B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Steven Madden (NASDAQ:SHOO) on Friday, setting a price target of $34, which is approximately 31.89% above the present share price of $25.78.
Anderson expects Steven Madden to post earnings per share (EPS) of $0.23 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Steven Madden, with an average price target of $24.67.
The analysts price targets range from a high of $36 to a low of $18.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $433.94 million and a net profit of $19.48 million. The company's market cap is $2.06 billion.
According to TipRanks.com, B.Riley FBR analyst Susan Anderson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.7% and a 34.32% success rate.
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. The Wholesale Accessories segment comprises of branded and private label handbags; belts and small leather goods; and cold weather and selected other fashion accessories. The Retail segment distributes branded women's, men's and children's footwear, accessories, and licensed products to consumers. The First Cost segment earns commissions and design fees for serving as a buying agent of footwear products to mass-market merchandisers, mid-tier department stores,and other retailers with respect to their purchase of footwear. The Licensing segment licenses its trademarks for use in connection with the manufacture, marketing, and sale of outerwear, hosiery, active wear, sleepwear, jewellery, watches, hair accessories, umbrellas, bedding, luggage, and men's leather accessories. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.