In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Steven Madden (NASDAQ: SHOO). The company’s shares closed yesterday at $53.75, close to its 52-week high of $56.70.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 8.7% and a 58.7% 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 Moderate Buy, with a price target consensus of $56.14, implying a 4.4% upside from current levels. In a report issued on July 24, Piper Jaffray also reiterated a Buy rating on the stock with a $58 price target.
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Based on Steven Madden’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $28.67 million. In comparison, last year the company had a net profit of $28.96 million.
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.
