Steven Madden (SHOO) Gets a Buy Rating from Susquehanna

Susquehanna analyst Sam Poser maintained a Buy rating on Steven Madden (NASDAQ: SHOO) today and set a price target of $39. The company’s shares opened today at $30.72, close to its 52-week low of $30.39.

According to, Poser is a 5-star analyst with an average return of 7.7% and a 55.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Under Armour.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Steven Madden with a $54.20 average price target.

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Steven Madden’s market cap is currently $2.64B and has a P/E ratio of 19.99. The company has a Price to Book ratio of 3.21.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

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Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women’s, men’s, girl’s and children’s footwear.

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