Steven Madden (NASDAQ:SHOO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Steven Madden (NASDAQ:SHOO) had its target price lifted by Piper Sandler from $40.00 to $50.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. Piper Sandler’s price objective would suggest a potential upside of 30.86% from the company’s current price.

SHOO has been the topic of a number of other reports. Citigroup restated a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research report on Wednesday, July 30th. UBS Group increased their price target on shares of Steven Madden from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, July 28th. BTIG Research boosted their price objective on shares of Steven Madden from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $38.21 on Thursday. Steven Madden has a 52 week low of $19.05 and a 52 week high of $46.76. The company has a 50-day moving average price of $33.36 and a 200 day moving average price of $27.88. The company has a market cap of $2.78 billion, a P/E ratio of 30.09 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 (NASDAQ:SHOO) last announced its quarterly earnings data 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 net margin of 3.92% and a return on equity of 18.32%. The business had revenue of $667.88 million during the quarter, compared to analysts’ expectations of $697.89 million. During the same period in the prior year, the firm posted $0.91 EPS. Steven Madden’s revenue for the quarter was up 6.9% compared to the same quarter last year. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. Research analysts predict that Steven Madden will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On Steven Madden

Large investors have recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Steven Madden in the first quarter worth $23,334,000. Invesco Ltd. boosted its position in shares of Steven Madden by 50.5% in the second quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after acquiring an additional 814,318 shares during the last quarter. Millennium Management LLC grew its stake in shares of Steven Madden by 1,170.4% during the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after buying an additional 568,477 shares during the period. Federated Hermes Inc. grew its position in Steven Madden by 270,516.2% during the first quarter. Federated Hermes Inc. now owns 533,114 shares of the textile maker’s stock valued at $14,202,000 after acquiring an additional 532,917 shares during the period. Finally, Nixon Capital LLC increased its position in Steven Madden by 303.5% during the 2nd quarter. Nixon Capital LLC now owns 708,466 shares of the textile maker’s stock worth $16,989,000 after purchasing an additional 532,870 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

About Steven Madden

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.