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Shares of Steven Madden (NASDAQ:SHOO) have earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the company, reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.67.

Steven Madden (NASDAQ:SHOO) opened at 33.99 on Tuesday. Steven Madden has a 52 week low of $30.20 and a 52 week high of $39.48. The stock has a 50-day moving average of $33.44 and a 200-day moving average of $34.16. The company has a market cap of $2.218 billion and a P/E ratio of 16.93.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.01. The company had revenue of $295.70 million for the quarter, compared to the consensus estimate of $313.50 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that Steven Madden will post $2.02 earnings per share for the current fiscal year.

In other Steven Madden news, Director Peter Migliorini sold 3,147 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $34.33, for a total transaction of $108,036.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on SHOO shares. Analysts at Sterne Agee upgraded shares of Steven Madden from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $40.00 price target on the stock, up previously from $34.00. Separately, analysts at Citigroup Inc. downgraded shares of Steven Madden from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $35.00 price target on the stock, down previously from $40.00. Finally, analysts at Wedbush cut their price target on shares of Steven Madden from $36.00 to $34.00 in a research note on Friday, August 1st.

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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