Steven Madden (NASDAQ:SHOO) Stock Falls 16.5% After Analyst Downgrade

Steven Madden, Ltd. (NASDAQ:SHOO) shares dropped 16.5% during mid-day trading on Thursday after Needham & Company LLC lowered their price target on the stock from $52.00 to $45.00. Needham & Company LLC currently has a buy rating on the stock. Steven Madden traded as low as $39.11 and last traded at $39.2230. Approximately 380,342 shares traded hands during trading, a decline of 68% from the average session volume of 1,198,749 shares. The stock had previously closed at $46.98.

SHOO has been the topic of a number of other reports. Williams Trading set a $56.00 price target on shares of Steven Madden in a report on Monday, August 3rd. Citigroup restated a “buy” rating and issued a $55.00 price objective (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Weiss Ratings cut shares of Steven Madden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Wall Street Zen raised shares of Steven Madden from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Finally, Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.20.

Key Headlines Impacting Steven Madden

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

• Positive Sentiment: Q3 profit beat and outlook raised: Steven Madden reported earnings of $0.79 per share, above analyst expectations. Revenue rose about 15% year over year, while wholesale sales increased 19.4% and margins improved. Management raised its 2026 sales and adjusted EPS outlook, giving investors reasons for optimism despite the slight revenue miss. SHOO Q3 Earnings Beat on Wholesale Strength, 2026 Outlook Raised
• Positive Sentiment: Bullish analyst view: BTIG reiterated its Buy rating and $55 price target, citing the strong quarter and raised outlook. BTIG Buy rating and price target
• Neutral Sentiment: Dividend declared: The company announced a quarterly dividend of $0.21 per share, equivalent to $0.84 annually. Steven Madden reports results and declares dividend
• Negative Sentiment: Revenue narrowly missed estimates: Quarterly revenue of $772.6 million came in slightly below the roughly $774 million consensus, tempering the earnings beat. Steven Madden raises 2026 profit outlook after Q3 earnings beat, sales miss
• Negative Sentiment: Some caution on valuation and risks: Needham lowered its price target to $45 while keeping a Buy rating; Jefferies’ Hold view points to risks that may limit enthusiasm. Jefferies analyst view on Steven Madden

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake 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 worth $79,819,000 after buying an additional 99,066 shares during the last quarter. Neumeier Poma Investment Counsel LLC purchased a new position in shares of Steven Madden in the 2nd quarter worth about $49,890,563. Aberdeen Group plc boosted its stake in Steven Madden by 262.4% in the 3rd quarter. Aberdeen Group plc now owns 1,094,798 shares of the textile maker’s stock worth $49,014,000 after purchasing an additional 792,676 shares in the last quarter. Bank of America Corp DE grew its position in Steven Madden by 4.9% during the 1st quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock valued at $25,495,000 after purchasing an additional 35,259 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new stake in Steven Madden during the 3rd quarter valued at about $29,302,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

Steven Madden Stock Up 1.3%

The company has a market capitalization of $2.89 billion, a PE ratio of 16.32 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. The company’s 50-day moving average is $43.69 and its 200 day moving average is $41.38.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Thursday, November 5th. The textile maker reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $774.35 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts anticipate that Steven Madden, Ltd. will post 2.15 EPS for the current year.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 11th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, December 11th. Steven Madden’s dividend payout ratio (DPR) is presently 42.21%.

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.