Steven Madden (NASDAQ:SHOO) Hits New 12-Month High Following Strong Earnings

Steven Madden, Ltd. (NASDAQ:SHOO) shares reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $47.38 and last traded at $47.7630, with a volume of 1487742 shares trading hands. The stock had previously closed at $43.40.

The textile maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. The business had revenue of $665.87 million during the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a net margin of 2.89% and a return on equity of 12.29%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS.

Steven Madden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Monday, June 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 8th. Steven Madden’s dividend payout ratio is presently 80.00%.

More Steven Madden News

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

• Positive Sentiment: Q2 earnings and revenue beat estimates: Adjusted earnings per share rose to $0.44 from $0.20 a year earlier, surpassing the $0.33 consensus estimate. Revenue increased 19.1% year over year to approximately $665.9 million, exceeding expectations of $635.4 million. Steven Madden Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Margin recovery supported the quarter: Management highlighted a rebound in profitability alongside strong top-line growth, helping reinforce the view that the company’s operating performance is improving. Steve Madden Is on the Upswing as Company Delivers Strong Q2
• Positive Sentiment: Analyst support remains firm: Needham reiterated its Buy rating and maintained a $52 price target, citing the quarterly beat and margin recovery. The target implies additional upside from recent trading levels. Steven Madden Buy Rating Reaffirmed
• Neutral Sentiment: Full-year outlook was updated: Steven Madden forecast fiscal 2026 adjusted EPS of $2.05 to $2.15 and revenue of roughly $2.8 billion. The revenue outlook is broadly in line with consensus, while the midpoint of the EPS range is modestly below the $2.12 analyst estimate, limiting the potential upside from guidance alone. Steve Madden Boosts Outlook Amid Strong Quarterly Rebound

Analyst Upgrades and Downgrades

A number of research firms have commented on SHOO. Needham & Company LLC lifted their target price on Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, June 12th. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of Steven Madden in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Steven Madden in a research report on Friday, July 17th. UBS Group restated a “neutral” rating and issued a $40.00 price objective (up from $38.00) on shares of Steven Madden in a report on Monday, April 27th. Finally, Zacks Research raised shares of Steven Madden from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Steven Madden has a consensus rating of “Moderate Buy” and an average price target of $45.12.

Insider Buying and Selling at Steven Madden

In related news, Director Arian Simone Reed sold 648 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total transaction of $25,900.56. Following the transaction, the director owned 8,057 shares of the company’s stock, valued at approximately $322,038.29. This represents a 7.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christina Ciglar sold 5,147 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $44.74, for a total value of $230,276.78. Following the transaction, the insider directly owned 35,200 shares in the company, valued at approximately $1,574,848. The trade was a 12.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,270 shares of company stock worth $276,992 in the last quarter. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Steven Madden during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC lifted its holdings in Steven Madden by 1,064.3% during the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock worth $34,000 after buying an additional 745 shares in the last quarter. First Horizon Corp lifted its holdings in Steven Madden by 55.1% during the 4th quarter. First Horizon Corp now owns 892 shares of the textile maker’s stock worth $37,000 after buying an additional 317 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Steven Madden by 79.4% in the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker’s stock worth $41,000 after acquiring an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Trading Up 10.2%

The company’s 50 day simple moving average is $42.91 and its 200 day simple moving average is $39.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.23 and a quick ratio of 1.42. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 45.55 and a beta of 1.15.

About Steven Madden

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.