Steven Madden (SHOO) Misses Q1 EPS by 1c

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Sterne Agee CRT Reiterates Buy on Steven Madden (SHOO) Following 1Q

April 22, 2016 1:36 PM EDT

Sterne Agee CRT maintained a Buy rating and $45.00 price target on Steven Madden (NASDAQ: SHOO) following the company's 1Q earnings report. SHOO reported an EPS of $0.33 in line with consensus estimates. Total revenue increased 1.7%, with total wholesale sales decreasing 0.4% and DTC sales increasing 14.3%. 1Q16 wholesale... More