Needham & Company LLC Forecasts Strong Price Appreciation for Steven Madden (NASDAQ:SHOO) Stock

Steven Madden (NASDAQ:SHOO) had its price objective boosted by investment analysts at Needham & Company LLC from $45.00 to $52.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 13.31% from the stock’s previous close.

SHOO has been the topic of several other research reports. BTIG Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research report on Thursday, June 4th. Williams Trading set a $48.00 target price on Steven Madden in a research report on Tuesday, March 10th. Wall Street Zen raised Steven Madden from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. UBS Group reaffirmed a “neutral” rating and issued a $40.00 target price (up from $38.00) on shares of Steven Madden in a research report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Steven Madden presently has a consensus rating of “Hold” and a consensus price target of $45.13.

Steven Madden Price Performance

NASDAQ:SHOO opened at $45.89 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $39.81 and its two-hundred day moving average price is $39.99. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 43.71 and a beta of 1.15. Steven Madden has a 12-month low of $22.26 and a 12-month high of $46.88.

Steven Madden (NASDAQ:SHOO) last released its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $653.10 million for the quarter, compared to analyst estimates of $646.64 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. On average, analysts anticipate that Steven Madden will post 2.09 earnings per share for the current year.

Insider Buying and Selling at Steven Madden

In other Steven Madden news, insider Christina Ciglar sold 5,147 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the completion of the sale, the insider directly owned 35,200 shares in the company, valued at $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the sale, the director owned 8,057 shares of the company’s stock, valued at $322,038.29. The trade was a 7.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,270 shares of company stock valued at $276,992 over the last 90 days. Corporate insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Steven Madden

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHOO. Public Employees Retirement System of Ohio lifted its stake in shares of Steven Madden by 13.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,324 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 283 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Steven Madden by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,640 shares of the textile maker’s stock valued at $693,000 after acquiring an additional 300 shares during the last quarter. First Horizon Corp lifted its stake in shares of Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 317 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Steven Madden by 2.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 13,738 shares of the textile maker’s stock valued at $572,000 after acquiring an additional 321 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Steven Madden by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 53,404 shares of the textile maker’s stock valued at $1,281,000 after acquiring an additional 378 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Company Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.