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Telsey Advisory Group disclosed Steven Madden Ltd (NASDAQ:SHOO), dropping its stock price target to $38.00 earlier today

Telsey Advisory Group dropped the estimated target of Steven Madden Ltd (NASDAQ:SHOO) to $38, reporting a possible upside of 0.13%.

Only yesterday Steven Madden Ltd (NASDAQ:SHOO) traded 1.07% lower at $33.52. Steven Madden Ltd’s 50-day moving average is $35.08 and its two hundred day average is $35.02. With the last stock close down 2.23% from the 200-day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. Trade volume was was up over the average, with 509,060 shares of SHOO changing hands over the typical 461,822 shares..

Recent Performance Graphic:

Steven Madden Ltd (NASDAQ:SHOO)

Steven Madden Ltd has a 52 week low of $27.80 and a one-year high of $41.95 with a price-earnings ratio of 18 and has a market cap of $0.0.

Also covering Steven Madden Ltd’s stock price target, a total of 10 brokers have reported on the stock. The average target stock price is $38.50 with three analysts rating the stock a strong buy, four analysts rating the company a buy, five analyts rating the stock a hold, one firm rating the company to underperform, and finally 0 firmsrating the company as sell.

More About Steven Madden Ltd (NASDAQ:SHOO)

Steven Madden, Ltd. and its subsidiaries design, source, market and sell name brand and private label footwear for women, men and children. The Company operates through five segments: Wholesale Footwear, which consists of brands, including Steve Madden Women’s and Dolce Vita; Wholesale Accessories, which includes Betseyville and Luv Betse accessories brands; First Cost, which earns commissions for serving as a buying agent for footwear products under private labels for market merchandisers; Retail, which includes Steve Madden stores located in shopping malls and in urban street locations across the United States, Canada, Mexico and South Africa, and Licensing, and which is engaged in the licensing of the Steve Madden and Madden Girl trademarks for use in connection with the manufacture and sale of outerwear and men’s leather accessories.

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