Steven Madden Reaches New 52-Week High (SHOO)

NEW YORK ( TheStreet) -- Steven Madden (Nasdaq: SHOO) hit a new 52-week high Tuesday as it is currently trading at $40.88, above its previous 52-week high of $40.85 with 181,902 shares traded as of 2:12 p.m. ET. Average volume has been 354,500 shares over the past 30 days.

Steven Madden has a market cap of $1.7 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 44.7% year to date as of the close of trading on Monday.

Steven Madden, Ltd., together with its subsidiaries, designs, sources, markets, and sells fashion-forward footwear for women, men, and children. The company has a P/E ratio of 22.2, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Steven Madden as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Steven Madden Ratings Report.

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