Steven Madden (NASDAQ:SHOO) Price Target Raised to $43.00 at BTIG Research

Steven Madden (NASDAQ:SHOO) had its price target increased by BTIG Research from $40.00 to $43.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. BTIG Research’s price target suggests a potential upside of 16.75% from the company’s current price.

SHOO has been the subject of a number of other research reports. Wall Street Zen raised Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup reaffirmed a “buy” rating and issued a $41.00 price objective (up previously from $32.00) on shares of Steven Madden in a research report on Friday, October 17th. Piper Sandler raised Steven Madden from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $40.00 in a research report on Monday, September 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price target on Steven Madden from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Steven Madden has an average rating of “Hold” and a consensus target price of $38.00.

Steven Madden Trading Up 12.2%

Shares of NASDAQ:SHOO traded up $3.99 during midday trading on Wednesday, reaching $36.83. The company’s stock had a trading volume of 1,883,504 shares, compared to its average volume of 1,541,579. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 28.96 and a beta of 1.31. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.33. Steven Madden has a 1 year low of $19.05 and a 1 year high of $46.99. The business has a 50 day moving average price of $32.84 and a 200 day moving average price of $27.61.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. Steven Madden’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Research analysts forecast that Steven Madden will post 2.66 EPS for the current year.

Institutional Investors Weigh In On Steven Madden

Several institutional investors and hedge funds have recently modified their holdings of SHOO. EverSource Wealth Advisors LLC boosted its position in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after buying an additional 485 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Steven Madden in the third quarter worth about $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Steven Madden by 328.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,161 shares of the textile maker’s stock worth $58,000 after acquiring an additional 1,657 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Steven Madden by 475.5% in the second quarter. Signaturefd LLC now owns 2,492 shares of the textile maker’s stock worth $60,000 after acquiring an additional 2,059 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Steven Madden by 231.0% in the first quarter. CWM LLC now owns 2,277 shares of the textile maker’s stock worth $61,000 after acquiring an additional 1,589 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.