BTIG Research Reiterates Buy Rating for Steven Madden (NASDAQ:SHOO)

Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $50.00 price target on the textile maker’s stock. BTIG Research’s target price points to a potential upside of 40.02% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Citigroup reiterated a “buy” rating and issued a $41.00 price objective (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Zacks Research raised shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Jefferies Financial Group downgraded shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $43.00 target price on shares of Steven Madden in a research report on Tuesday, December 9th. Finally, Piper Sandler boosted their target price on shares of Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Steven Madden presently has a consensus rating of “Moderate Buy” and an average target price of $43.63.

Steven Madden Stock Performance

SHOO stock opened at $35.71 on Thursday. The stock’s 50 day simple moving average is $43.41 and its 200 day simple moving average is $36.10. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.88. The stock has a market capitalization of $2.59 billion, a PE ratio of 45.20 and a beta of 1.11.

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

Institutional Investors Weigh In On Steven Madden

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legato Capital Management LLC raised its stake in Steven Madden by 134.9% during the 4th quarter. Legato Capital Management LLC now owns 142,647 shares of the textile maker’s stock worth $5,940,000 after acquiring an additional 81,922 shares during the period. Global Retirement Partners LLC increased its stake in shares of Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after purchasing an additional 745 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Steven Madden during the 4th quarter valued at $1,504,000. ProShare Advisors LLC raised its position in shares of Steven Madden by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 13,974 shares of the textile maker’s stock valued at $582,000 after purchasing an additional 433 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of 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 valued at $693,000 after buying an additional 300 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Steven Madden

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

• Positive Sentiment: Multiple firms reaffirmed buy/outperform ratings and high price targets, supporting upside expectations — BTIG and Telsey each kept a $50 price target (~40% above current levels), and Needham issued a buy rating, all signaling continued analyst conviction in growth and margin recovery. Analyst Reaffirmations
• Positive Sentiment: Aggregated analyst data shows a consensus “Moderate Buy,” which can provide a baseline of support for the stock as investors weigh divergent views. Consensus Recommendation
• Neutral Sentiment: Wide analyst target dispersion (roughly $30 to $50) increases short-term volatility — bullish firms cite upside from pricing and brand strength, while bearish views focus on wholesale execution. This split means news flow and guidance will likely move the stock materially. Analyst Coverage Note
• Negative Sentiment: Jefferies downgraded SHOO from Hold to Underperform and cut its target to $30, pointing to near-term wholesale headwinds; that downgrade triggered heavy selling pressure and headlines about a sell-off. Jefferies Downgrade
• Negative Sentiment: Coverage in news outlets reports that large retail customers are reportedly rejecting price increases, which could pressure margins and wholesale revenue if retailers resist passing through higher costs. Those reports explain the sharp intraday weakness cited in market headlines. Wholesale Headwinds Coverage

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.