Steven Madden’s (SHOO) “Buy” Rating Reaffirmed at BTIG Research

BTIG Research reiterated their buy rating on shares of Steven Madden (NASDAQ:SHOO) in a research report report published on Thursday,Benzinga reports. BTIG Research currently has a $50.00 price target on the textile maker’s stock.

Other analysts have also issued research reports about the stock. Piper Sandler boosted their price target 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. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Steven Madden in a report on Wednesday. Telsey Advisory Group restated an “outperform” rating and issued a $50.00 target price on shares of Steven Madden in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Thursday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $43.00 price target on shares of Steven Madden in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.63.

Steven Madden Stock Down 10.8%

SHOO stock opened at $34.56 on Thursday. The stock’s 50 day simple moving average is $43.53 and its 200 day simple moving average is $36.03. The company has a market cap of $2.51 billion, a P/E ratio of 43.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. Steven Madden has a fifty-two week low of $19.05 and a fifty-two week high of $46.88.

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 net margin of 2.38% and a return on equity of 14.28%. The firm had revenue of $667.88 million for the quarter, compared to the consensus estimate of $697.89 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Steven Madden

Several hedge funds have recently modified their holdings of the company. CX Institutional raised its stake in shares of Steven Madden by 912.7% in the third quarter. CX Institutional now owns 324,218 shares of the textile maker’s stock valued at $10,855,000 after buying an additional 292,204 shares during the period. Creative Planning increased its holdings in Steven Madden by 463.4% in the 2nd quarter. Creative Planning now owns 89,156 shares of the textile maker’s stock worth $2,138,000 after acquiring an additional 73,331 shares during the last quarter. Strs Ohio raised its stake in Steven Madden by 993.2% in the 3rd quarter. Strs Ohio now owns 129,000 shares of the textile maker’s stock valued at $4,319,000 after acquiring an additional 117,200 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Steven Madden by 15.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,679,538 shares of the textile maker’s stock valued at $42,324,000 after purchasing an additional 224,157 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Steven Madden by 7.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,647 shares of the textile maker’s stock worth $447,000 after purchasing an additional 1,371 shares during the period. Institutional investors own 99.88% of the company’s stock.

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

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.