Telsey Advisory Group Issues Pessimistic Forecast for Steven Madden (NASDAQ:SHOO) Stock Price

Steven Madden (NASDAQ:SHOO) had its target price reduced by research analysts at Telsey Advisory Group from $44.00 to $38.00 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 15.89% from the company’s current price. 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.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of Steven Madden in a research report on Thursday, February 13th. Citigroup dropped their target price 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. Jefferies Financial Group reiterated a “hold” rating on shares of Steven Madden in a research report on Monday, February 3rd. StockNews.com downgraded shares of Steven Madden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Piper Sandler decreased their price target on shares of Steven Madden from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.33.

Steven Madden Stock Performance

Shares of NASDAQ SHOO opened at $32.79 on Thursday. 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 52-week low of $32.31 and a 52-week high of $50.01. The company’s 50 day moving average price is $40.07 and its 200-day moving average price is $43.49.

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

Institutional Trading of Steven Madden

Several institutional investors have recently made changes to their positions in SHOO. Creative Planning grew its stake in shares of Steven Madden by 25.2% in the 3rd quarter. Creative Planning now owns 13,507 shares of the textile maker’s stock worth $662,000 after acquiring an additional 2,716 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Steven Madden by 94.1% in the 3rd quarter. Blue Trust Inc. now owns 1,619 shares of the textile maker’s stock worth $79,000 after acquiring an additional 785 shares in the last quarter. Raymond James & Associates grew its stake in shares of Steven Madden by 3.6% in the 3rd quarter. Raymond James & Associates now owns 114,484 shares of the textile maker’s stock worth $5,609,000 after acquiring an additional 3,962 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Steven Madden by 4,800.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,911 shares of the textile maker’s stock worth $94,000 after acquiring an additional 1,872 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Steven Madden in the 3rd quarter worth $205,000. Institutional investors own 99.88% of the company’s stock.

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.