Steven Madden (NASDAQ:SHOO) Earns “Market Perform” Rating from Telsey Advisory Group

Steven Madden (NASDAQ:SHOO)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $44.00 target price on the textile maker’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 11.03% from the stock’s previous close. Telsey Advisory Group also issued estimates for Steven Madden’s Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.89 EPS.

A number of other research analysts have also weighed in on SHOO. Citigroup dropped their price target on shares of Steven Madden from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Piper Sandler lowered their price objective on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research note on Thursday. Finally, StockNews.com lowered shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.33.

Steven Madden Trading Down 0.1 %

NASDAQ:SHOO opened at $39.63 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.86 and a beta of 1.07. The firm has a fifty day simple moving average of $41.29 and a two-hundred day simple moving average of $43.89. Steven Madden has a 12 month low of $36.40 and a 12 month high of $50.01.

Institutional Trading of Steven Madden

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in shares of Steven Madden during the 4th quarter valued at about $72,795,000. First Trust Advisors LP boosted its holdings in shares of 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 worth $85,135,000 after buying an additional 539,738 shares during the last quarter. FMR LLC boosted its holdings in shares of Steven Madden by 8,180.4% in the third quarter. FMR LLC now owns 535,081 shares of the textile maker’s stock worth $26,214,000 after buying an additional 528,619 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Steven Madden in the fourth quarter worth approximately $13,652,000. Finally, Weiss Asset Management LP purchased a new position in shares of Steven Madden in the third quarter worth approximately $12,558,000. 99.88% of the stock is currently owned by institutional investors.

Steven Madden Company Profile

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.