Steven Madden (SHOO) Gets a Buy Rating from Susquehanna

In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Steven Madden (SHOOResearch Report), with a price target of $41. The company’s shares opened today at $35.01.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.1% and a 55.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Steven Madden has an analyst consensus of Moderate Buy, with a price target consensus of $38.83.

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Based on Steven Madden’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $12.49 million. In comparison, last year the company had a net profit of $28.67 million.

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Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women’s, men’s, girl’s and children’s footwear.