Citigroup Maintains Neutral on Steven Madden, Lowers Price Target to $38
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2025
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Should l Buy SHOO?
Source: Benzinga
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Analyst Views on SHOO
Wall Street analysts forecast SHOO stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 35.620
Low
41.00
Averages
48.00
High
52.00
Current: 35.620
Low
41.00
Averages
48.00
High
52.00
About SHOO
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Company’s Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. Its Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products, primarily consisting of handbags and apparel, to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. Its Direct-to-Consumer segment engages in the sale of footwear, handbags, apparel, and other accessories. Its Licensing segment engages in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessories, and home categories as well as various other non-core products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UBS Lowers Target Price for Steven Madden Ltd to $38 from $42
Price Reduction Announcement: Steven Madden Ltd. has announced a price cut for its U.S. subsidiary, U.B.S., reducing the target price from $42 to $38.
Market Impact: This price adjustment may influence investor sentiment and market performance for Steven Madden Ltd. and its subsidiaries.
See More
Steve Madden Earnings Highlights
- Earnings Beat: Steve Madden reported adjusted earnings per share of 48 cents, surpassing the analyst consensus estimate of 47 cents, indicating stable profitability amidst market challenges.
- Sales Growth Miss: Quarterly sales reached $753.7 million, a 29.4% year-over-year increase, yet fell short of the Street's expectation of $753.9 million, highlighting intensified market competition.
- Decline in Operating Income: Adjusted income from operations decreased to $50.9 million from $52.6 million a year ago, suggesting challenges in cost management and operational efficiency.
- Cautious Outlook: While projecting revenue growth of 9% to 11% for FY26, the company refrained from providing earnings guidance due to uncertainties surrounding U.S. tariff policies, reflecting a cautious stance on future market conditions.
See More
Steven Madden Reports Strong Q4 2025 Earnings Amid Tariff Challenges
- Performance Exceeds Expectations: Steven Madden reported consolidated revenue of $753.7 million for Q4 2025, a 29.4% year-over-year increase, primarily driven by strong performance in its core footwear business and contributions from the newly acquired Kurt Geiger, demonstrating the company's resilience amid challenges.
- Surge in Women's Footwear Demand: The company noted a significant acceleration in demand for women's footwear, particularly into early 2026, with online searches increasing by 10% year-over-year, indicating sustained consumer interest that is likely to drive future sales growth.
- Successful Integration of Kurt Geiger: The Kurt Geiger brand achieved an 11% revenue growth in 2025, with expectations for similar growth in 2026, highlighting the success of the acquisition strategy and the realization of brand synergies.
- Pressure on Private Label Business: Despite overall revenue growth, the private label segment saw a 15% decline in 2025, with a further expected decline of nearly 20% in 2026, posing challenges to the company's overall revenue, prompting management to express caution and withhold earnings guidance.
See More
Steven Madden Faces Profit Squeeze Amid Tariff Pressures
- Sales Growth and Challenges: Steven Madden (SHOO) reported fourth-quarter sales of $753.7 million, nearly a 30% increase year-over-year, yet fell short of estimates by $5.7 million, indicating a tough market environment despite contributions from the newly acquired Kurt Geiger business.
- Profit Decline: Adjusted net income decreased by 13% to $0.48 per share due to rising costs of sales and operating expenses, although it beat estimates by a penny, reflecting pressure on the company's cost management efforts.
- Debt Situation: As of year-end, Steven Madden's total debt stood at $234.2 million, with cash and cash equivalents totaling $112.4 million, resulting in net debt of $121.7 million, highlighting challenges and risks in financial management.
- Future Outlook: The company anticipates FY26 revenue growth of 9% to 11%, projecting revenue between $2.76 billion and $2.81 billion, with the midpoint falling below market expectations, indicating uncertainty in future growth prospects.
See More
STEVEN MADDEN'S STOCK DROPS 5% AS COMPANY RETAINS PROFIT OUTLOOK DUE TO TARIFF UNCERTAINTY
- Market Reaction: Shares of Steven Madden have dropped 5% following a profit forecast that was impacted by uncertainty related to tariffs.
- Profit Forecast: The company's profit outlook has been affected by ongoing tariff issues, leading to concerns among investors.
See More
Steven Madden Q4 Earnings Beat Expectations Despite Revenue Miss
- Earnings Beat: Steven Madden reported a Q4 non-GAAP EPS of $0.48, beating expectations by $0.01, indicating resilience in profitability despite a challenging market environment.
- Significant Revenue Growth: The company achieved revenue of $753.7 million in Q4, representing a 29.4% year-over-year increase, although it fell short of analyst expectations, highlighting strong sales growth potential amid increasing market competition.
