Canaccord Genuity Reaffirms Buy Rating on Steven Madden (SHOO)

By admin | 6 years ago

Steven Madden (NASDAQ: SHOO)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday.

Several other analysts have also recently commented on the stock. Analysts at Auriga reiterated a “buy” rating on shares of Steven Madden in a research note to investors on Thursday. Finally, analysts at Wedbush initiated coverage on shares of Steven Madden in a research note to investors on Monday, March 26th. They set a “neutral” rating on the stock.

Steven Madden traded down 1.08% on Friday, hitting $42.15. Steven Madden has a 52-week low of $27.80 and a 52-week high of $45.70. The company has a market cap of $1.800 billion and a price-to-earnings ratio of 18.31.

Steven Madden last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company’s revenue for the quarter was up 60.4% on a year-over-year basis. Analysts expect that Steven Madden will post $0.86 EPS next quarter.

Steven Madden, Ltd. designs, sources, markets and sells footwear for women, men and children. The Company also designs, sources, markets and retails name brand and private label fashion handbags and accessories, through its Accessories Division.

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