Steven Madden (NASDAQ:SHOO) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Steven Madden (NASDAQ:SHOO) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Several other research analysts have also commented on SHOO. UBS Group reiterated a “neutral” rating and set a $43.00 price objective on shares of Steven Madden in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a report on Thursday, January 22nd. Piper Sandler upped their target price on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. BTIG Research reissued a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a report on Thursday. Finally, Wall Street Zen upgraded Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Steven Madden has a consensus rating of “Hold” and an average target price of $43.63.

Steven Madden Trading Up 3.3%

Shares of NASDAQ SHOO opened at $35.71 on Thursday. Steven Madden has a 1-year low of $19.05 and a 1-year high of $46.88. The business has a fifty day moving average price of $43.41 and a 200 day moving average price of $36.16. The stock has a market capitalization of $2.59 billion, a P/E ratio of 45.20 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.

Steven Madden (NASDAQ:SHOO) last announced 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 firm 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Equities research analysts expect that Steven Madden will post 2.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Steven Madden

A number of large investors have recently bought and sold shares of the company. CX Institutional lifted its holdings in 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 acquiring an additional 292,204 shares during the period. Creative Planning increased its holdings in shares of Steven Madden by 463.4% during the 2nd quarter. Creative Planning now owns 89,156 shares of the textile maker’s stock valued at $2,138,000 after purchasing an additional 73,331 shares in the last quarter. Strs Ohio increased its holdings in shares of Steven Madden by 993.2% during the 3rd quarter. Strs Ohio now owns 129,000 shares of the textile maker’s stock valued at $4,319,000 after purchasing an additional 117,200 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Steven Madden by 15.4% in the 2nd 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 period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings 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 buying an additional 1,371 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden News Roundup

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.