Needham analyst Tom Nikic has maintained their neutral stance on SHOO stock, giving a Hold rating on July 31.
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Tom Nikic has given his Hold rating due to a combination of factors influencing Steven Madden’s current market position. The ongoing tariff situation poses a significant challenge, impacting the company’s ability to maintain stable operations. Despite management’s efforts to adapt and control the supply chain, the external environment remains unpredictable and difficult to navigate.
Additionally, while there are positive developments such as the acquisition of Kurt Geiger, these are not enough to offset the broader market uncertainties. Consumer and retailer sentiments, along with shifting fashion trends, add further complexity to the company’s outlook. As a result, Tom Nikic remains cautious and prefers to wait for clearer market conditions before considering a more favorable rating.
In another report released on July 31, Telsey Advisory also maintained a Hold rating on the stock with a $24.00 price target.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.