Needham & Company LLC Issues Pessimistic Forecast for Steven Madden (NASDAQ:SHOO) Stock Price

Steven Madden (NASDAQ:SHOO) had its price target dropped by Needham & Company LLC from $52.00 to $45.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s price target would indicate a potential upside of 15.41% from the stock’s previous close.

SHOO has been the subject of several other research reports. BMO Capital Markets started coverage on Steven Madden in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $60.00 price target for the company. Wall Street Zen raised Steven Madden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. UBS Group reiterated a “neutral” rating and issued a $45.00 target price (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. Telsey Advisory Group increased their target price on shares of Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and set a $55.00 target price on shares of Steven Madden in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.60.

Steven Madden Trading Down 17.0%

Shares of Steven Madden stock traded down $7.99 during trading on Thursday, hitting $38.99. The company’s stock had a trading volume of 5,202,785 shares, compared to its average volume of 1,222,050. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 19.59 and a beta of 1.14. Steven Madden has a 52 week low of $31.33 and a 52 week high of $49.70. The stock has a 50-day moving average price of $43.92 and a two-hundred day moving average price of $41.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13.

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

Institutional Investors Weigh In On Steven Madden

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Steven Madden by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,353,331 shares of the textile maker’s stock worth $79,819,000 after purchasing an additional 99,066 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Steven Madden during the 2nd quarter worth approximately $49,890,563. Vise Technologies Inc. acquired a new stake in shares of Steven Madden during the 3rd quarter worth approximately $29,302,000. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Steven Madden by 13.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 645,578 shares of the textile maker’s stock valued at $28,903,000 after acquiring an additional 77,108 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Steven Madden in the 2nd quarter valued at $25,618,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

Key Stories Impacting Steven Madden

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

• Positive Sentiment: Third-quarter adjusted earnings were $0.79 per share, above the $0.73 consensus estimate and up from $0.43 a year earlier. Steven Madden also raised its fiscal 2026 adjusted EPS outlook. Steven Madden Raises 2026 Adjusted Profit Outlook After Q3 Earnings Beat, Sales Miss
• Positive Sentiment: Revenue grew about 15% year over year to $772.6 million, and the company declared a dividend. Steven Madden Reports Strong Third-Quarter Results, Declares Dividend
• Negative Sentiment: Revenue came in slightly below analysts’ estimate of $774.35 million. The sales miss may help explain the negative share reaction, even as earnings beat expectations and guidance improved. Steven Madden Q3 earnings report

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.