Steven Madden

SHOO · NASDAQ

$45.06+$0.10 (+0.22%)TodayMarket closed · Oct 20, 5:21 PM ET

Prev close $44.96

SHOO analyst rating

BuyConsensus of 7 analysts over the last 12 months. 86% rate it a buy.

Strong buy0
Buy6
Hold1
Underperform0
Sell0

12-month price target · 13 analysts

Average $52.86 (+17.3% upside)

Low: $36.36
Now: $45.06
High: $63.00

Upgrades and downgrades

The latest rating actions, newest first

SHOO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Sep 9, 2026	Initiates	Outperform	$60.00	74%
Piper Sandler	Aug 5, 2026	Maintains	Overweight	$50.00 → $55.00	49%
UBS	Jul 31, 2026	Maintains	Neutral	$40.00 → $45.00	50%
Citigroup	Jul 31, 2026	Maintains	Buy	$45.00 → $55.00	53%
BTIG	Jul 30, 2026	Maintains	Buy	$50.00 → $55.00	51%
BTIG	Jul 27, 2026	Maintains	Buy	$50.00	51%
Needham	Jun 12, 2026	Maintains	Buy	$45.00 → $52.00	46%
BTIG	Jun 4, 2026	Maintains	Buy	$50.00	51%
Needham	May 6, 2026	Maintains	Buy	$42.00 → $45.00	46%
Needham	May 4, 2026	Maintains	Buy	$41.00 → $42.00	46%

The case for and against

Updated Oct 14, 2026

Bull case

Steven Madden is positioned for a constructive fundamental rebound as fashion footwear demand shifts toward dressier styles, broadening across flats, heels, boots, and Mary Janes rather than depending on a single trend. Wholesale appears to be recovering after a tough 2025, with last year’s 9% organic decline likely to partially reverse as tariffs and inventory disruptions ease, private label stabilizes, and handbags are expected to return to growth in Q2. The company also has a meaningful margin recovery path, with EBIT margin falling more than 400 bps last year to about 7% and supported going forward by higher pricing, product mix, reduced promotions, and the accretive Kurt Geiger acquisition.

Bear case

Steven Madden is exposed to weakening demand and channel caution, as declining U.S. consumer confidence and tighter inventory management by wholesale partners could pressure revenue and reduce sell-in. Wholesale already showed clear softness, with organic sales down 8%, including footwear down 12% and apparel/accessories down 1%, while private label is expected to fall more than 20% in FY26, extending margin and growth headwinds. Tariff pressure adds another layer of risk because if mitigation falls short, EPS could drop to $1.75 next year, underscoring the stock’s vulnerable fundamentals.

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