Steven Madden (SHOO) Receiving Somewhat Favorable Press Coverage, Report Finds
Press coverage about Steven Madden (NASDAQ:SHOO) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steven Madden earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 47.449851513236 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have issued reports on SHOO. Zacks Investment Research upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, January 10th. Canaccord Genuity restated a “buy” rating and set a $50.00 price objective on shares of Steven Madden in a report on Tuesday. Buckingham Research cut their price objective on Steven Madden from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. B. Riley set a $47.00 price objective on Steven Madden and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Susquehanna Bancshares restated a “buy” rating and set a $50.00 price objective on shares of Steven Madden in a report on Monday, December 4th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Steven Madden currently has an average rating of “Buy” and an average target price of $49.13.
Steven Madden (NASDAQ:SHOO) opened at $42.80 on Wednesday. Steven Madden has a 12 month low of $35.55 and a 12 month high of $49.28. The firm has a market capitalization of $2,523.71, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.52 and a beta of 0.41.
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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.
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