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

Steven Madden (NASDAQ:SHOO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Jefferies Financial Group downgraded Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research report on Thursday. UBS Group restated a “neutral” rating and issued a $43.00 price objective on shares of Steven Madden in a research report on Tuesday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Steven Madden in a research note on Wednesday. Finally, Piper Sandler increased 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.63.

Steven Madden Stock Performance

SHOO opened at $35.71 on Thursday. The firm has a fifty day moving average price of $43.41 and a 200 day moving average price of $36.10. Steven Madden has a 1 year low of $19.05 and a 1 year high of $46.88. The stock has a market cap 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 released its quarterly earnings results 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 analyst estimates of $697.89 million. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Steven Madden will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On Steven Madden

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional boosted its position in shares of Steven Madden by 912.7% during the 3rd 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 last quarter. Creative Planning increased its position in Steven Madden by 463.4% during the second quarter. Creative Planning now owns 89,156 shares of the textile maker’s stock worth $2,138,000 after purchasing an additional 73,331 shares during the last quarter. Strs Ohio raised its stake in Steven Madden by 993.2% during the third quarter. Strs Ohio now owns 129,000 shares of the textile maker’s stock worth $4,319,000 after purchasing an additional 117,200 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Steven Madden by 7.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,647 shares of the textile maker’s stock valued at $447,000 after buying an additional 1,371 shares during the period. Institutional investors and hedge funds 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.