Steven Madden (NASDAQ:SHOO) Posts Earnings Results

Steven Madden (NASDAQ:SHOO) posted its earnings results on Wednesday. The textile maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02, FiscalAI reports. Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The firm had revenue of $753.70 million for the quarter, compared to the consensus estimate of $758.53 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s quarterly revenue was up 29.6% on a year-over-year basis.

Here are the key takeaways from Steven Madden’s conference call:

• Brand momentum and Kurt Geiger acquisition: Steve Madden returned to growth with stronger AURs and marketing traction (online searches +10% YoY in Q4), Kurt Geiger delivered pro forma +11% revenue in 2025 and is expected to grow similarly in 2026, and Dolce Vita is forecasted for high single-digit growth — all positioning branded businesses to drive growth.
• Private label severely impacted by tariffs: Private label revenue fell ~15% in 2025 and the company expects nearly a 20% decline in 2026 (potentially ~$70M less), driven by price sensitivity in mass channels where the company lacks brand pricing leverage.
• Top-line guidance but no EPS guidance: Management gave 2026 revenue guidance of +9%–11% (Q1 +15%–17%) but withheld earnings guidance because of ongoing tariff policy uncertainty, creating mixed visibility for investors.
• Margin and expense pressures: Although consolidated gross margin improved in Q4 to 43.8%, net income declined year-over-year and the company flagged higher SG&A (normalizing incentive pay, restored salaries), plus warehouse/fulfillment and integration costs that will pressure operating margins.

Steven Madden Trading Down 5.8%

NASDAQ:SHOO traded down $2.16 during midday trading on Wednesday, hitting $35.20. The stock had a trading volume of 1,443,091 shares, compared to its average volume of 1,547,245. The stock has a 50-day moving average of $42.21 and a 200 day moving average of $37.33. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. Steven Madden has a one year low of $19.05 and a one year high of $46.88. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 44.55 and a beta of 1.11.

Institutional Investors Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Steven Madden by 15.2% during the fourth quarter. Invesco Ltd. now owns 2,784,943 shares of the textile maker’s stock worth $115,965,000 after purchasing an additional 367,459 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Steven Madden during the 4th quarter worth about $214,000. Summit Global Investments acquired a new position in shares of Steven Madden during the 4th quarter worth about $212,000. EP Wealth Advisors LLC purchased a new position in shares of Steven Madden in the 4th quarter valued at about $390,000. Finally, Millennium Management LLC lifted its stake in Steven Madden by 306.7% during the fourth quarter. Millennium Management LLC now owns 235,469 shares of the textile maker’s stock worth $9,805,000 after purchasing an additional 349,401 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Jefferies Financial Group downgraded Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price target for the company. in a research report on Thursday, February 5th. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Needham & Company LLC cut their price objective on shares of Steven Madden from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Steven Madden in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.38.

Key Headlines Impacting Steven Madden

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

• Positive Sentiment: Q4 EPS slightly beat estimates — reported $0.48 vs. consensus $0.46, and revenue grew 29.6% year-over-year. This shows ongoing top-line momentum. Press Release
• Neutral Sentiment: Company gave a FY2026 revenue outlook of roughly $2.7B–$2.8B (in line with consensus), providing some top-line visibility even though EPS guidance was not provided. Guidance Release
• Negative Sentiment: Management withheld a profit/earnings forecast citing tariff uncertainty — investors dislike the increased uncertainty around margins and costs, which pressured the stock. Article: Withholds Profit Forecast
• Negative Sentiment: Revenue missed the Street narrowly ($753.7M vs. $758.5M est.) and EPS is down year-over-year (Q4 EPS $0.48 vs. $0.55 a year ago); net margin is low (~2.4%), highlighting margin pressure despite sales growth. Earnings Snapshot

Steven Madden Company Profile

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.