Steven Madden (NASDAQ:SHOO) Shares Down 16.5% Following Analyst Downgrade

Steven Madden, Ltd. (NASDAQ:SHOO)’s stock price traded down 16.5% during trading on Thursday after Needham & Company LLC lowered their price target on the stock from $52.00 to $45.00. Needham & Company LLC currently has a buy rating on the stock. Steven Madden traded as low as $39.11 and last traded at $39.2230. 380,342 shares traded hands during trading, a decline of 68% from the average session volume of 1,198,749 shares. The stock had previously closed at $46.98.

SHOO has been the topic of several other reports. BMO Capital Markets started coverage on Steven Madden in a research report on Tuesday, September 8th. They set an “outperform” rating and a $60.00 price target on the stock. BTIG Research reiterated a “buy” rating and set a $55.00 target price on shares of Steven Madden in a research note on Tuesday, October 27th. Capital One Financial set a $60.00 price target on shares of Steven Madden in a report on Tuesday, September 8th. Telsey Advisory Group boosted their price target on Steven Madden from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.20.

Steven Madden News Roundup

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

• Positive Sentiment: Q3 profit beat and outlook raised: Steven Madden reported earnings of $0.79 per share, above analyst expectations. Revenue rose about 15% year over year, while wholesale sales increased 19.4% and margins improved. Management raised its 2026 sales and adjusted EPS outlook, giving investors reasons for optimism despite the slight revenue miss. SHOO Q3 Earnings Beat on Wholesale Strength, 2026 Outlook Raised
• Positive Sentiment: Bullish analyst view: BTIG reiterated its Buy rating and $55 price target, citing the strong quarter and raised outlook. BTIG Buy rating and price target
• Neutral Sentiment: Dividend declared: The company announced a quarterly dividend of $0.21 per share, equivalent to $0.84 annually. Steven Madden reports results and declares dividend
• Negative Sentiment: Revenue narrowly missed estimates: Quarterly revenue of $772.6 million came in slightly below the roughly $774 million consensus, tempering the earnings beat. Steven Madden raises 2026 profit outlook after Q3 earnings beat, sales miss
• Negative Sentiment: Some caution on valuation and risks: Needham lowered its price target to $45 while keeping a Buy rating; Jefferies’ Hold view points to risks that may limit enthusiasm. Jefferies analyst view on Steven Madden

Institutional Trading of Steven Madden

Several large investors have recently added to or reduced their stakes in SHOO. Dimensional Fund Advisors LP raised its position in 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 valued at $79,819,000 after buying an additional 99,066 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new position in Steven Madden during the second quarter valued at approximately $49,890,563. Aberdeen Group plc increased its stake in shares of Steven Madden by 262.4% in the third quarter. Aberdeen Group plc now owns 1,094,798 shares of the textile maker’s stock worth $49,014,000 after acquiring an additional 792,676 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Steven Madden in the third quarter valued at approximately $29,302,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Steven Madden by 13.6% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock worth $28,903,000 after purchasing an additional 77,108 shares during the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.

Steven Madden Stock Performance

The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 16.32 and a beta of 1.14. The firm’s 50 day moving average is $43.69 and its 200-day moving average is $41.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91.

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

Steven Madden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 11th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, December 11th. Steven Madden’s dividend payout ratio (DPR) is currently 42.21%.

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.