Steven Madden (NASDAQ:SHOO) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Steven Madden (NASDAQ:SHOO) in a report released on Thursday,Benzinga reports. They currently have a $50.00 target price on the textile maker’s stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Wednesday. Zacks Research upgraded Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Piper Sandler boosted their price objective on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. UBS Group restated a “neutral” rating and set a $43.00 price objective on shares of Steven Madden in a research note on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Thursday, January 22nd. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.63.

Steven Madden Price Performance

Shares of SHOO opened at $34.56 on Thursday. Steven Madden has a 52 week low of $19.05 and a 52 week 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 firm has a market cap of $2.51 billion, a price-to-earnings ratio of 43.75 and a beta of 1.11. The stock has a 50 day moving average of $43.53 and a 200-day moving average of $36.03.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $667.88 million for 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. As a group, analysts forecast that Steven Madden will post 2.66 EPS for the current year.

Institutional Trading of Steven Madden

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scopus Asset Management L.P. bought a new position in shares of Steven Madden in the third quarter valued at approximately $36,451,000. Boston Partners acquired a new stake in Steven Madden in the third quarter worth approximately $33,319,000. Invesco Ltd. boosted its stake in Steven Madden by 50.5% during the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after purchasing an additional 814,318 shares in the last quarter. Neumeier Poma Investment Counsel LLC increased its position in shares of Steven Madden by 155.9% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock valued at $31,974,000 after purchasing an additional 581,745 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after buying an additional 568,477 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.

Key Stories 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

About Steven Madden

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.