Steven Madden stock reports Q2 growth as targets rise

Steven Madden (SHOO) reported strong Q2 revenue of $665.87 million, a 19.10% year-over-year increase, and an EPS of $0.44, beating consensus estimates. Analysts have maintained a "Moderate Buy" consensus with an average 12-month target of $51.80, indicating positive sentiment and target increases from firms like Citigroup and UBS. The company's market capitalization stands at $3.3 billion, reflecting its solid performance in the footwear and accessories market.