Steven Madden Ltd. (SHOO) : 3 brokerage houses believe that Steven Madden Ltd. (SHOO) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Steven Madden Ltd. (SHOO). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.
Steven Madden Ltd. (SHOO) : 7 Wall Street analysts covering Steven Madden Ltd. (SHOO) believe that the average level the stock could reach for the short term is $37.71. The maximum price target given is $45 and the minimum target for short term is around $31, hence the standard deviation is calculated at $4.57.
Company shares have received an average consensus rating of Hold for the current week Steven Madden Ltd. (NASDAQ:SHOO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.56 and $34.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.27, notching a gain of 3.10% for the day. The total traded volume was 547,217 . The stock had closed at $34.21 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Steven Madden, Ltd., Lynch Rose Peabody had sold 1,722 shares worth of $59,133 in a transaction dated June 17, 2016. In this transaction, 1,722 shares were sold at $34.34 per share.
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.