Steven Madden (SHOO) AI Stock Analysis

• Market Cap: $2.38B
• Dividend Yield: 2.56%
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): 25.8
• Beta (1Y): 1.17
• Revenue Growth: 7.80%
• EPS Growth: -48.10%
• Country: US
• Employees: 3,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.20
• Shares Outstanding: 72,652,390
• 10 Day Avg. Volume: 2,094,483
• 30 Day Avg. Volume: 1,532,944
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 2.28
• Enterprise Value/Ebitda: 13.14
• 1Y Price Target: $30.29
• Price Target Upside: -7.37% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 74 Outperform
• Price Target: $30.00 ▼(-8.26% Downside)

Steven Madden's stock score is driven by strong financial performance and positive technical indicators, despite challenges from tariffs affecting profitability. The valuation is fair, and the earnings call presents a mixed outlook with growth opportunities and risks.

Positive Factors

Direct-to-Consumer Growth

The robust growth in the direct-to-consumer segment highlights the company's successful strategy in expanding its market reach and enhancing customer engagement, which is crucial for long-term revenue stability and brand loyalty.

Kurt Geiger Integration

Successful integration of Kurt Geiger positions Steven Madden for enhanced market presence and diversification, providing a significant growth avenue and strengthening its competitive edge in the fashion industry.

International Revenue Growth

Growth in international markets indicates Steven Madden's effective global strategy, reducing dependency on domestic sales and opening new revenue streams, which is vital for long-term business sustainability.

Negative Factors

Impact of Tariffs

Tariffs significantly impact profitability and operational costs, posing a long-term challenge that could affect pricing strategies and market competitiveness if not mitigated effectively.

Wholesale Revenue Decline

Declining wholesale revenue suggests challenges in maintaining relationships with retailers and could indicate broader market pressures, impacting overall revenue growth and profitability.

Leadership Changes

Recent leadership changes may lead to strategic realignments and potential disruptions in operations, affecting the company's long-term strategic initiatives and stability.

Steven Madden Business Overview & Revenue Model

Company Description

Steven Madden, Ltd. is a publicly traded American footwear and accessories brand founded in 1990 by designer Steven Madden. Headquartered in Long Island City, New York, the company specializes in the design, marketing, and selling of a wide range of fashionable footwear, handbags, and accessories for women, men, and children. Steven Madden operates in the fashion retail sector and is known for its trendy and affordable styles, catering to a youthful demographic through various collections that include casual shoes, dress shoes, boots, and sneakers, as well as a selection of handbags and other fashion accessories.

How the Company Makes Money

Steven Madden generates revenue primarily through the sale of its footwear and accessories across multiple channels. The company operates a combination of direct-to-consumer sales through its branded retail stores and e-commerce platforms, as well as wholesale distribution to department stores, specialty retailers, and third-party online marketplaces. Key revenue streams include the sale of women’s footwear, which constitutes the largest segment, followed by men’s and children’s footwear and accessories. Additionally, Steven Madden engages in strategic partnerships and collaborations with other brands and influencers to expand its market reach and enhance brand visibility. The company also benefits from seasonal trends in fashion, driving sales during peak retail periods. Effective marketing strategies and a strong brand identity further contribute to its revenue generation.

Steven Madden Financial Statement Overview

Summary

Steven Madden shows robust revenue growth and solid cash flow management, crucial for sustaining operations. However, declining profitability metrics and increased leverage are concerns. Improving operational efficiency and controlling costs are necessary to enhance margins and profitability.

Income Statement

Steven Madden has demonstrated consistent revenue growth, with a notable increase from $1.86 billion in 2021 to $2.32 billion in TTM (Trailing-Twelve-Months) 2025. The Gross Profit Margin stands at 40.9% TTM, indicating solid profitability. However, the Net Profit Margin has decreased to 4.0% in TTM 2025 from 9.3% in 2021, which could be a concern. The EBIT Margin at 5.8% in TTM also shows a decline, indicating increased operational costs.

