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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 TipRanks.com, 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.