Telsey Advisory Group Reaffirms Market Perform Rating for Steven Madden (NASDAQ:SHOO)

Steven Madden (NASDAQ:SHOO - Get Free Report)'s stock had its "market perform" rating reiterated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $24.00 price target on the textile maker's stock. Telsey Advisory Group's price target would suggest a potential upside of 4.44% from the stock's previous close. Telsey Advisory Group also issued estimates for Steven Madden's Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at $1.74 EPS.

Several other equities analysts have also issued reports on the company. Piper Sandler lowered their price target on Steven Madden from $35.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. UBS Group dropped their price objective on Steven Madden from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research note on Friday, May 2nd. Loop Capital reduced their price target on shares of Steven Madden from $40.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Steven Madden in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $32.00.

Steven Madden Stock Performance

Shares of NASDAQ SHOO traded down $0.87 during mid-day trading on Thursday, hitting $22.98. 2,093,110 shares of the stock traded hands, compared to its average volume of 979,683. The stock has a fifty day moving average price of $23.61 and a 200-day moving average price of $35.46. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 9.78 and a beta of 1.04. Steven Madden has a 52 week low of $19.05 and a 52 week high of $50.01.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.46 by $0.14. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. The business had revenue of $551.38 million for the quarter, compared to analyst estimates of $557.81 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Steven Madden's quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that Steven Madden will post 2.66 EPS for the current fiscal year.

Institutional Trading of Steven Madden

Hedge funds and other institutional investors have recently modified their holdings of the company. CX Institutional purchased a new stake in Steven Madden in the 1st quarter worth $32,000. R Squared Ltd purchased a new stake in shares of Steven Madden during the fourth quarter worth about $55,000. Quarry LP raised its stake in Steven Madden by 403.6% during the 4th quarter. Quarry LP now owns 1,385 shares of the textile maker's stock valued at $59,000 after purchasing an additional 1,110 shares during the period. Blue Trust Inc. lifted its holdings in Steven Madden by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,958 shares of the textile maker's stock worth $83,000 after purchasing an additional 339 shares in the last quarter. Finally, CWM LLC boosted its stake in Steven Madden by 231.0% in the 1st quarter. CWM LLC now owns 2,277 shares of the textile maker's stock worth $61,000 after purchasing an additional 1,589 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

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.