Steven Madden (NASDAQ:SHOO) Stock Price Expected to Rise, Piper Sandler Analyst Says

Steven Madden (NASDAQ:SHOO) had its price objective upped by analysts at Piper Sandler from $40.00 to $50.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Piper Sandler’s target price points to a potential upside of 34.16% from the company’s current price.

Several other analysts also recently weighed in on SHOO. Needham & Company LLC restated a “hold” rating on shares of Steven Madden in a research note on Wednesday, July 30th. BTIG Research lifted their target price on shares of Steven Madden from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday. Telsey Advisory Group set a $45.00 price objective on shares of Steven Madden in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Steven Madden presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Steven Madden Price Performance

Shares of SHOO traded down $0.05 during midday trading on Thursday, reaching $37.27. The stock had a trading volume of 466,064 shares, compared to its average volume of 1,546,885. Steven Madden has a 52 week low of $19.05 and a 52 week high of $46.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.01 and a quick ratio of 1.13. The firm’s 50 day moving average price is $33.00 and its 200-day moving average price is $27.67. The company has a market capitalization of $2.71 billion, a P/E ratio of 29.31 and a beta of 1.31.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Steven Madden had a net margin of 3.92% and a return on equity of 18.32%. The business had revenue of $667.88 million for the quarter, compared to analyst estimates of $697.89 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Steven Madden has set its Q4 2025 guidance at 0.410-0.460 EPS. On average, analysts forecast that Steven Madden will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of Steven Madden by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 391,937 shares of the textile maker’s stock valued at $10,441,000 after purchasing an additional 10,741 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Steven Madden in the 1st quarter worth about $303,000. American Century Companies Inc. increased its position in shares of Steven Madden by 74.0% during the first quarter. American Century Companies Inc. now owns 130,079 shares of the textile maker’s stock worth $3,465,000 after acquiring an additional 55,300 shares during the period. State of Alaska Department of Revenue increased its position in shares of Steven Madden by 8.1% during the second quarter. State of Alaska Department of Revenue now owns 43,248 shares of the textile maker’s stock worth $1,036,000 after acquiring an additional 3,247 shares during the period. Finally, Three Seasons Wealth LLC purchased a new position in shares of Steven Madden during the second quarter worth approximately $475,000. 99.88% of the stock is currently owned by institutional investors.

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.