Steven Madden, Ltd. (NASDAQ:SHOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Steven Madden, Ltd. (NASDAQ:SHOO) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $43.6250.

A number of research analysts have recently commented on the company. Piper Sandler raised their price objective on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. BTIG Research reiterated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $50.00 price target on shares of Steven Madden in a report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $43.00 price objective on shares of Steven Madden in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th.

Steven Madden Price Performance

SHOO stock opened at $34.56 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 43.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. The company has a 50 day simple moving average of $43.53 and a 200 day simple moving average of $36.03. Steven Madden has a 1 year low of $19.05 and a 1 year high of $46.88.

Steven Madden (NASDAQ:SHOO) last issued its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $667.88 million during the quarter, compared to analyst estimates of $697.89 million. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Research analysts anticipate that Steven Madden will post 2.66 EPS for the current fiscal year.

Trending Headlines about Steven Madden

Here are the key news stories impacting Steven Madden this week:

• Positive Sentiment: Telsey Advisory reaffirmed an “outperform” rating with a $50 price target, signaling analysts who see sizable upside from current levels. Telsey Advisory Group rating
• Positive Sentiment: BTIG Research reaffirmed a “buy” rating and a $50 target, joining other brokers that view the name as undervalued over a longer horizon. BTIG Research rating
• Positive Sentiment: Needham & Company reiterated a buy rating with a $50 price target (reported by American Banking News), adding to the cluster of bullish analyst calls supporting upside. Needham buy rating
• Negative Sentiment: Jefferies downgraded SHOO from “hold” to “underperform” and set a $30 price target, citing wholesale headwinds and retailer pushback — a direct near-term negative catalyst that triggered selling pressure. Jefferies downgrade
• Negative Sentiment: Coverage in Yahoo Finance highlights Jefferies’ downgrade and the resulting share selloff, emphasizing the market reaction to reported wholesale channel weakness. Yahoo article
• Negative Sentiment: MSN and other outlets report that large retailers are rejecting Steven Madden’s price hikes, which pressures gross margins and near-term revenue growth — the operational worry driving the downgrade and selling. MSN coverage MSN on retailer pushback

Institutional Trading of Steven Madden

Several institutional investors have recently modified their holdings of SHOO. Oregon Public Employees Retirement Fund raised its position in Steven Madden by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock worth $693,000 after purchasing an additional 300 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Steven Madden in the 4th quarter valued at about $229,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Steven Madden in the fourth quarter valued at about $225,000. M&T Bank Corp bought a new position in shares of Steven Madden during the fourth quarter worth about $270,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Steven Madden by 12.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,762 shares of the textile maker’s stock worth $490,000 after acquiring an additional 1,259 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.