Steven Madden, Ltd. (NASDAQ:SHOO) has been given a $43.00 price target by analysts at Piper Jaffray Companies in a research note issued on Tuesday. The firm presently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 0.47% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research report on Wednesday, August 2nd. BidaskClub raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Canaccord Genuity set a $47.00 price objective on shares of Steven Madden and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, August 18th. Finally, ValuEngine raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.13.

Steven Madden (NASDAQ:SHOO) traded down 8.53% during midday trading on Tuesday, reaching $39.15. The company’s stock had a trading volume of 1,456,252 shares. Steven Madden has a one year low of $33.50 and a one year high of $44.40. The stock’s 50 day moving average price is $42.21 and its 200-day moving average price is $40.24. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 18.85 and a beta of 0.51.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Monday, October 30th. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $441.19 million during the quarter, compared to analysts’ expectations of $441.03 million. Steven Madden had a net margin of 7.76% and a return on equity of 15.64%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, analysts forecast that Steven Madden will post $2.25 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its holdings in Steven Madden by 45.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 29,957 shares of the textile maker’s stock worth $1,155,000 after purchasing an additional 9,400 shares during the period. OppenheimerFunds Inc. raised its holdings in Steven Madden by 24.4% during the first quarter. OppenheimerFunds Inc. now owns 28,721 shares of the textile maker’s stock valued at $1,107,000 after acquiring an additional 5,629 shares during the period. Teachers Advisors LLC raised its holdings in Steven Madden by 92.0% during the first quarter. Teachers Advisors LLC now owns 557,535 shares of the textile maker’s stock valued at $21,493,000 after acquiring an additional 267,183 shares during the period. California Public Employees Retirement System raised its holdings in Steven Madden by 4.0% during the first quarter. California Public Employees Retirement System now owns 123,300 shares of the textile maker’s stock valued at $4,753,000 after acquiring an additional 4,700 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Steven Madden by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 18,929 shares of the textile maker’s stock valued at $730,000 after acquiring an additional 635 shares during the period. 91.15% of the stock is owned by institutional investors and hedge funds.

Steven Madden Company Profile

Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.

Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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