Steven Madden Receives “Buy” Rating from B. Riley (SHOO)
Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research report issued to clients and investors on Tuesday. They currently have a $44.00 price target on the stock, up from their previous price target of $33.72. B. Riley’s target price would indicate a potential upside of 30.49% from the company’s current price.
Steven Madden (NASDAQ:SHOO) traded down 0.24% during mid-day trading on Tuesday, hitting $33.64. The stock had a trading volume of 100,488 shares. Steven Madden has a 1-year low of $30.66 and a 1-year high of $39.48. The stock has a 50-day moving average of $33.29 and a 200-day moving average of $34.19. The company has a market cap of $2.228 billion and a price-to-earnings ratio of 16.91.
Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $304.60 million for the quarter, compared to the consensus estimate of $295.50 million. During the same quarter last year, the company posted $0.52 earnings per share. Steven Madden’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Steven Madden will post $2.15 EPS 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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