Steven Madden and gave the company a buy rating in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $43.00 target price on Steven Madden and gave the company a buy rating in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $48.21.

Steven Madden (NASDAQ SHOO) traded down $0.10 during midday trading on Thursday, reaching $48.20. The company had a trading volume of 281,600 shares, compared to its average volume of 468,511. Steven Madden has a 1 year low of $33.50 and a 1 year high of $48.80. The firm has a market cap of $2,850.00, a P/E ratio of 22.95, a P/E/G ratio of 1.75 and a beta of 0.51.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 EPS for the quarter, meeting the Thomson Reuters’ 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%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. equities analysts predict that Steven Madden will post 2.23 EPS for the current fiscal year.

In other news, COO Awadhesh K. Sinha sold 6,500 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $45.03, for a total transaction of $292,695.00. Following the completion of the transaction, the chief operating officer now directly owns 63,383 shares in the company, valued at approximately $2,854,136.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Amelia Varela sold 25,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.78, for a total value of $1,069,500.00. Following the transaction, the president now owns 113,007 shares of the company’s stock, valued at $4,834,439.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,000 shares of company stock valued at $1,460,100. Company insiders own 2.06% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its holdings in shares of Steven Madden by 97.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,562 shares of the textile maker’s stock worth $102,000 after purchasing an additional 1,262 shares during the period. Fortaleza Asset Management Inc. purchased a new position in shares of Steven Madden during the 3rd quarter worth $158,000. First Quadrant L P CA purchased a new position in shares of Steven Madden during the 3rd quarter worth $191,000. Worth Venture Partners LLC purchased a new position in shares of Steven Madden during the 3rd quarter worth $205,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Steven Madden by 9.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,990 shares of the textile maker’s stock worth $199,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 92.98% of the company’s stock.

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About Steven Madden

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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