Steven Madden's (SHOO) Market Perform Rating Reiterated 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 reiterated their market perform rating on shares of Steven Madden (NASDAQ:SHOO - Free Report) in a research report released on Wednesday, MarketBeat reports. Telsey Advisory Group currently has a $26.00 price target on the textile maker's stock, up from their previous price target 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.

Other analysts have also issued research reports about the company. Citigroup raised Steven Madden from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $32.00 in a report on Thursday, July 17th. Piper Sandler dropped their price target on Steven Madden from $35.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. UBS Group raised their price target on Steven Madden from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Needham & Company LLC restated a "hold" rating on shares of Steven Madden in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $30.83.

Steven Madden Stock Down 0.5%

SHOO stock traded down $0.12 on Wednesday, reaching $23.89. 593,266 shares of the company traded hands, compared to its average volume of 1,551,296. The company has a market cap of $1.74 billion, a P/E ratio of 18.80 and a beta of 1.10. The firm has a fifty day simple moving average of $25.01 and a 200-day simple moving average of $27.99. Steven Madden has a one year low of $19.05 and a one 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.

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

Steven Madden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 12th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 12th. This represents a $0.84 annualized dividend and a yield of 3.5%. Steven Madden's payout ratio is 36.21%.

Hedge Funds Weigh In On Steven Madden

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mariner LLC lifted its position in Steven Madden by 7.2% during the fourth quarter. Mariner LLC now owns 4,740 shares of the textile maker's stock valued at $202,000 after purchasing an additional 319 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Steven Madden by 2.4% in the fourth quarter. Tidal Investments LLC now owns 17,784 shares of the textile maker's stock valued at $756,000 after acquiring an additional 409 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Steven Madden by 5.5% in the fourth quarter. Bank of Montreal Can now owns 10,660 shares of the textile maker's stock valued at $453,000 after acquiring an additional 554 shares in the last quarter. HighTower Advisors LLC lifted 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 valued at $274,000 after acquiring an additional 676 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Steven Madden by 4.6% in the fourth quarter. Vident Advisory LLC now owns 17,267 shares of the textile maker's stock valued at $734,000 after acquiring an additional 756 shares in the last quarter. 99.88% of the stock is currently 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.