Steven Madden: Hold Rating Amidst Tariff Challenges and Wholesale Demand Uncertainty

Needham analyst Tom Nikic has maintained their neutral stance on SHOO stock, giving a Hold rating today.

Tom Nikic has given his Hold rating due to a combination of factors affecting Steven Madden’s current market position. One of the primary reasons is the company’s accelerated shift away from production in China, which, while faster than anticipated, still leaves them vulnerable to significant tariff challenges. Additionally, there is growing caution regarding the wholesale demand environment, which adds to the uncertainty surrounding the company’s future performance.
Despite an increase in earnings per share (EPS) that surpassed market expectations, with a reported $0.60 compared to the anticipated $0.45, the overall revenue remained flat year-over-year. This mixed financial performance, coupled with the withdrawal of full-year guidance, contributes to the uncertainty that justifies a Hold rating. While there is potential for improved EPS forecasts in the coming years, the current fundamental uncertainties keep the recommendation at Hold.

In another report released today, Telsey Advisory also maintained a Hold rating on the stock with a $24.00 price target.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHOO in relation to earlier this year.