Steven Madden (NASDAQ:SHOO) Issues Quarterly Earnings Results

Steven Madden (NASDAQ:SHOO) posted its quarterly earnings results on Wednesday. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02, FiscalAI reports. The firm had revenue of $753.70 million for the quarter, compared to analysts’ expectations of $758.53 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS.

Here are the key takeaways from Steven Madden’s conference call:

• Brand momentum and Kurt Geiger acquisition: Steve Madden returned to growth with stronger AURs and marketing traction (online searches +10% YoY in Q4), Kurt Geiger delivered pro forma +11% revenue in 2025 and is expected to grow similarly in 2026, and Dolce Vita is forecasted for high single-digit growth — all positioning branded businesses to drive growth.
• Private label severely impacted by tariffs: Private label revenue fell ~15% in 2025 and the company expects nearly a 20% decline in 2026 (potentially ~$70M less), driven by price sensitivity in mass channels where the company lacks brand pricing leverage.
• Top-line guidance but no EPS guidance: Management gave 2026 revenue guidance of +9%–11% (Q1 +15%–17%) but withheld earnings guidance because of ongoing tariff policy uncertainty, creating mixed visibility for investors.
• Margin and expense pressures: Although consolidated gross margin improved in Q4 to 43.8%, net income declined year-over-year and the company flagged higher SG&A (normalizing incentive pay, restored salaries), plus warehouse/fulfillment and integration costs that will pressure operating margins.

Steven Madden Stock Down 5.7%

Shares of NASDAQ:SHOO traded down $2.13 during mid-day trading on Wednesday, hitting $35.23. 2,002,496 shares of the company traded hands, compared to its average volume of 1,561,212. The stock has a 50-day moving average price of $42.21 and a two-hundred day moving average price of $37.33. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.88. The stock has a market cap of $2.56 billion, a P/E ratio of 44.60 and a beta of 1.11. The company has a current ratio of 1.91, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33.

Steven Madden News Summary

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

• Positive Sentiment: Q4 results: EPS beat estimates ($0.48 vs. $0.46) and revenue rose ~29% y/y driven by the Kurt Geiger acquisition — indicates material top-line growth. SHOO Q4 Earnings Top Estimates, Revenues Jump Y/Y on Kurt Geiger Boost
• Neutral Sentiment: FY2026 revenue outlook provided (~$2.7B–$2.8B), roughly in line with consensus — revenue guide offers some visibility on scale but lacks detail on margins and EPS. Steve Madden Announces Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Needham cut its price target from $50 to $41 but retained a Buy rating — the lowered target trims analyst optimism but still implies upside from current levels. Benzinga
• Negative Sentiment: Management withheld a profit/earnings forecast citing tariff uncertainty — increased forward-looking risk likely pressured sentiment as investors seek clearer margin guidance. Steven Madden withholds profit forecast on tariff uncertainty
• Negative Sentiment: Revenue slightly missed consensus ($753.7M vs. ~$758.5M) and net margin/comparable profitability softened year-over-year — the mixed beat (EPS) / revenue miss dynamic can amplify short-term selling. MarketBeat: Earnings report

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Natixis Advisors LLC bought a new position in Steven Madden in the 4th quarter worth about $456,000. Brooklyn Investment Group lifted its holdings in shares of Steven Madden by 378.8% in the third quarter. Brooklyn Investment Group now owns 13,612 shares of the textile maker’s stock worth $456,000 after buying an additional 10,769 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Steven Madden in the fourth quarter valued at approximately $450,000. FORA Capital LLC purchased a new position in Steven Madden during the second quarter valued at approximately $288,000. Finally, Inceptionr LLC bought a new stake in Steven Madden during the 4th quarter worth approximately $269,000. 99.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHOO. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group reissued a “neutral” rating on shares of Steven Madden in a research report on Monday. Piper Sandler raised their target price on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. BTIG Research reiterated a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a report on Thursday, February 19th. Finally, Needham & Company LLC decreased their price objective on Steven Madden from $50.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.38.

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.