Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have been given a consensus recommendation of “Buy” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $49.13.
A number of equities research analysts recently weighed in on SHOO shares. Zacks Investment Research upgraded Steven Madden from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Wedbush restated a “buy” rating and set a $53.00 price objective on shares of Steven Madden in a research report on Tuesday, December 19th. Jefferies Group set a $39.00 price objective on Steven Madden and gave the stock a “hold” rating in a research report on Tuesday, October 31st. BidaskClub upgraded Steven Madden from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Susquehanna Bancshares restated a “buy” rating and set a $48.00 price objective on shares of Steven Madden in a research report on Monday, October 23rd.
In other Steven Madden news, Director Richard P. Randall sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $38.05, for a total value of $76,100.00. Following the sale, the director now owns 22,809 shares in the company, valued at approximately $867,882.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Awadhesh K. Sinha sold 6,500 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $45.03, for a total value of $292,695.00. Following the completion of the sale, the chief operating officer now owns 63,383 shares in the company, valued at approximately $2,854,136.49. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $1,460,100 in the last quarter. Corporate insiders own 2.06% of the company’s stock.
Shares of Steven Madden (NASDAQ SHOO) opened at $44.95 on Friday. The firm has a market capitalization of $2,730.57, a price-to-earnings ratio of 21.30, a P/E/G ratio of 1.64 and a beta of 0.41. Steven Madden has a 52-week low of $33.53 and a 52-week high of $49.28.
About Steven Madden
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.
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