Steven Madden Rating Reiterated by Canaccord Genuity (SHOO)
Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Tuesday, ARN reports. They currently have a $59.00 price target on the stock. Canaccord Genuity’s price objective indicates a potential upside of 9.65% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Steven Madden (NASDAQ:SHOO) from $51.00 to $56.00 in a research note to investors on Tuesday. They now have a “not rated” rating on the stock. Separately, analysts at Wedbush downgraded shares of Steven Madden (NASDAQ:SHOO) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $55.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Steven Madden (NASDAQ:SHOO) from a “sell” rating to a “buy” rating in a research note to investors on Monday, August 5th. They now have a $69.00 price target on the stock, up previously from $43.00.
Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Steven Madden presently has an average rating of “Buy” and an average target price of $57.00.
Steven Madden (NASDAQ:SHOO) traded up 0.47% on Tuesday, hitting $53.81. The stock had a trading volume of 157,299 shares. Steven Madden has a 1-year low of $40.30 and a 1-year high of $56.60. The stock has a 50-day moving average of $54.16 and a 200-day moving average of $49.29. The company has a market cap of $2.481 billion and a P/E ratio of 19.37.
Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.01. The company had revenue of $297.60 million for the quarter, compared to the consensus estimate of $307.48 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Steven Madden will post $3.02 earnings per share for the current fiscal year.
Steven Madden, Ltd. designs, sources, markets and sells name brand and private label footwear for women, men and children and name brand and private label fashion handbags and accessories.
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