Williams Trading analyst Sam Poser has maintained their bullish stance on SHOO stock, giving a Buy rating on September 22.
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Sam Poser has given his Buy rating due to a combination of factors that favor Steven Madden’s market position and potential for growth. The company is benefiting from a shift in consumer preferences towards women’s dress shoes, which aligns with the strengths of the core Steve Madden brand. This trend is supported by the emergence of new, compelling shoe designs from designer brands, which Steve Madden effectively interprets and offers at more accessible price points.
Additionally, Steven Madden is strategically positioned to capture market share as tariffs increase costs for private label footwear, impacting sales and margins for competitors. Retailers are expected to allocate more purchasing power to Steven Madden’s brands, such as Steve Madden and Dolce Vita, due to their favorable price-value relationship. This strategic advantage is likely to drive sales and margin growth, justifying the raised price target and Buy rating.
Poser covers the Consumer Cyclical sector, focusing on stocks such as Dick’s Sporting Goods, VF, and Canada Goose Holdings. According to TipRanks, Poser has an average return of 16.9% and a 51.22% success rate on recommended stocks.
In another report released on September 22, Piper Sandler also upgraded the stock to a Buy with a $40.00 price target.