BTIG Research Reiterates Buy Rating for Steven Madden (NASDAQ:SHOO)

Steven Madden (NASDAQ:SHOO)‘s stock had its “buy” rating reissued by BTIG Research in a research note issued on Thursday,Benzinga reports. They presently have a $50.00 price objective on the textile maker’s stock. BTIG Research’s target price indicates a potential upside of 38.50% from the stock’s current price.

Several other research analysts also recently issued reports on SHOO. Wall Street Zen upgraded shares of Steven Madden from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $50.00 target price on shares of Steven Madden in a research report on Thursday. Piper Sandler increased their price target on shares of Steven Madden from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Steven Madden in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group lowered Steven Madden from a “hold” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.43.

Steven Madden Stock Down 2.1%

Shares of SHOO opened at $36.10 on Thursday. The company has a market capitalization of $2.62 billion, a P/E ratio of 58.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.08. Steven Madden has a one year low of $19.05 and a one year high of $46.88. The business’s 50 day simple moving average is $41.81 and its 200-day simple moving average is $37.40.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings data on Wednesday, February 25th. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $753.70 million during the quarter, compared to the consensus estimate of $758.53 million. Steven Madden had a return on equity of 13.60% and a net margin of 1.76%.The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, sell-side analysts predict that Steven Madden will post 2.66 EPS 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 stock. Scopus Asset Management L.P. bought a new stake in Steven Madden in the third quarter valued at about $36,451,000. Boston Partners bought a new stake in shares of Steven Madden in the 3rd quarter valued at about $33,319,000. Invesco Ltd. raised its position in shares of Steven Madden by 50.5% in the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock valued at $58,198,000 after acquiring an additional 814,318 shares during the period. Neumeier Poma Investment Counsel LLC boosted its stake in Steven Madden by 155.9% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 955,010 shares of the textile maker’s stock worth $31,974,000 after acquiring an additional 581,745 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Steven Madden by 1,170.4% during the first quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock valued at $16,438,000 after purchasing an additional 568,477 shares during the period. 99.88% of the stock is currently owned by institutional investors.

Key Steven Madden News

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

• Positive Sentiment: Analyst re-affirmations: BTIG kept a “buy” and Telsey Advisory Group kept an “outperform,” each with a $50 price target (roughly ~38% upside vs current levels), giving fundamental support to the stock. Read More.
• Positive Sentiment: Short interest fell sharply in February (down ~24% to ~3.38M shares, ~4.8% of float), reducing immediate short-selling pressure and potential downside from short-covering dynamics.
• Neutral Sentiment: Q4 results were mixed: EPS beat estimates ($0.48 vs. $0.46) and revenue grew ~29.6% year-over-year, but top-line slightly missed consensus ($753.7M vs. ~$758.5M). The transcript notes the company’s plans to refocus on organic growth and continued aggressive pricing strategies — strategic positives but execution still in progress. Read More.
• Neutral Sentiment: Needham set a new $41 price target — modestly above current levels — signaling some near-term upside is still seen by certain sell-side analysts. Read More.
• Neutral Sentiment: Coverage pieces discuss management’s stated objective to return to organic growth and maintain aggressive pricing; these are strategic themes that could boost margins if demand holds, but they create execution risk in a soft consumer environment. Read More.
• Negative Sentiment: Analyst downgrade and gap down: at least one downgrade was reported that triggered an intra-session gap and additional selling pressure. Read More.
• Negative Sentiment: Management withheld FY26 profit guidance, citing lingering tariff risks — this increased uncertainty about next-year earnings and was a key catalyst for the downward move. Read More.
• Neutral Sentiment: Market write-ups summarizing the day’s selloff note the combination of the withheld guidance + downgrade as the main reasons SHOO traded lower. Read More.

About Steven Madden

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.