Steven Madden Ltd. (SHOO) : Zacks Investment Research ranks Steven Madden Ltd. (SHOO) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.25, which indicates as a Buy.
Steven Madden Ltd. (SHOO) : The most positive equity analysts on Steven Madden Ltd. (SHOO) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $31 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $36.57 with an expected fluctuation of $4.54 from the mean.
Shares of Steven Madden, Ltd. rose by 1.16% in the last five trading days and 4.64% for the last 4 weeks. Steven Madden, Ltd. is up 12.01% in the last 3-month period. Year-to-Date the stock performance stands at 21.01%. Steven Madden Ltd. (NASDAQ:SHOO): stock turned positive on Tuesday. Though the stock opened at $36.36, the bulls momentum made the stock top out at $36.83 level for the day. The stock recorded a low of $36.228 and closed the trading day at $36.57, in the green by 1.19%. The total traded volume for the day was 362,925. The stock had closed at $36.14 in the previous days trading.
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.