Steven Madden (NASDAQ:SHOO) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Steven Madden (NASDAQ:SHOO) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on SHOO. Williams Trading set a $56.00 price objective on Steven Madden in a research note on Monday. UBS Group reissued a “neutral” rating and set a $45.00 price target (up from $40.00) on shares of Steven Madden in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Steven Madden from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the company an “overweight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.75.

Steven Madden Stock Performance

SHOO opened at $49.07 on Tuesday. Steven Madden has a twelve month low of $24.50 and a twelve month high of $49.32. The firm has a market capitalization of $3.59 billion, a PE ratio of 24.66 and a beta of 1.14. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $43.47 and its 200 day moving average price is $39.98.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The business had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, sell-side analysts expect that Steven Madden will post 2.14 EPS for the current fiscal year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. Steven Madden’s dividend payout ratio is currently 42.21%.

Insiders Place Their Bets

In other Steven Madden news, Director Arian Simone Reed sold 1,250 shares of Steven Madden stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the sale, the director directly owned 8,196 shares in the company, valued at $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the sale, the director directly owned 26,197 shares in the company, valued at $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 15,356 shares of company stock valued at $717,204 over the last 90 days. Company insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds have recently made changes to their positions in SHOO. EverSource Wealth Advisors LLC raised its position in Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Steven Madden in the fourth quarter valued at $30,000. Global Retirement Partners LLC grew its stake in shares of Steven Madden by 1,064.3% in the fourth quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after buying an additional 745 shares in the last quarter. First Horizon Corp raised its holdings 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 buying an additional 317 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Steven Madden by 79.4% during the 4th quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock worth $41,000 after acquiring an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Key Stories Impacting Steven Madden

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

• Positive Sentiment: Strong second-quarter results continue to support investor sentiment. Steven Madden reported adjusted earnings of $0.44 per share, above the $0.33 consensus estimate, while revenue rose 19.1% year over year to $665.9 million, exceeding expectations. Is SHOO Worth Buying as Growth Accelerates but Valuation Stretches?
• Positive Sentiment: Management raised its 2026 revenue and earnings outlook, citing brand strength, direct-to-consumer growth and margin expansion. The improved outlook is helping offset concerns about freight, tariffs and other rising costs. SHOO Raises 2026 Outlook as Brand Strength Offsets Rising Cost Risks
• Positive Sentiment: The company declared a quarterly dividend of $0.21 per share, equivalent to an annualized payout of $0.84 and a yield of approximately 1.7%.
• Neutral Sentiment: Shares have advanced about 22.5% over the past month and trade at roughly 25 times earnings. Further gains may require continued brand momentum and additional earnings-estimate increases. Can SHOO’s Rally Continue as Growth Gains Steam?
• Negative Sentiment: Zacks Research downgraded SHOO from “strong buy” to “hold,” likely reflecting the stock’s elevated valuation after its recent rally.
• Negative Sentiment: Directors Mitchell S. Klipper, Arian Simone Reed and Al Ferrara sold shares worth approximately $190,000, $61,000 and $189,000, respectively, during August 4–5. The sales reduced their individual holdings by about 11% to 13% and may weigh modestly on sentiment. Steven Madden Director Sells Shares

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.