Canaccord Genuity Reiterates a 'Buy' on Steven Madden (SHOO); Multiple Top-Line Levers to Drive Upside in 2012
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Price: $45.71 -3.44%
Rating Summary:
15 Buy, 4 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
15 Buy, 4 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on Steven Madden (NASDAQ: SHOO) price target raised from $47 to $50.
Analyst, Camilo Lyon, said, "After a solid Q4 report, we believe SHOO is well positioned for continued top- and bottom-line growth in 2012. We believe Tuesday’s report is further evidence that the company continues to execute at a high level while staying in front of the fashion curve. Sales and EPS guidance for 2012 was roughly as expected (21-23% growth and $2.60-2.70, respectively). Given the multiple sales drivers we believe are present in 2012 (e.g., higher ASPs from shifting fashion trends, growth of emerging brands, international expansion, and retail growth) we view this guidance as conservative."
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 $42.20 yesterday.
Analyst, Camilo Lyon, said, "After a solid Q4 report, we believe SHOO is well positioned for continued top- and bottom-line growth in 2012. We believe Tuesday’s report is further evidence that the company continues to execute at a high level while staying in front of the fashion curve. Sales and EPS guidance for 2012 was roughly as expected (21-23% growth and $2.60-2.70, respectively). Given the multiple sales drivers we believe are present in 2012 (e.g., higher ASPs from shifting fashion trends, growth of emerging brands, international expansion, and retail growth) we view this guidance as conservative."
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 $42.20 yesterday.
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