Steven Madden (NASDAQ:SHOO) Stock Rating Lowered by Zacks Research

Steven Madden (NASDAQ:SHOO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research note on Thursday. Citigroup restated a “buy” rating and issued a $41.00 price objective (up from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research report on Thursday, January 22nd. BTIG Research reissued a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a research report on Thursday. Finally, Jefferies Financial Group cut Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Steven Madden has a consensus rating of “Hold” and an average target price of $43.63.

Steven Madden Price Performance

NASDAQ:SHOO opened at $35.71 on Thursday. Steven Madden has a 52 week low of $19.05 and a 52 week high of $46.88. The stock’s fifty day moving average is $43.41 and its two-hundred day moving average is $36.10. The company has a market capitalization of $2.59 billion, a P/E ratio of 45.20 and a beta of 1.11. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. Equities analysts expect that Steven Madden will post 2.66 EPS for the current year.

Hedge Funds Weigh In On Steven Madden

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHOO. CX Institutional increased its position in shares of Steven Madden by 912.7% during the third quarter. CX Institutional now owns 324,218 shares of the textile maker’s stock worth $10,855,000 after acquiring an additional 292,204 shares during the period. Creative Planning boosted its holdings in Steven Madden by 463.4% in the second quarter. Creative Planning now owns 89,156 shares of the textile maker’s stock valued at $2,138,000 after purchasing an additional 73,331 shares during the period. Strs Ohio grew its stake in Steven Madden by 993.2% during the 3rd quarter. Strs Ohio now owns 129,000 shares of the textile maker’s stock worth $4,319,000 after purchasing an additional 117,200 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Steven Madden by 15.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,679,538 shares of the textile maker’s stock worth $42,324,000 after purchasing an additional 224,157 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Steven Madden by 7.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,647 shares of the textile maker’s stock worth $447,000 after purchasing an additional 1,371 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden News Roundup

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

• Positive Sentiment: Multiple firms reaffirmed buy/outperform ratings and high price targets, supporting upside expectations — BTIG and Telsey each kept a $50 price target (~40% above current levels), and Needham issued a buy rating, all signaling continued analyst conviction in growth and margin recovery. Analyst Reaffirmations
• Positive Sentiment: Aggregated analyst data shows a consensus “Moderate Buy,” which can provide a baseline of support for the stock as investors weigh divergent views. Consensus Recommendation
• Neutral Sentiment: Wide analyst target dispersion (roughly $30 to $50) increases short-term volatility — bullish firms cite upside from pricing and brand strength, while bearish views focus on wholesale execution. This split means news flow and guidance will likely move the stock materially. Analyst Coverage Note
• Negative Sentiment: Jefferies downgraded SHOO from Hold to Underperform and cut its target to $30, pointing to near-term wholesale headwinds; that downgrade triggered heavy selling pressure and headlines about a sell-off. Jefferies Downgrade
• Negative Sentiment: Coverage in news outlets reports that large retail customers are reportedly rejecting price increases, which could pressure margins and wholesale revenue if retailers resist passing through higher costs. Those reports explain the sharp intraday weakness cited in market headlines. Wholesale Headwinds Coverage

About Steven Madden

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.