In a report released yesterday, Janine Stichter from BTIG maintained a Buy rating on Steven Madden (SHOO – Research Report), with a price target of $50.00. The company’s shares opened today at $42.16.
Stichter covers the Consumer Cyclical sector, focusing on stocks such as Deckers Outdoor, Steven Madden, and VF. According to TipRanks, Stichter has an average return of 2.4% and a 40.51% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Steven Madden with a $40.71 average price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $44.23 and a one-year low of $29.38. Currently, Steven Madden has an average volume of 594.5K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHOO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Steven Madden (SHOO) Company Description:
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. The Wholesale Accessories segment comprises of branded and private label handbags; belts and small leather goods; and cold weather and selected other fashion accessories. The Retail segment distributes branded women’s, men’s and children’s footwear, accessories, and licensed products to consumers. The First Cost segment earns commissions and design fees for serving as a buying agent of footwear products to mass-market merchandisers, mid-tier department stores,and other retailers with respect to their purchase of footwear. The Licensing segment licenses its trademarks for use in connection with the manufacture, marketing, and sale of outerwear, hosiery, active wear, sleepwear, jewellery, watches, hair accessories, umbrellas, bedding, luggage, and men’s leather accessories. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.
Read More on SHOO:
