Steven Madden (NASDAQ:SHOO) Rating Lowered to Hold at Zacks Research

Steven Madden (NASDAQ:SHOO) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

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

Steven Madden Price Performance

Steven Madden stock opened at $49.07 on Tuesday. The business’s 50-day simple moving average is $43.47 and its 200 day simple moving average is $39.98. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 24.66 and a beta of 1.14. Steven Madden has a 12-month low of $24.50 and a 12-month high of $49.32.

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

Insider Activity at Steven Madden

In other news, Director Arian Simone Reed sold 1,250 shares of the stock in a transaction on 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 owned 8,196 shares of the company’s stock, valued at $399,636.96. This 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 this hyperlink. Also, insider Christina Ciglar sold 5,147 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total transaction of $230,276.78. Following the sale, the insider owned 35,200 shares in the company, valued at approximately $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,356 shares of company stock worth $717,204 over the last ninety days. 2.21% of the stock is owned by corporate insiders.

Institutional Trading of Steven Madden

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in shares of Steven Madden during the first quarter worth about $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Steven Madden by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock valued at $1,143,000 after acquiring an additional 1,437 shares in the last quarter. Millennium Management LLC lifted its stake in Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after acquiring an additional 568,477 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Steven Madden by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after acquiring an additional 10,603 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Steven Madden by 273.1% during the 1st quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock worth $4,196,000 after acquiring an additional 115,284 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Steven Madden News Summary

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

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.