Steven Madden (NASDAQ:SHOO) Shares Gap Up – Still a Buy?

Steven Madden, Ltd. (NASDAQ:SHOO) gapped up before the market opened on Wednesday . The stock had previously closed at $32.84, but opened at $35.37. Steven Madden shares last traded at $35.1740, with a volume of 473,699 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHOO. Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday. BTIG Research lifted their price target on shares of Steven Madden from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Citigroup reaffirmed a “buy” rating and issued a $41.00 price target (up from $32.00) on shares of Steven Madden in a research note on Friday, October 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a research note on Wednesday, July 30th. Finally, Piper Sandler raised shares of Steven Madden from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $40.00 in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.50.

Steven Madden Trading Up 12.6%

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.13. The stock has a market capitalization of $2.69 billion, a PE ratio of 29.11 and a beta of 1.31. The stock’s 50 day simple moving average is $32.84 and its two-hundred day simple moving average is $27.61.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. Steven Madden’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, sell-side analysts expect that Steven Madden, Ltd. will post 2.66 EPS for the current year.

Institutional Trading of Steven Madden

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in shares of Steven Madden by 2.8% in the first quarter. Principal Financial Group Inc. now owns 391,937 shares of the textile maker’s stock valued at $10,441,000 after purchasing an additional 10,741 shares during the period. Jefferies Financial Group Inc. bought a new stake in Steven Madden during the 1st quarter worth approximately $303,000. American Century Companies Inc. increased its holdings in Steven Madden by 74.0% during the 1st quarter. American Century Companies Inc. now owns 130,079 shares of the textile maker’s stock worth $3,465,000 after acquiring an additional 55,300 shares during the period. State of Alaska Department of Revenue increased its holdings in Steven Madden by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 43,248 shares of the textile maker’s stock worth $1,036,000 after acquiring an additional 3,247 shares during the period. Finally, Entropy Technologies LP increased its holdings in Steven Madden by 135.0% during the 1st quarter. Entropy Technologies LP now owns 39,593 shares of the textile maker’s stock worth $1,055,000 after acquiring an additional 22,748 shares during the period. Institutional investors own 99.88% of the company’s stock.

About Steven Madden

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands.