Susquehanna analyst Sam Poser maintained a Buy rating on Steven Madden (NASDAQ: SHOO) yesterday and set a price target of $64. The company’s shares closed yesterday at $54.50, close to its 52-week high of $55.25.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.0% and a 59.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Under Armour.
Currently, the analyst consensus on Steven Madden is Strong Buy and the average price target is $56.17, representing a 3.1% upside.
In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $59 price target.
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The company has a one-year high of $55.25 and a one-year low of $37.25. Currently, Steven Madden has an average volume of 433.1K.
Based on the recent corporate insider activity of 43 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.
