Steven Madden (NASDAQ:SHOO) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Steven Madden (NASDAQ:SHOO) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group cut Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research report on Thursday. Wall Street Zen raised shares of Steven Madden from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. UBS Group restated a “neutral” rating and set a $43.00 target price on shares of Steven Madden in a research report on Tuesday, December 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $50.00 price target on shares of Steven Madden in a research note on Thursday. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of Steven Madden in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.63.

Steven Madden Price Performance

Shares of NASDAQ:SHOO opened at $35.71 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of $43.41 and a 200 day simple moving average of $36.10. Steven Madden has a fifty-two week low of $19.05 and a fifty-two week high of $46.88. The company has a market cap of $2.59 billion, a PE ratio of 45.20 and a beta of 1.11.

Steven Madden (NASDAQ:SHOO) last posted its earnings results on Wednesday, November 5th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Steven Madden had a net margin of 2.38% and a return on equity of 14.28%. The company had revenue of $667.88 million during the quarter, compared to the consensus estimate of $697.89 million. During the same quarter in the previous year, the business posted $0.91 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Steven Madden will post 2.66 EPS for the current year.

Hedge Funds Weigh In On Steven Madden

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in Steven Madden during the 1st quarter worth approximately $752,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Steven Madden by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,919 shares of the textile maker’s stock worth $1,143,000 after buying an additional 1,437 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after acquiring an additional 568,477 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Steven Madden by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,270 shares of the textile maker’s stock worth $5,388,000 after buying an additional 10,603 shares during the period. Finally, Jane Street Group LLC lifted its position in Steven Madden by 273.1% in the first quarter. Jane Street Group LLC now owns 157,492 shares of the textile maker’s stock valued at $4,196,000 after purchasing an additional 115,284 shares during the last quarter. 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: Multiple firms reaffirmed buy/outperform ratings and high price targets, supporting upside expectations — BTIG and Telsey each kept a $50 price target (~40% above current levels), and Needham issued a buy rating, all signaling continued analyst conviction in growth and margin recovery. Analyst Reaffirmations
• Positive Sentiment: Aggregated analyst data shows a consensus “Moderate Buy,” which can provide a baseline of support for the stock as investors weigh divergent views. Consensus Recommendation
• Neutral Sentiment: Wide analyst target dispersion (roughly $30 to $50) increases short-term volatility — bullish firms cite upside from pricing and brand strength, while bearish views focus on wholesale execution. This split means news flow and guidance will likely move the stock materially. Analyst Coverage Note
• Negative Sentiment: Jefferies downgraded SHOO from Hold to Underperform and cut its target to $30, pointing to near-term wholesale headwinds; that downgrade triggered heavy selling pressure and headlines about a sell-off. Jefferies Downgrade
• Negative Sentiment: Coverage in news outlets reports that large retail customers are reportedly rejecting price increases, which could pressure margins and wholesale revenue if retailers resist passing through higher costs. Those reports explain the sharp intraday weakness cited in market headlines. Wholesale Headwinds Coverage

Steven Madden Company Profile

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.