Steven Madden's (SHOO) Market Perform Rating Reaffirmed at Telsey Advisory Group

Key Points

• Telsey Advisory Group has restated its "market perform" rating on Steven Madden (NASDAQ:SHOO) with a price target of $24.00, indicating a potential downside of 2.23% from the current price.
• After recent analyses, the consensus rating for Steven Madden is a "Hold" with an average target price of $30.50, with Citigroup upgrading the stock to a "Buy" rating and raising its price target to $32.00.
• Steven Madden's stock recently traded down 6.7% to $24.55, with the company reporting quarterly earnings that missed consensus estimates.

Telsey Advisory Group reissued their market perform rating on shares of Steven Madden (NASDAQ:SHOO - Free Report) in a research report released on Wednesday morning, Marketbeat reports. They currently have a $26.00 target price on the textile maker's stock, up from their prior target price of $24.00. Telsey Advisory Group also issued estimates for Steven Madden's Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.20 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.57 EPS and Q4 2026 earnings at $0.33 EPS.

Several other equities research analysts have also commented on SHOO. Citigroup raised shares of Steven Madden from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $32.00 in a report on Thursday, July 17th. UBS Group upped their price target on shares of Steven Madden from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Piper Sandler lowered their price target on shares of Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Steven Madden in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Steven Madden has a consensus rating of "Hold" and a consensus target price of $30.83.

Steven Madden Stock Performance

NASDAQ:SHOO traded down $0.48 during mid-day trading on Wednesday, hitting $23.52. The company's stock had a trading volume of 2,940,411 shares, compared to its average volume of 1,528,850. Steven Madden has a 1 year low of $19.05 and a 1 year high of $50.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.64. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 18.52 and a beta of 1.16. The business's fifty day moving average is $24.99 and its two-hundred day moving average is $27.77.

Steven Madden (NASDAQ:SHOO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The textile maker reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. The business had revenue of $556.09 million during the quarter, compared to analysts' expectations of $575.83 million. During the same period in the previous year, the company posted $0.57 earnings per share. Steven Madden's revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that Steven Madden will post 2.66 EPS for the current fiscal year.

Steven Madden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 12th will be given a $0.21 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Steven Madden's dividend payout ratio is 66.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHOO. HighTower Advisors LLC raised its position in shares of Steven Madden by 11.7% in the fourth quarter. HighTower Advisors LLC now owns 6,439 shares of the textile maker's stock worth $274,000 after acquiring an additional 676 shares during the period. American Century Companies Inc. raised its position in shares of Steven Madden by 53.4% during the 4th quarter. American Century Companies Inc. now owns 74,779 shares of the textile maker's stock worth $3,180,000 after purchasing an additional 26,043 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Steven Madden by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,097,339 shares of the textile maker's stock worth $344,299,000 after purchasing an additional 54,877 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Steven Madden by 26.4% during the 4th quarter. JPMorgan Chase & Co. now owns 584,068 shares of the textile maker's stock worth $24,835,000 after purchasing an additional 121,972 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Steven Madden during the 4th quarter worth about $9,399,000. Institutional investors and hedge funds 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.