Steven Madden (NASDAQ:SHOO) Shares Gap Up – Still a Buy?

Steven Madden, Ltd. (NASDAQ:SHOO) gapped up prior to trading on Wednesday . The stock had previously closed at $32.84, but opened at $35.37. Steven Madden shares last traded at $35.1740, with a volume of 473,699 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Steven Madden from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Wednesday, October 8th. BTIG Research lifted their target price on shares of Steven Madden from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Piper Sandler upgraded shares of Steven Madden from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $40.00 in a research note on Monday, September 22nd. Finally, Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.50.

Steven Madden Stock Up 12.6%

The company has a market cap of $2.69 billion, a P/E ratio of 29.11 and a beta of 1.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 2.01. The firm’s 50-day simple moving average is $32.84 and its 200 day simple moving average is $27.61.

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

Institutional Investors Weigh In On Steven Madden

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Steven Madden in the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its holdings in Steven Madden by 86.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 485 shares during the period. Parkside Financial Bank & Trust raised its holdings in Steven Madden by 616.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,136 shares of the textile maker’s stock valued at $72,000 after acquiring an additional 1,838 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Steven Madden by 328.8% during the 1st 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. Finally, CWM LLC boosted its position in shares of Steven Madden by 231.0% during the 1st 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. 99.88% of the stock is owned by institutional investors.

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.