Needham analyst Tom Nikic has maintained their neutral stance on SHOO stock, giving a Hold rating today.
Tom Nikic’s rating is based on several factors impacting Steven Madden’s current market position. The company’s recent earnings call highlighted a cautious outlook due to ongoing tariff concerns, challenges in the accessories sector, and a general decline in consumer confidence. Although the earnings per share for the quarter met the higher end of expectations, the forward guidance for 2025 fell short of market expectations.
Additionally, while Steven Madden anticipates a revenue growth of 17%-19% for the year, this includes the impact of the Kurt Geiger acquisition, which, when excluded, suggests a more modest growth. These elements contribute to a conservative stance, leading to the Hold rating as the company navigates these uncertainties.
In another report released today, Telsey Advisory also maintained a Hold rating on the stock with a $44.00 price target.