Needham & Company LLC Has Lowered Expectations for Steven Madden (NASDAQ:SHOO) Stock Price

Steven Madden (NASDAQ:SHOO) had its price target decreased by research analysts at Needham & Company LLC from $52.00 to $45.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s price target would suggest a potential upside of 13.92% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Wall Street Zen raised Steven Madden from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Citigroup restated a “buy” rating and set a $55.00 target price (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. Capital One Financial set a $60.00 price target on shares of Steven Madden in a report on Tuesday, September 8th. Weiss Ratings lowered shares of Steven Madden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Finally, Williams Trading set a $56.00 price objective on shares of Steven Madden in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.20.

Steven Madden Stock Up 1.3%

Steven Madden stock traded up $0.51 during mid-day trading on Thursday, reaching $39.50. The stock had a trading volume of 3,111,064 shares, compared to its average volume of 1,071,092. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 16.32 and a beta of 1.14. The company has a 50-day moving average price of $43.69 and a two-hundred day moving average price of $41.38. Steven Madden has a one year low of $31.33 and a one year high of $49.70. 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 quarterly earnings data on Thursday, November 5th. The textile maker reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $772.61 million for the quarter, compared to the consensus estimate of $774.35 million. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. Steven Madden’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. On average, analysts expect that Steven Madden will post 2.15 EPS for the current fiscal year.

Institutional Trading of Steven Madden

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted 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 valued at $79,819,000 after acquiring an additional 99,066 shares during the period. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Steven Madden during the 2nd quarter valued at about $49,890,563. Aberdeen Group plc grew its stake in shares of Steven Madden by 262.4% during the 3rd quarter. Aberdeen Group plc now owns 1,094,798 shares of the textile maker’s stock valued at $49,014,000 after purchasing an additional 792,676 shares during the period. Bank of America Corp DE grew its stake in shares of Steven Madden by 4.9% during the 1st quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock valued at $25,495,000 after purchasing an additional 35,259 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in shares of Steven Madden during the 3rd quarter valued at about $29,302,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden News Summary

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

• Positive Sentiment: Q3 profit beat and outlook raised: Steven Madden reported earnings of $0.79 per share, above analyst expectations. Revenue rose about 15% year over year, while wholesale sales increased 19.4% and margins improved. Management raised its 2026 sales and adjusted EPS outlook, giving investors reasons for optimism despite the slight revenue miss. SHOO Q3 Earnings Beat on Wholesale Strength, 2026 Outlook Raised
• Positive Sentiment: Bullish analyst view: BTIG reiterated its Buy rating and $55 price target, citing the strong quarter and raised outlook. BTIG Buy rating and price target
• Neutral Sentiment: Dividend declared: The company announced a quarterly dividend of $0.21 per share, equivalent to $0.84 annually. Steven Madden reports results and declares dividend
• Negative Sentiment: Revenue narrowly missed estimates: Quarterly revenue of $772.6 million came in slightly below the roughly $774 million consensus, tempering the earnings beat. Steven Madden raises 2026 profit outlook after Q3 earnings beat, sales miss
• Negative Sentiment: Some caution on valuation and risks: Needham lowered its price target to $45 while keeping a Buy rating; Jefferies’ Hold view points to risks that may limit enthusiasm. Jefferies analyst view on Steven Madden

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.