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Telsey Advisory Reaffirms Their Buy Rating on Steven Madden (SHOO)

Tipranks - Tipranks - Fri Jul 31, 11:50AM CDT

In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Steven Madden, with a price target of $50.00.

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Telsey covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Bath & Body Works, and Ralph Lauren. According to TipRanks, Telsey has an average return of 2.4% and a 45.42% success rate on recommended stocks.

Steven Madden has an analyst consensus of Strong Buy, with a price target consensus of $48.71.

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Based on Steven Madden’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $665.87 million and a net profit of $27.73 million. In comparison, last year the company earned a revenue of $559 million and had a GAAP net loss of $39.48 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHOO in relation to earlier this year. Last month, Arian Simone Reed, a Director at SHOO sold 1,100.00 shares for a total of $49,907.00.

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