Steven Madden’s (SHOO) Market Perform Rating Reiterated at Telsey Advisory Group

Steven Madden (NASDAQ:SHOO)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $24.00 price target on the textile maker’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 4.44% from the stock’s current price. Telsey Advisory Group also issued estimates for Steven Madden’s Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at $1.74 EPS.

SHOO has been the subject of a number of other research reports. Loop Capital decreased their price target on shares of Steven Madden from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. StockNews.com lowered Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup lowered their price objective on Steven Madden from $35.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.00.

Steven Madden Trading Down 3.6 %

Steven Madden stock opened at $22.98 on Thursday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 9.78 and a beta of 1.04. Steven Madden has a twelve month low of $19.05 and a twelve month high of $50.01. The stock’s fifty day simple moving average is $23.61 and its 200-day simple moving average is $35.52.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, May 7th. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. The company had revenue of $551.38 million for the quarter, compared to the consensus estimate of $557.81 million. Steven Madden had a return on equity of 23.41% and a net margin of 7.68%. Steven Madden’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 EPS. Sell-side analysts predict that Steven Madden will post 2.66 earnings per share for the current year.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds have recently modified their holdings of the business. Mariner LLC increased its position in Steven Madden by 7.2% during the 4th quarter. Mariner LLC now owns 4,740 shares of the textile maker’s stock worth $202,000 after purchasing an additional 319 shares during the period. Moran Wealth Management LLC boosted its stake in shares of Steven Madden by 1.6% in the fourth quarter. Moran Wealth Management LLC now owns 21,126 shares of the textile maker’s stock valued at $898,000 after buying an additional 325 shares in the last quarter. Blue Trust Inc. raised its position in Steven Madden by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker’s stock worth $83,000 after acquiring an additional 339 shares in the last quarter. Tidal Investments LLC lifted its holdings in Steven Madden by 2.4% in the fourth quarter. Tidal Investments LLC now owns 17,784 shares of the textile maker’s stock valued at $756,000 after acquiring an additional 409 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Steven Madden by 5.5% during the 4th quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker’s stock worth $453,000 after purchasing an additional 554 shares in the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.