Steven Madden (NASDAQ:SHOO) Downgraded by Zacks Research to Hold

Steven Madden (NASDAQ:SHOO) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently issued reports on SHOO. Telsey Advisory Group raised their price objective on shares of Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Needham & Company LLC upped their target price on shares of Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. BTIG Research reiterated a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research note on Monday, July 27th. Williams Trading set a $56.00 price target on Steven Madden in a report on Monday. Finally, Citigroup restated a “buy” rating and issued a $55.00 price target (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Steven Madden currently has an average rating of “Hold” and a consensus target price of $49.75.

Steven Madden Price Performance

Shares of NASDAQ SHOO opened at $49.07 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. Steven Madden has a twelve month low of $24.50 and a twelve month high of $49.32. The stock has a 50 day moving average of $43.47 and a two-hundred day moving average of $39.98. The stock has a market cap of $3.59 billion, a P/E ratio of 24.66 and a beta of 1.14.

Steven Madden (NASDAQ:SHOO) last announced its earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The business had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. On average, research analysts forecast that Steven Madden will post 2.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mitchell S. Klipper sold 3,918 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the completion of the sale, the director directly owned 32,555 shares of the company’s stock, valued at $1,580,219.70. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Al Ferrara sold 3,918 shares of Steven Madden stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total value of $189,082.68. Following the completion of the sale, the director owned 26,197 shares in the company, valued at approximately $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 15,356 shares of company stock worth $717,204. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of Steven Madden during the 1st quarter worth $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 purchasing an additional 1,437 shares in the last quarter. Millennium Management LLC increased its holdings 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 valued at $16,438,000 after purchasing an additional 568,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Steven Madden by 5.5% in the first 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 shares of Steven Madden by 273.1% in the first 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 period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden News Summary

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

• Positive Sentiment: Management raised its 2026 revenue and earnings outlook following second-quarter results. Brand strength, direct-to-consumer growth and margin expansion are helping offset freight, tariff and other cost pressures. SHOO Raises 2026 Outlook as Brand Strength Offsets Rising Cost Risks
• Positive Sentiment: Recent quarterly results showed strong momentum: earnings per share came in at $0.44 versus a $0.33 consensus estimate, while revenue of $665.9 million exceeded expectations and increased 19.1% year over year. Is SHOO Worth Buying as Growth Accelerates but Valuation Stretches?
• Positive Sentiment: Analyst sentiment remains favorable, with a “Moderate Buy” consensus and recent price-target increases, including Telsey Advisory Group’s move to $55 from $50. Institutional ownership is also high, with hedge funds and other institutions holding approximately 99.9% of shares.
• Positive Sentiment: The company declared a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 payout and a yield of roughly 1.7%.
• Neutral Sentiment: SHOO’s one-month rally has lifted its valuation to about 25 times earnings, making continued upside increasingly dependent on sustained brand momentum and higher earnings estimates. Can SHOO’s Rally Continue as Growth Gains Steam?
• Negative Sentiment: Directors Mitchell S. Klipper, Arian Simone Reed and Al Ferrara sold shares worth approximately $190,000, $61,000 and $189,000, respectively, on August 4–5. These transactions reduced their individual holdings by about 11%–13% and may create a modest negative signal for investors.

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.