Steven Madden ( (SHOO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Steven Madden’s stock is on the rise after Piper Sandler upgraded the company to an Overweight rating. This upgrade is based on expectations of a recovery from tariff impacts and potential earnings growth. The company is anticipated to improve its EBIT margins and increase its earnings power, with current valuations considered low. Despite the recent uptick, the stock remains down for the year.
More about Steven Madden
YTD Price Performance: -22.99%
Average Trading Volume: 1,608,670
Technical Sentiment Signal: Buy
Current Market Cap: $2.33B
For further insights into SHOO stock on TipRanks’ Stock Analysis page.
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