Steven Madden (NASDAQ:SHOO) Price Target Cut to $45.00 by Analysts at Needham & Company LLC

Steven Madden (NASDAQ:SHOO) had its price objective decreased by Needham & Company LLC from $52.00 to $45.00 in a research report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the textile maker’s stock.

Other analysts have also recently issued reports about the company. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research note on Friday, July 31st. Piper Sandler set a $55.00 target price on Steven Madden and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating and set a $55.00 target price (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. Williams Trading set a $56.00 price target on Steven Madden in a report on Monday, August 3rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $55.00 price target on shares of Steven Madden in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.20.

Steven Madden Trading Down 17.0%

Shares of SHOO stock opened at $38.99 on Thursday. Steven Madden has a fifty-two week low of $31.33 and a fifty-two week high of $49.70. The company has a 50 day moving average price of $43.80 and a 200 day moving average price of $41.41. The stock has a market capitalization of $2.85 billion, a P/E ratio of 19.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, November 5th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The company had revenue of $772.61 million for the quarter, compared to analyst estimates of $774.35 million. During the same period in the prior year, the business earned $0.43 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts predict that Steven Madden will post 2.15 EPS for the current fiscal year.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 11th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, December 11th. Steven Madden’s dividend payout ratio (DPR) is presently 42.21%.

Institutional Investors Weigh In On Steven Madden

Several institutional investors have recently modified their holdings of SHOO. Dimensional Fund Advisors LP increased its holdings in shares of Steven Madden by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock valued at $79,819,000 after acquiring an additional 99,066 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in Steven Madden in the second quarter valued at approximately $49,890,563. Vise Technologies Inc. purchased a new position in Steven Madden in the third quarter valued at approximately $29,302,000. Fort Washington Investment Advisors Inc. OH increased its stake in Steven Madden by 13.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock valued at $28,903,000 after purchasing an additional 77,108 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Steven Madden in the second quarter valued at approximately $25,618,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Steven Madden

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

• Positive Sentiment: Third-quarter earnings were $0.79 per share, above the $0.73 consensus estimate, while revenue rose about 15% year over year to $772.6 million. The company also raised its fiscal 2026 adjusted EPS outlook. Article: Steven Madden Raises 2026 Adjusted Profit Outlook After Q3 Earnings Beat, Sales Miss
• Positive Sentiment: Steven Madden declared a quarterly dividend of $0.21 per share, equivalent to $0.84 annually and a yield of about 2.2%.
• Negative Sentiment: Revenue of $772.6 million came in just below analysts’ $774.35 million estimate. The modest sales miss may have dampened the reaction to the earnings beat and higher outlook.
• Negative Sentiment: Needham lowered its price target from $52 to $45, while maintaining a Buy rating. The reduced target may have added pressure, despite implying upside from the quoted share price.

About Steven Madden

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.