Susquehanna Believes Steven Madden (NASDAQ: SHOO) Still Has Room to Grow

In a report released today, Sam Poser from Susquehanna maintained a Buy rating on Steven Madden (NASDAQ: SHOO), with a price target of $56. The company’s shares closed on Friday at $48.85, close to its 52-week high of $49.35.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 7.5% and a 57.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Skechers USA.

Steven Madden has an analyst consensus of Strong Buy, with a price target consensus of $55.

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Steven Madden’s market cap is currently $2.85B and has a P/E ratio of 22.20. The company has a Price to Book ratio of 3.55.

Based on the recent corporate insider activity of 33 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.