Canaccord Genuity set a $50.00 price objective on Steven Madden (NASDAQ:SHOO) in a research report released on Sunday morning. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Steven Madden from a sell rating to a hold rating in a report on Friday, December 22nd. Jefferies Group set a $39.00 target price on shares of Steven Madden and gave the company a hold rating in a research note on Tuesday, October 31st. Wedbush reissued a buy rating and set a $53.00 target price on shares of Steven Madden in a research note on Tuesday, December 19th. Telsey Advisory Group lowered their target price on shares of Steven Madden from $45.00 to $44.00 and set an outperform rating on the stock in a research note on Wednesday, November 1st. Finally, Susquehanna Bancshares reissued a buy rating and set a $48.00 target price on shares of Steven Madden in a research note on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Steven Madden has a consensus rating of Buy and a consensus target price of $46.86.

Steven Madden (SHOO) traded up $0.75 during mid-day trading on Friday, hitting $47.00. 527,100 shares of the company were exchanged, compared to its average volume of 533,456. Steven Madden has a 1-year low of $33.50 and a 1-year high of $47.55. The firm has a market cap of $2,780.00, a PE ratio of 22.38, a PEG ratio of 1.81 and a beta of 0.51.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Tuesday, October 31st. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Steven Madden had a net margin of 8.04% and a return on equity of 17.21%. The business had revenue of $441.19 million for the quarter, compared to analysts’ expectations of $441.03 million. During the same quarter last year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts predict that Steven Madden will post 2.21 earnings per share for the current year.

In other Steven Madden news, Director Richard P. Randall sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $38.05, for a total transaction of $76,100.00. Following the transaction, the director now owns 22,809 shares of the company’s stock, valued at approximately $867,882.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Awadhesh K. Sinha sold 6,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $45.03, for a total transaction of $292,695.00. Following the transaction, the chief operating officer now directly owns 63,383 shares in the company, valued at approximately $2,854,136.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,000 shares of company stock worth $1,460,100. 2.06% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of SHOO. Schwab Charles Investment Management Inc. boosted its position in shares of Steven Madden by 9.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 384,630 shares of the textile maker’s stock valued at $15,366,000 after purchasing an additional 34,309 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Steven Madden by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 104,810 shares of the textile maker’s stock valued at $4,186,000 after purchasing an additional 7,799 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Steven Madden by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 53,280 shares of the textile maker’s stock valued at $2,129,000 after purchasing an additional 217 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Steven Madden by 63.4% during the 2nd quarter. Prudential Financial Inc. now owns 255,446 shares of the textile maker’s stock valued at $10,205,000 after purchasing an additional 99,150 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Steven Madden by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 445,698 shares of the textile maker’s stock valued at $17,805,000 after purchasing an additional 1,223 shares in the last quarter. Institutional investors own 92.98% of the company’s stock.

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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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