Steven Madden (NASDAQ:SHOO) Downgraded by Jefferies Financial Group to “Underperform”

Jefferies Financial Group downgraded shares of Steven Madden (NASDAQ:SHOO) from a hold rating to an underperform rating in a research note released on Thursday, MarketBeat.com reports. Jefferies Financial Group currently has $30.00 price target on the textile maker’s stock.

A number of other brokerages have also commented on SHOO. UBS Group restated a “neutral” rating and issued a $43.00 price target on shares of Steven Madden in a report on Tuesday, December 9th. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target (up previously from $43.00) on shares of Steven Madden in a research report on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Wednesday. Finally, Zacks Research upgraded shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.63.

Steven Madden Price Performance

NASDAQ SHOO opened at $34.56 on Thursday. The business has a 50 day simple moving average of $43.53 and a 200 day simple moving average of $36.03. Steven Madden has a 52-week low of $19.05 and a 52-week high of $46.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.91. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 43.75 and a beta of 1.11.

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

Institutional Investors Weigh In On Steven Madden

Several large investors have recently made changes to their positions in SHOO. AQR Capital Management LLC acquired a new position in Steven Madden during the first quarter worth $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Steven Madden by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock valued at $1,143,000 after acquiring an additional 1,437 shares during the period. Millennium Management LLC increased its stake in shares of Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after purchasing an additional 568,477 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Steven Madden by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock valued at $5,388,000 after purchasing an additional 10,603 shares during the period. Finally, Jane Street Group LLC lifted its stake in Steven Madden by 273.1% in the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after purchasing an additional 115,284 shares during the last quarter. Institutional investors and hedge funds 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.