Needham & Company LLC Issues Pessimistic Forecast for Steven Madden (NASDAQ:SHOO) Stock Price

Steven Madden (NASDAQ:SHOO) had its target price decreased by research analysts at Needham & Company LLC from $52.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s target price points to a potential upside of 15.41% from the company’s current price.

Several other equities analysts have also issued reports on the company. Weiss Ratings lowered Steven Madden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Telsey Advisory Group upped their price objective on Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Capital One Financial set a $60.00 price objective on Steven Madden in a research note on Tuesday, September 8th. Citigroup reiterated a “buy” rating and issued a $55.00 target price (up from $45.00) on shares of Steven Madden in a research report on Friday, July 31st. Finally, BMO Capital Markets initiated coverage on Steven Madden in a research report on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.60.

Steven Madden Price Performance

Shares of Steven Madden stock traded down $7.99 on Thursday, reaching $38.99. 5,202,785 shares of the stock were exchanged, compared to its average volume of 1,222,050. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. The firm has a market cap of $2.85 billion, a PE ratio of 19.59 and a beta of 1.14. The firm’s 50 day moving average is $43.92 and its 200-day moving average is $41.44. Steven Madden has a one year low of $31.33 and a one year high of $49.70.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings data on Thursday, November 5th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The business had revenue of $772.61 million for the quarter, compared to analysts’ expectations of $774.35 million. During the same period last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, analysts anticipate that Steven Madden will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Steven Madden by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock worth $79,819,000 after purchasing an additional 99,066 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in shares of Steven Madden in the second quarter valued at approximately $49,890,563. Vise Technologies Inc. acquired a new position in shares of Steven Madden in the third quarter valued at approximately $29,302,000. Fort Washington Investment Advisors Inc. OH raised its holdings in Steven Madden by 13.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock valued at $28,903,000 after buying an additional 77,108 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Steven Madden in the 2nd quarter valued at approximately $25,618,000. 99.88% of the stock is currently owned by institutional investors.

Key Steven Madden News

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

• Positive Sentiment: Third-quarter adjusted earnings were $0.79 per share, above the $0.73 consensus estimate and up from $0.43 a year earlier. Steven Madden also raised its fiscal 2026 adjusted EPS outlook. Steven Madden Raises 2026 Adjusted Profit Outlook After Q3 Earnings Beat, Sales Miss
• Positive Sentiment: Revenue grew about 15% year over year to $772.6 million, and the company declared a dividend. Steven Madden Reports Strong Third-Quarter Results, Declares Dividend
• Negative Sentiment: Revenue came in slightly below analysts’ estimate of $774.35 million. The sales miss may help explain the negative share reaction, even as earnings beat expectations and guidance improved. Steven Madden Q3 earnings report

Steven Madden Company Profile

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.