Analyst Rating Update on Steven Madden Ltd. (SHOO)

Steven Madden Ltd. (NASDAQ:SHOO) : 5 brokerage houses believe that Steven Madden Ltd. (NASDAQ:SHOO) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Steven Madden Ltd. (NASDAQ:SHOO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.89.

Steven Madden Ltd. (NASDAQ:SHOO) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $47 and the lowest price target forecast is $31. The average forecast of all the analysts is $40 and the expected standard deviation is $5.77.

For the current week, the company shares have a recommendation consensus of Buy.

Steven Madden Ltd. (NASDAQ:SHOO): stock turned positive on Tuesday. Though the stock opened at $32.75, the bulls momentum made the stock top out at $33.09 level for the day. The stock recorded a low of $32.14 and closed the trading day at $32.61, in the green by 0.65%. The total traded volume for the day was 827,186. The stock had closed at $32.4 in the previous days trading.

In an insider trading activity, The director, of Steven Madden, Ltd., Lynch Rose Peabody had unloaded 1,722 shares at $34.34 per share in a transaction on June 17, 2016. The total value of transaction was $59,133. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Steven Madden, Ltd. designs, sources, markets and sells name brand and private label footwear for women, men and children. It operates under five segments, which include Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. Its brands include Madden Girl, Steve Madden Mens, Madden, Steven, Stevies and Steve Madden Kids, Betsey Johnson, Superga, FREEBIRD by Steve, Report, Mad Love, Dolce Vita and Brian Atwood. Its products are marketed through its retail stores and e-commerce Websites, as well as department stores, specialty stores, luxury retailers, value priced retailers, national chains, merchants and catalog retailers throughout the United States, Canada, Mexico and South Africa. In addition, it markets its products in Asia, Australia, Europe, India, the Middle East, South and Central America and New Zealand. The Companys subsidiaries include Steven Madden Retail, Inc. and BA Brand Holdings LLC, among others.

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