Balance Sheet

The company's Debt-to-Equity Ratio increased from 0.13 in 2021 to 0.42 in TTM 2025, reflecting increased leverage. However, the Equity Ratio remains strong at 44.0% in TTM, reflecting balanced financial stability. Return on Equity decreased from 23.5% in 2021 to 11.1% in TTM 2025, indicating reduced profitability.

Cash Flow

The Free Cash Flow remains strong, although it decreased from $249.5 million in 2022 to $132.7 million in TTM 2025. The Operating Cash Flow to Net Income Ratio in TTM is strong, reflecting efficient cash conversion, though there has been a decrease in free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.32B	2.28B	1.98B	2.12B	1.87B	1.20B
Gross Profit	947.28M	936.93M	832.41M	873.84M	767.50M	464.54M
EBITDA	164.14M	258.01M	235.24M	302.22M	257.28M	66.92M
Net Income	91.79M	169.39M	171.55M	216.06M	190.68M	-18.40M
Balance Sheet
Total Assets	1.90B	1.41B	1.35B	1.26B	1.36B	1.14B
Cash, Cash Equivalents and Short-Term Investments	111.85M	203.41M	219.81M	289.80M	263.54M	287.17M
Total Debt	349.67M	152.99M	138.88M	108.63M	110.83M	132.85M
Total Liabilities	1.03B	535.77M	499.91M	414.13M	535.00M	347.39M
Stockholders Equity	833.23M	847.72M	829.60M	831.55M	812.10M	776.59M
Cash Flow
Free Cash Flow	132.67M	172.19M	209.77M	249.53M	152.85M	37.64M
Operating Cash Flow	166.82M	198.10M	229.24M	267.88M	159.46M	44.21M
Investing Cash Flow	-422.06M	-39.49M	-99.89M	5.52M	-3.21M	-4.88M
Financing Cash Flow	187.07M	-167.91M	-200.94M	-215.83M	-184.65M	-57.07M

Steven Madden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHOO, the sentiment is Positive. The current price of 32.7 is above the 20-day moving average (MA) of 31.06, above the 50-day MA of 28.14, and above the 200-day MA of 29.51, indicating a bullish trend. The MACD of 1.44 indicates Negative momentum. The RSI at 68.17 is Neutral, neither overbought nor oversold. The STOCH value of 66.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SHOO.

Steven Madden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCKY	77 Outperform	219.20M	11.81	4.90%	2.11%	-0.09%	24.18%
SHOO	74 Outperform	$2.38B	25.82	11.09%	2.56%	7.80%	-48.10%
WWW	69 Neutral	2.30B	27.39	17.84%	1.43%	-2.83%	―
WEYS	65 Neutral	285.04M	11.13	10.43%	10.23%	-6.39%	-14.72%
CAL	63 Neutral	471.77M	8.00	9.74%	2.10%	-5.31%	-62.20%
VRA	43 Neutral	56.71M	-0.69	-34.75%	―	-31.07%	-8386.91%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Steven Madden Corporate Events

Steven Madden Reports Q2 2025 Financial Results

On July 30, 2025, Steven Madden, Ltd. announced its financial results for the second quarter of 2025, revealing a 6.8% increase in revenue to $559.0 million compared to the same period in 2024. Despite this growth, the company faced a net loss of $39.5 million, attributed to new tariffs on goods imported into the U.S. The integration of Kurt Geiger is progressing well, contributing to a 43.3% increase in direct-to-consumer revenue. The company declared a quarterly cash dividend of $0.21 per share, payable on September 23, 2025.

Steven Madden Faces Leadership Changes with Recent Resignations

On June 27, 2025, Robert G. Smith resigned from Steven Madden‘s Board of Directors, effective July 14, 2025, to pursue another opportunity, with no disagreements cited. Consequently, the board will reduce from 11 to 10 members. Additionally, Chief Merchandising Officer Karla Frieders resigned for personal reasons, effective June 30, 2025, with her duties being reassigned within the management team, and no immediate replacement planned.