Steven Madden (NASDAQ:SHOO) Shares Gap Down After Analyst Downgrade

Steven Madden, Ltd. (NASDAQ:SHOO)’s share price gapped down before the market opened on Wednesday after Needham & Company LLC lowered their price target on the stock from $50.00 to $41.00. The stock had previously closed at $37.36, but opened at $35.90. Needham & Company LLC currently has a buy rating on the stock. Steven Madden shares last traded at $35.6960, with a volume of 1,034,584 shares trading hands.

Other analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Thursday, February 5th. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, February 19th. UBS Group restated a “neutral” rating on shares of Steven Madden in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a report on Thursday, January 22nd. Finally, Piper Sandler lifted 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. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and an average target price of $42.38.

Key Steven Madden News

Here are the key news stories impacting Steven Madden this week:

• Positive Sentiment: Declared cash dividend of $0.21 per share (record Mar 11, pay Mar 20), implying a ~2.3% yield — supports income investors and can reduce selling pressure around the ex-dividend date. Read More.
• Positive Sentiment: Short interest fell sharply (~24% month-over-month to ~3.38M shares, ~4.8% of float), lowering potential short-squeeze risk and removing some near-term downward pressure on the stock. (internal short-interest report)
• Positive Sentiment: Small EPS beat: adjusted Q4 EPS $0.48 vs. consensus ~$0.46, showing the business can still deliver earnings upside despite pressures. Read More.
• Neutral Sentiment: Revenue rose ~29% y/y to ~$753.7M, largely driven by the Kurt Geiger acquisition — a growth datapoint that’s offset by margin and cost questions. Read More.
• Neutral Sentiment: Company provided FY2026 revenue range (~$2.7B–$2.8B) but offered limited/unclear EPS guidance, leaving the street to model margins and tariff impacts. Read More.
• Negative Sentiment: Management withheld a clear profit forecast and flagged tariff uncertainty as a material near-term headwind — that guidance ambiguity is a key reason the stock sold off despite the EPS beat. Read More.
• Negative Sentiment: Analyst reaction: Needham cut its price target from $50 to $41 (still a buy), signaling reduced upside expectations and prompting some re-rating by investors. Read More.
• Negative Sentiment: High intraday volume and broad-sector weak sentiment amplified the move lower as traders reacted to uncertainty around tariffs, margins and analyst revisions (market flow).

Institutional Investors Weigh In On Steven Madden

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Steven Madden during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in Steven Madden during the 3rd quarter valued at approximately $31,000. Global Retirement Partners LLC raised its stake in Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 745 shares during the period. Finally, First Horizon Corp lifted its holdings in Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after purchasing an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Stock Down 4.1%

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 capitalization of $2.60 billion, a P/E ratio of 45.34 and a beta of 1.11. The company has a 50 day simple moving average of $42.07 and a two-hundred day simple moving average of $37.32.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, February 25th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The firm had revenue of $753.70 million for the quarter, compared to analysts’ expectations of $758.53 million. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. On average, equities analysts predict that Steven Madden, Ltd. will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Wednesday, March 11th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.84 annualized dividend and a yield of 2.3%. Steven Madden’s payout ratio is presently 106.33%.

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.