Needham & Company LLC Cuts Steven Madden (NASDAQ:SHOO) Price Target to $41.00

Steven Madden (NASDAQ:SHOO) had its target price lowered by Needham & Company LLC from $50.00 to $41.00 in a report released on Wednesday morning, MarketBeat Ratings reports. Needham & Company LLC currently has a buy rating on the textile maker’s stock.

A number of other equities analysts also recently weighed in on SHOO. Zacks Research downgraded shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Thursday, January 22nd. Jefferies Financial Group downgraded shares of Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Thursday, February 5th. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, BTIG Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Steven Madden in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Steven Madden has an average rating of “Hold” and a consensus target price of $43.43.

Steven Madden Stock Performance

SHOO stock opened at $36.10 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.62 billion, a PE ratio of 58.23 and a beta of 1.11. The business has a 50 day moving average of $41.81 and a 200-day moving average of $37.40. Steven Madden has a 12-month low of $19.05 and a 12-month high of $46.88.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, February 25th. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Steven Madden had a return on equity of 13.60% and a net margin of 1.76%.The business had revenue of $753.70 million for the quarter, compared to analyst estimates of $758.53 million. During the same period last year, the company posted $0.55 earnings per share. Steven Madden’s quarterly revenue was up 29.6% compared to the same quarter last year. As a group, sell-side analysts expect that Steven Madden will post 2.66 earnings per share for the current year.

Steven Madden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, March 11th. Steven Madden’s dividend payout ratio is presently 135.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Steven Madden by 86.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock worth $25,000 after acquiring an additional 485 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Steven Madden in the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Steven Madden during the 3rd quarter valued at $31,000. Global Retirement Partners LLC lifted its holdings in Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after purchasing an additional 745 shares in the last quarter. Finally, First Horizon Corp boosted its stake in Steven Madden by 55.1% in the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after purchasing an additional 317 shares during the period. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Steven Madden News

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

• Positive Sentiment: Analyst re-affirmations: BTIG kept a “buy” and Telsey Advisory Group kept an “outperform,” each with a $50 price target (roughly ~38% upside vs current levels), giving fundamental support to the stock. Read More.
• Positive Sentiment: Short interest fell sharply in February (down ~24% to ~3.38M shares, ~4.8% of float), reducing immediate short-selling pressure and potential downside from short-covering dynamics.
• Neutral Sentiment: Q4 results were mixed: EPS beat estimates ($0.48 vs. $0.46) and revenue grew ~29.6% year-over-year, but top-line slightly missed consensus ($753.7M vs. ~$758.5M). The transcript notes the company’s plans to refocus on organic growth and continued aggressive pricing strategies — strategic positives but execution still in progress. Read More.
• Neutral Sentiment: Needham set a new $41 price target — modestly above current levels — signaling some near-term upside is still seen by certain sell-side analysts. Read More.
• Neutral Sentiment: Coverage pieces discuss management’s stated objective to return to organic growth and maintain aggressive pricing; these are strategic themes that could boost margins if demand holds, but they create execution risk in a soft consumer environment. Read More.
• Negative Sentiment: Analyst downgrade and gap down: at least one downgrade was reported that triggered an intra-session gap and additional selling pressure. Read More.
• Negative Sentiment: Management withheld FY26 profit guidance, citing lingering tariff risks — this increased uncertainty about next-year earnings and was a key catalyst for the downward move. Read More.
• Neutral Sentiment: Market write-ups summarizing the day’s selloff note the combination of the withheld guidance + downgrade as the main reasons SHOO traded lower. Read More.

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.