Steven Madden (NASDAQ:SHOO) Earns Buy Rating from Needham & Company LLC

Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They presently have a $50.00 price target on the textile maker’s stock. Needham & Company LLC’s target price would suggest a potential upside of 44.68% from the stock’s current price.

SHOO has been the topic of several other reports. Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Piper Sandler lifted their price target on shares of Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Thursday, January 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Steven Madden currently has a consensus rating of “Moderate Buy” and an average price target of $43.63.

Steven Madden Stock Down 10.8%

Shares of NASDAQ:SHOO opened at $34.56 on Wednesday. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.88. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $43.53 and a two-hundred day simple moving average of $36.03. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 43.75 and a beta of 1.11.

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

Institutional Trading of Steven Madden

Several hedge funds have recently modified their holdings of SHOO. Public Employees Retirement System of Ohio raised its position in shares of Steven Madden by 13.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock worth $78,000 after acquiring an additional 283 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Steven Madden by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock valued at $693,000 after acquiring an additional 300 shares during the last quarter. First Horizon Corp raised its stake in Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 317 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Steven Madden by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after buying an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Steven Madden by 4.1% in the 4th quarter. GAMMA Investing LLC now owns 10,076 shares of the textile maker’s stock worth $420,000 after purchasing an additional 396 shares in the last quarter. 99.88% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting 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

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.