Steven Madden, Ltd. (NASDAQ:SHOO) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.86.

SHOO has been the subject of a number of research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $45.00 price target on shares of Steven Madden in a research report on Thursday, August 3rd. B. Riley reiterated a “buy” rating and set a $47.00 price objective on shares of Steven Madden in a research note on Wednesday, August 2nd. BidaskClub upgraded Steven Madden from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Canaccord Genuity set a $47.00 price objective on Steven Madden and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Steven Madden from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, August 18th.

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Several institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its holdings in Steven Madden by 45.7% in the first quarter. UBS Asset Management Americas Inc. now owns 29,957 shares of the textile maker’s stock valued at $1,155,000 after buying an additional 9,400 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Steven Madden by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 158,617 shares of the textile maker’s stock valued at $6,114,000 after buying an additional 2,421 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Steven Madden by 24.4% in the first quarter. OppenheimerFunds Inc. now owns 28,721 shares of the textile maker’s stock valued at $1,107,000 after buying an additional 5,629 shares during the last quarter. Teachers Advisors LLC increased its holdings in Steven Madden by 92.0% in the first quarter. Teachers Advisors LLC now owns 557,535 shares of the textile maker’s stock valued at $21,493,000 after buying an additional 267,183 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Steven Madden by 27.1% in the first quarter. TIAA CREF Investment Management LLC now owns 303,436 shares of the textile maker’s stock valued at $11,697,000 after buying an additional 64,697 shares during the last quarter. 91.15% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden (NASDAQ:SHOO) traded down 8.88% during midday trading on Thursday, reaching $39.00. The company’s stock had a trading volume of 1,644,013 shares. The company has a market cap of $2.31 billion, a P/E ratio of 18.78 and a beta of 0.51. The firm has a 50 day moving average price of $42.12 and a 200-day moving average price of $40.23. Steven Madden has a 12-month low of $33.50 and a 12-month high of $44.40.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Monday, October 30th. The textile maker reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Steven Madden had a return on equity of 15.64% and a net margin of 7.76%. The firm had revenue of $441.19 million during the quarter, compared to analysts’ expectations of $441.03 million. During the same quarter last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Steven Madden will post $2.25 earnings per share for the current fiscal year.

Steven Madden Company Profile

Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children, and name brand and private label fashion handbags and accessories. The Company operates through five segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing.

Analyst Recommendations for Steven Madden (NASDAQ:SHOO)

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