Steven Madden Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:SHOO)
Steven Madden (NASDAQ:SHOO) has been given a consensus rating of “Buy” by the thirteen analysts that are presently covering the stock, Analyst Ratings News reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $47.67.
Shares of Steven Madden (NASDAQ:SHOO) traded up 0.29% during mid-day trading on Wednesday, hitting $34.14. 32,817 shares of the company’s stock traded hands. Steven Madden has a 52 week low of $27.3333 and a 52 week high of $39.48. The stock’s 50-day moving average is $33.91 and its 200-day moving average is $35.69. The company has a market cap of $2.314 billion and a price-to-earnings ratio of 17.58.
SHOO has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Steven Madden from $38.00 to $43.00 in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. Separately, analysts at Ned Davis Research downgraded shares of Steven Madden from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 21st. Finally, analysts at BB&T Corp. upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st.
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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