Zacks Research Downgrades Steven Madden (NASDAQ:SHOO) to Hold

by · The Cerbat Gem

Steven Madden (NASDAQ:SHOO – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a research report on Friday, July 31st. BTIG Research reiterated a “buy” rating and issued a $50.00 price target on shares of Steven Madden in a research report on Monday, July 27th. Wall Street Zen raised shares of Steven Madden from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Citigroup reaffirmed a “buy” rating and issued a $55.00 target price (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Steven Madden in a research note on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $49.75.

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Steven Madden Stock Performance

NASDAQ SHOO opened at $49.07 on Tuesday. The business has a 50 day moving average price of $43.47 and a 200 day moving average price of $39.98. The company has a market capitalization of $3.59 billion, a P/E ratio of 24.66 and a beta of 1.14. Steven Madden has a 1-year low of $24.50 and a 1-year high of $49.32. 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 – Get Free Report) last posted its earnings results on Thursday, July 30th. The textile maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The company had revenue of $665.87 million for the quarter, compared to the consensus estimate of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.Steven Madden’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Sell-side analysts expect that Steven Madden will post 2.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christina Ciglar sold 5,147 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the completion of the transaction, the insider directly owned 35,200 shares in the company, valued at approximately $1,574,848. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mitchell S. Klipper sold 3,918 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total value of $190,179.72. Following the transaction, the director owned 32,555 shares in the company, valued at $1,580,219.70. This trade represents a 10.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,356 shares of company stock worth $717,204 over the last ninety days. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB lifted its holdings in shares of Steven Madden by 14.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,203 shares of the textile maker’s stock worth $1,061,000 after acquiring an additional 3,200 shares during the period. GAMMA Investing LLC grew its holdings in Steven Madden by 2.6% in the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock valued at $420,000 after purchasing an additional 257 shares during the period. CX Institutional grew its holdings in Steven Madden by 2.0% in the second quarter. CX Institutional now owns 67,571 shares of the textile maker’s stock valued at $2,845,000 after purchasing an additional 1,334 shares during the period. Empowered Funds LLC purchased a new stake in Steven Madden in the first quarter valued at approximately $275,000. Finally, Bank of America Corp DE increased its position in Steven Madden by 4.9% during the first quarter. Bank of America Corp DE now owns 751,627 shares of the textile maker’s stock worth $25,495,000 after purchasing an additional 35,259 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Key Headlines Impacting Steven Madden

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

  • Positive Sentiment: Management raised its 2026 revenue and earnings outlook following second-quarter results. Brand strength, direct-to-consumer growth and margin expansion are helping offset freight, tariff and other cost pressures. SHOO Raises 2026 Outlook as Brand Strength Offsets Rising Cost Risks
  • Positive Sentiment: Recent quarterly results showed strong momentum: earnings per share came in at $0.44 versus a $0.33 consensus estimate, while revenue of $665.9 million exceeded expectations and increased 19.1% year over year. Is SHOO Worth Buying as Growth Accelerates but Valuation Stretches?
  • Positive Sentiment: Analyst sentiment remains favorable, with a “Moderate Buy” consensus and recent price-target increases, including Telsey Advisory Group’s move to $55 from $50. Institutional ownership is also high, with hedge funds and other institutions holding approximately 99.9% of shares.
  • Positive Sentiment: The company declared a quarterly dividend of $0.21 per share, equivalent to an annualized $0.84 payout and a yield of roughly 1.7%.
  • Neutral Sentiment: SHOO’s one-month rally has lifted its valuation to about 25 times earnings, making continued upside increasingly dependent on sustained brand momentum and higher earnings estimates. Can SHOO’s Rally Continue as Growth Gains Steam?
  • Negative Sentiment: Directors Mitchell S. Klipper, Arian Simone Reed and Al Ferrara sold shares worth approximately $190,000, $61,000 and $189,000, respectively, on August 4–5. These transactions reduced their individual holdings by about 11%–13% and may create a modest negative signal for investors.

About Steven Madden

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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.

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