Steven Madden (NASDAQ:SHOO) Price Target Lowered to $38.00 at Telsey Advisory Group

Steven Madden (NASDAQ:SHOO) had its price target reduced by equities researchers at Telsey Advisory Group from $44.00 to $38.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price indicates a potential upside of 15.89% from the company’s previous close. Telsey Advisory Group also issued estimates for Steven Madden’s Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.52 EPS and FY2026 earnings at $2.65 EPS.

Several other equities research analysts also recently commented on SHOO. Jefferies Financial Group reaffirmed a “hold” rating on shares of Steven Madden in a report on Monday, February 3rd. Piper Sandler dropped their price objective on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Citigroup dropped their price objective on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Steven Madden in a report on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Steven Madden presently has an average rating of “Hold” and an average price target of $40.33.

Steven Madden Stock Performance

Shares of NASDAQ:SHOO opened at $32.79 on Thursday. The company’s 50-day moving average is $40.07 and its 200 day moving average is $43.49. The company has a market capitalization of $2.37 billion, a P/E ratio of 13.95 and a beta of 1.07. Steven Madden has a fifty-two week low of $32.31 and a fifty-two week high of $50.01.

Steven Madden (NASDAQ:SHOO) last issued its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $582.32 million for the quarter, compared to the consensus estimate of $550.37 million. Steven Madden had a net margin of 7.68% and a return on equity of 23.41%. As a group, research analysts predict that Steven Madden will post 2.66 earnings per share for the current year.

Institutional Investors Weigh In On Steven Madden

Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in Steven Madden in the fourth quarter valued at approximately $72,795,000. First Trust Advisors LP raised its stake in Steven Madden by 36.9% in the fourth quarter. First Trust Advisors LP now owns 2,002,228 shares of the textile maker’s stock valued at $85,135,000 after purchasing an additional 539,738 shares in the last quarter. FMR LLC raised its stake in Steven Madden by 8,180.4% in the third quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock valued at $26,214,000 after purchasing an additional 528,619 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Steven Madden in the fourth quarter valued at approximately $13,652,000. Finally, Weiss Asset Management LP purchased a new stake in Steven Madden in the third quarter valued at approximately $12,558,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

About Steven Madden

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.