Steven Madden Receives a Hold from Jefferies

By Austin Angelo

Jefferies analyst Daniel Binder reiterated a Hold rating on Steven Madden (NASDAQ: SHOO) on June 14 and set a price target of $37. The company’s shares closed yesterday at $39.20.

According to, Binder is a 5-star analyst with an average return of 7.6% and a 68.1% success rate. Binder covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Kar Auction Services Inc, and Container Store Group.

Steven Madden has an analyst consensus of Strong Buy, with a price target consensus of $42.

Steven Madden’s market cap is currently $2.34B and has a P/E ratio of 19.60. The company has a book value ratio of 3.1765.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Richard P. Randall, a Director at SHOO sold 2,454 shares for a total of $94,441.

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Steven Madden Ltd. designs, markets and sells fashion-forward footwear for women, men, and children. The company operates its business through following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. The Wholesale Footwear segment is comprised of the following brands: Steve Madden Women’s, Madden Girl, Steve Madden Men’s, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Report, Report Signature, Superga, Betsey Johnson, Steve Madden Kids, FREEBIRD by Steven, Stevies, Wild Pair, Brian Atwood, B Brian Atwood and includes the International business and certain private label footwear business. The Wholesale Accessories segment designs, sources and markets name brands including: Madden, Steven by Steve Madden, Madden Girl, Betsey Johnson, Betseyville, Big Buddha and private label fashion handbags and accessories to department stores, mass merchants, value priced retailers, online retailers and specialty stores throughout the United States and Canada. The Retail segment owns and operates retail stores, including Steve madden full price stores, Steve Madden outlet stores, Steven store, Superga and e-commerce websites for Steve Madden, Superga, Betsey Johnson, and Dolce Vita. The First Cost segment earns commissions for serving as buying agent for footwear products under private labels for many of the large mass-market merchandisers, shoe chains, and other mid-tier retailers. The Licensing segment engages in the licensing of the Steve Madden and Steven by Steve Madden trademarks for use in connection with the manufacture, marketing, and sale of sunglasses, eyewear, outerwear, bedding, hosiery and women’s fashion apparel, jewelry, watches, and luggage. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.