Piper Sandler Sticks to Their Buy Rating for Steven Madden (SHOO)
Piper Sandler analyst Anna Andreeva maintained a Buy rating on Steven Madden today and set a price target of $55.00.
According to TipRanks, Andreeva is an analyst with an average return of -6.1% and a 36.30% success rate. Andreeva covers the Consumer Cyclical sector, focusing on stocks such as Steven Madden, Crocs, and Ulta Beauty.
Currently, the analyst consensus on Steven Madden is a Moderate Buy with an average price target of $51.13.
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 48 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. Earlier this month, Arian Simone Reed, a Director at SHOO sold 1,250.00 shares for a total of $60,950.00.
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- Steven Madden price target raised to $55 from $50 at Piper Sandler
- Sam Poser Raises Steve Madden Price Target to $56 and Reaffirms Buy on Stronger‑Than‑Expected Q2 and Upgraded Outlook
- Steven Madden Boosts Outlook On Margin-Fueled Q2
- Steven Madden price target raised to $45 from $40 at UBS
- Steven Madden price target raised to $55 from $45 at Citi
