Steven Madden Ltd. (SHOO) Receives Price Target

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 $36.57. The maximum price target given is $42 and the minimum target for short term is around $31, hence the standard deviation is calculated at $4.54.

Steven Madden Ltd. (SHOO) : 8 analysts are covering Steven Madden Ltd. (SHOO) and their average rating on the stock is 2.25, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Susquehanna initiates coverage on Steven Madden Ltd. (NASDAQ:SHOO) . The global brokerage major announces a current price target of $42 per share. Analysts at the Susquehanna have a current rating of Positive on the shares. The rating by the firm was issued on August 12, 2016.

Steven Madden Ltd. (NASDAQ:SHOO): The stock opened at $34.98 on Thursday but the bulls could not build on the opening and the stock topped out at $35.07 for the day. The stock traded down to $34.28 during the day, due to lack of any buying support eventually closed down at $34.84 with a loss of -0.71% for the day. The stock had closed at $35.09 on the previous day. The total traded volume was 492,223 shares.

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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