B.Riley FBR analyst Jeff Van Sinderen maintained a Buy rating on Steven Madden (SHOO) on July 19 and set a price target of $42. The company’s shares closed on Friday at $33.51.
According to TipRanks.com, Sinderen ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.6% and a 43.6% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings Inc, and Chromadex Corp.
Currently, the analyst consensus on Steven Madden is a Strong Buy with an average price target of $38.25.
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Steven Madden’s market cap is currently $2.87B and has a P/E ratio of 21.35. The company has a Price to Book ratio of 3.50.
Based on the recent corporate insider activity of 35 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.
