Steven Madden Stock Hits New 52-Week High (SHOO)

NEW YORK ( TheStreet) -- Steven Madden (Nasdaq: SHOO) hit a new 52-week high Thursday as it is currently trading at $44.03, above its previous 52-week high of $43.92 with 111,707 shares traded as of 9:55 a.m. ET. Average volume has been 380,900 shares over the past 30 days.

Steven Madden has a market cap of $1.69 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 25.2% year to date as of the close of trading on Wednesday.

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 19.2, above the average consumer non-durables industry P/E ratio of 18.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Steven Madden as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Steven Madden Ratings Report.

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