Piper Jaffray Companies restated their buy rating on shares of Steven Madden, Ltd. (NASDAQ:SHOO) in a research report released on Wednesday. The firm currently has a $44.00 price target on the textile maker’s stock.

Several other brokerages also recently commented on SHOO. BidaskClub raised shares of Steven Madden from a hold rating to a buy rating in a research note on Wednesday, July 5th. Morgan Stanley lifted their target price on shares of Steven Madden from $37.00 to $38.00 and gave the stock an equal weight rating in a research note on Tuesday, June 6th. Jefferies Group LLC reaffirmed a hold rating and issued a $37.00 target price on shares of Steven Madden in a research note on Friday, June 16th. Canaccord Genuity lifted their target price on shares of Steven Madden from $45.00 to $46.00 and gave the stock a buy rating in a research note on Monday, June 5th. Finally, Zacks Investment Research raised shares of Steven Madden from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research report on Tuesday, June 20th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Steven Madden has a consensus rating of Buy and an average target price of $42.00.

Shares of Steven Madden (NASDAQ SHOO) opened at 41.50 on Wednesday. The firm has a market capitalization of $2.47 billion, a PE ratio of 20.80 and a beta of 0.54. The stock’s 50 day moving average is $39.31 and its 200 day moving average is $37.69. Steven Madden has a 52-week low of $32.30 and a 52-week high of $41.95.

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In other news, President Amelia Varela sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $39.51, for a total value of $987,750.00. Following the sale, the president now directly owns 89,099 shares of the company’s stock, valued at approximately $3,520,301.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karla Frieders sold 5,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $38.61, for a total transaction of $193,050.00. Following the completion of the sale, the insider now directly owns 83,216 shares in the company, valued at $3,212,969.76. The disclosure for this sale can be found here. Insiders sold a total of 122,740 shares of company stock worth $4,832,677 over the last ninety days. Insiders own 2.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of Steven Madden by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the textile maker’s stock worth $848,000 after buying an additional 100 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Steven Madden by 0.4% in the first quarter. Blair William & Co. IL now owns 52,521 shares of the textile maker’s stock worth $2,025,000 after buying an additional 204 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Steven Madden by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,720 shares of the textile maker’s stock worth $508,000 after buying an additional 290 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of Steven Madden by 17.5% in the first quarter. Elkfork Partners LLC now owns 2,662 shares of the textile maker’s stock worth $103,000 after buying an additional 396 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Steven Madden by 9.7% in the first quarter. Public Employees Retirement System of Ohio now owns 4,575 shares of the textile maker’s stock worth $176,000 after buying an additional 403 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

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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