- Cautious Future Outlook: The company expects revenue growth of 9% to 11% in 2026 compared to 2025, reflecting management's optimism about future growth while also indicating a cautious stance regarding market conditions.
- No Earnings Guidance Provided: Due to uncertainties surrounding U.S. tariff policies, the company refrained from providing specific earnings guidance, which may impact investor confidence, particularly in the current economic climate.
See More
UBS Lowers Target Price for Steven Madden Ltd to $38 from $42
Price Reduction Announcement: Steven Madden Ltd. has announced a price cut for its U.S. subsidiary, U.B.S., reducing the target price from $42 to $38.
Market Impact: This price adjustment may influence investor sentiment and market performance for Steven Madden Ltd. and its subsidiaries.
See More
Steve Madden Earnings Highlights
- Earnings Beat: Steve Madden reported adjusted earnings per share of 48 cents, surpassing the analyst consensus estimate of 47 cents, indicating stable profitability amidst market challenges.
- Sales Growth Miss: Quarterly sales reached $753.7 million, a 29.4% year-over-year increase, yet fell short of the Street's expectation of $753.9 million, highlighting intensified market competition.
- Decline in Operating Income: Adjusted income from operations decreased to $50.9 million from $52.6 million a year ago, suggesting challenges in cost management and operational efficiency.
- Cautious Outlook: While projecting revenue growth of 9% to 11% for FY26, the company refrained from providing earnings guidance due to uncertainties surrounding U.S. tariff policies, reflecting a cautious stance on future market conditions.
See More
Steven Madden Reports Strong Q4 2025 Earnings Amid Tariff Challenges
- Performance Exceeds Expectations: Steven Madden reported consolidated revenue of $753.7 million for Q4 2025, a 29.4% year-over-year increase, primarily driven by strong performance in its core footwear business and contributions from the newly acquired Kurt Geiger, demonstrating the company's resilience amid challenges.
- Surge in Women's Footwear Demand: The company noted a significant acceleration in demand for women's footwear, particularly into early 2026, with online searches increasing by 10% year-over-year, indicating sustained consumer interest that is likely to drive future sales growth.
- Successful Integration of Kurt Geiger: The Kurt Geiger brand achieved an 11% revenue growth in 2025, with expectations for similar growth in 2026, highlighting the success of the acquisition strategy and the realization of brand synergies.
- Pressure on Private Label Business: Despite overall revenue growth, the private label segment saw a 15% decline in 2025, with a further expected decline of nearly 20% in 2026, posing challenges to the company's overall revenue, prompting management to express caution and withhold earnings guidance.
See More
Steven Madden Faces Profit Squeeze Amid Tariff Pressures
- Sales Growth and Challenges: Steven Madden (SHOO) reported fourth-quarter sales of $753.7 million, nearly a 30% increase year-over-year, yet fell short of estimates by $5.7 million, indicating a tough market environment despite contributions from the newly acquired Kurt Geiger business.
- Profit Decline: Adjusted net income decreased by 13% to $0.48 per share due to rising costs of sales and operating expenses, although it beat estimates by a penny, reflecting pressure on the company's cost management efforts.
- Debt Situation: As of year-end, Steven Madden's total debt stood at $234.2 million, with cash and cash equivalents totaling $112.4 million, resulting in net debt of $121.7 million, highlighting challenges and risks in financial management.
- Future Outlook: The company anticipates FY26 revenue growth of 9% to 11%, projecting revenue between $2.76 billion and $2.81 billion, with the midpoint falling below market expectations, indicating uncertainty in future growth prospects.
See More
STEVEN MADDEN'S STOCK DROPS 5% AS COMPANY RETAINS PROFIT OUTLOOK DUE TO TARIFF UNCERTAINTY
- Market Reaction: Shares of Steven Madden have dropped 5% following a profit forecast that was impacted by uncertainty related to tariffs.
- Profit Forecast: The company's profit outlook has been affected by ongoing tariff issues, leading to concerns among investors.
See More
Steven Madden Q4 Earnings Beat Expectations Despite Revenue Miss
- Earnings Beat: Steven Madden reported a Q4 non-GAAP EPS of $0.48, beating expectations by $0.01, indicating resilience in profitability despite a challenging market environment.
- Significant Revenue Growth: The company achieved revenue of $753.7 million in Q4, representing a 29.4% year-over-year increase, although it fell short of analyst expectations, highlighting strong sales growth potential amid increasing market competition.
- Cautious Future Outlook: The company expects revenue growth of 9% to 11% in 2026 compared to 2025, reflecting management's optimism about future growth while also indicating a cautious stance regarding market conditions.
- No Earnings Guidance Provided: Due to uncertainties surrounding U.S. tariff policies, the company refrained from providing specific earnings guidance, which may impact investor confidence, particularly in the current economic climate.
See More
