Steven Madden Ltd. (SHOO) Shares are Up 4.62%

Steven Madden Ltd. (SHOO) has been under a strong bear grip, hence the stock is down -1.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.57% in the past 1 week. The stock has risen by 4.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.25% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.73% and the 50-Day Moving Average is 4.51%. Steven Madden Ltd. (NASDAQ:SHOO): stock turned positive on Friday. Though the stock opened at $35.48, the bulls momentum made the stock top out at $36.36 level for the day. The stock recorded a low of $35.48 and closed the trading day at $36.2, in the green by 2.64%. The total traded volume for the day was 592,987. The stock had closed at $35.27 in the previous days trading.


The company Insiders own 2.2% of Steven Madden Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.76% . Institutional Investors own 94.29% of Steven Madden Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -5.23%. Also, Susquehanna initiates coverage on Steven Madden Ltd. (NASDAQ:SHOO). The rating major has initiated the coverage with positive rating on the shares. The Analysts at Susquehanna announces a current price target of $42 per share. The rating by the firm was issued on August 12, 2016.

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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