In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Steven Madden (NASDAQ: SHOO), with a price target of $39. The company’s shares opened today at $32.01, close to its 52-week low of $27.89.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.3% and a 53.6% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Skechers USA.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Steven Madden with a $44 average price target, which is a 37.5% upside from current levels. In a report released today, Loop Capital Markets also upgraded the stock to Buy.
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Steven Madden’s market cap is currently $2.56B and has a P/E ratio of 21.25. The company has a Price to Book ratio of 3.41.
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.
