Steven Madden Given Consensus Rating of “Buy” by Brokerages (NASDAQ:SHOO)
Shares of Steven Madden (NASDAQ:SHOO) have received an average rating of “Buy” from the eleven analysts that are covering the stock, American Banking & Market News reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.75.
Separately, analysts at B. Riley reiterated a “buy” rating on shares of Steven Madden in a research note on Tuesday, July 22nd. They now have a $44.00 price target on the stock, up previously from $33.72.
Steven Madden (NASDAQ:SHOO) opened at 33.42 on Wednesday. Steven Madden has a 1-year low of $30.66 and a 1-year high of $39.48. The stock’s 50-day moving average is $33.40 and its 200-day moving average is $34.13. The company has a market cap of $2.214 billion and a P/E ratio of 16.90.
Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data 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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