Android app on Google Play

Sterne Agee Comments on Steven Madden (SHOO)

November 19, 2012 2:33 PM EST Send to a Friend
Get Alerts SHOO Hot Sheet
Price: $34.86 --0%

Rating Summary:
    8 Buy, 4 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade SHOO Now!
Join SI Premium – FREE
Sterne Agee reiterated a Buy rating on Steven Madden (NASDAQ: SHOO) and raised its price target to $51.00 (from $47.00).

Analysts pointed out a number of sales opportunities and potential for margin expansion.

Sales opportunities include international growth, the re-position of Steven and Report brands, and opportunities at Macy's.

Analysts said margin should improve as a result of direct sourcing.

"As of 3Q12, 15% of all shoes made by SHOO are directly sourced, which has added between 40-50bps to GM, and will likely add an additional 150bps as directly sourced goods expand to 50%," noted analyst Sam Poser.

For an analyst ratings summary and ratings history on Steven Madden click here. For more ratings news on Steven Madden click here.

Shares of Steven Madden closed at $42.08 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Sterne Agee

Add Your Comment