Zacks Research Upgrades Steven Madden (NASDAQ:SHOO) to Strong-Buy

Steven Madden (NASDAQ:SHOO) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Citigroup reaffirmed a “buy” rating and set a $41.00 target price (up previously from $32.00) on shares of Steven Madden in a report on Friday, October 17th. Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. UBS Group lifted their price objective on Steven Madden from $26.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday. Piper Sandler increased their target price on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Telsey Advisory Group set a $45.00 price target on Steven Madden and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Steven Madden presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $38.21 on Thursday. The company has a market capitalization of $2.78 billion, a P/E ratio of 30.09 and a beta of 1.31. Steven Madden has a fifty-two week low of $19.05 and a fifty-two week high of $46.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 2.01. The company’s 50-day moving average is $33.36 and its 200 day moving average is $27.88.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a return on equity of 18.32% and a net margin of 3.92%.The company had revenue of $667.88 million for the quarter, compared to analysts’ expectations of $697.89 million. During the same period last year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, equities research analysts forecast that Steven Madden will post 2.66 earnings per share for the current year.

Hedge Funds Weigh In On Steven Madden

Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Steven Madden by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 391,937 shares of the textile maker’s stock worth $10,441,000 after buying an additional 10,741 shares during the period. Alps Advisors Inc. increased its holdings in shares of Steven Madden by 1.5% during the first quarter. Alps Advisors Inc. now owns 135,654 shares of the textile maker’s stock valued at $3,614,000 after acquiring an additional 1,994 shares in the last quarter. CWM LLC increased its position in shares of Steven Madden by 231.0% in the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 1,589 shares during the period. MQS Management LLC purchased a new stake in Steven Madden in the first quarter valued at approximately $291,000. Finally, Edgestream Partners L.P. raised its holdings in shares of Steven Madden by 45.8% during the first quarter. Edgestream Partners L.P. now owns 266,658 shares of the textile maker’s stock worth $7,104,000 after purchasing an additional 83,821 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

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.