Steven Madden (SHOO) AI Stock Analysis

• Market Cap: $1.96B
• Dividend Yield: 3.11%
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.04
• Revenue Growth: 10.17%
• EPS Growth: -4.71%
• Country: US
• Employees: 3,500
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.60
• Shares Outstanding: 72,627,750
• 10 Day Avg. Volume: 1,342,890
• 30 Day Avg. Volume: 1,404,747
• PEG Ratio: -6.14
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.76
• Enterprise Value/Market Cap: 0.84
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 1.76
• Enterprise Value/Ebitda: 1.60
• 1Y Price Target: $27.57
• Price Target Upside: 5.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 79 Outperform
• Price Target: $30.00 ▲(14.59%Upside)

Steven Madden's strong financial performance and positive technical indicators are key strengths, despite valuation concerns and uncertainties related to tariffs. Strategic initiatives and corporate support provide additional confidence in future performance.

Positive Factors

Brand and Product Expansion

The combination of new products and positive response to the podcast is expected to result in many large wholesale accounts aggressively seeking more Steve Madden shoes, improving SHOO's gross margin profile.

Diversification

The company has reduced its exposure to China sourcing, leading to a more diversified sourcing base and potentially higher earnings.

Fashion Trends

A favorable fashion trend moving towards dress shoes is expected to benefit the company's core business.

Negative Factors

Cost Structure

Cost structures in Cambodia and Brazil are 20-25% higher compared to pre-tariff China factory costs, though 15 points of the higher costs is due to cost inflation.

Sales Pressure

Management still expects sales pressure from order cancellations and lack of reorder demand despite China tariffs moving lower, given 30-45 day longer lead times.

Tariff Uncertainties

The company has suspended annual guidance due to tariff uncertainties, indicating potential challenges in forecasting future performance.

Steven Madden Business Overview & Revenue Model

Company Description

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear. The company's Wholesale Accessories/Apparel segment offers handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories under the Steve Madden, BB Dakota, Anne Klein, Betsey Johnson, Cejon, Madden NYC, and Dolce Vita brands, as well as private label handbag and accessories to department stores, mass merchants, off-price retailers, online retailers, specialty stores, and independent stores. Its Direct-to-Consumer segment operates Steve Madden and Superga full-price retail stores, Steve Madden outlet stores, and Steve Madden shop-in-shops, as well as digital e-commerce websites, including SteveMadden.com, DolceVita.com, betseyjohnson.com, Blondo.com, GREATS.com, and Superga-USA.com. The company's Licensing segment licenses its Steve Madden, Madden Girl, and Betsey Johnson trademarks. Its First Cost segment operates as a buying agent for footwear products under private labels for national chains, specialty retailers, and value-priced retailers. As of December 31, 2021, it owned and operated 214 brick-and-mortar retail stores that included 147 Steve Madden full-price stores, 66 Steve Madden outlet stores, and 1 Superga store, as well as 6 e-commerce websites. Steven Madden, Ltd. was incorporated in 1990 and is headquartered in Long Island City, New York.

How the Company Makes Money

Steven Madden, Ltd. generates revenue primarily through the sale of its fashion products across various channels. The company's revenue streams include wholesale distribution to department stores and specialty retailers, direct-to-consumer sales through its own retail stores and e-commerce platforms, and licensing agreements for its brands. Wholesale operations contribute significantly to its earnings, with partnerships with major retailers enhancing distribution reach. Retail stores and online sales provide direct consumer engagement, allowing for higher margins. Additionally, licensing agreements provide a steady income stream by allowing third parties to produce and sell products under Steven Madden's brand names. The combination of these channels, along with strategic brand acquisitions and market expansion, drives the company's financial performance.

Steven Madden Financial Statement Overview

Summary

Steven Madden shows strong profitability with stable margins and a solid balance sheet characterized by low leverage. However, slight declines in revenue and free cash flow growth are concerns that temper the overall strong financial performance.

Income Statement

Steven Madden demonstrates strong profitability with a stable gross profit margin of around 41% in TTM (Trailing-Twelve-Months). Net profit margins have slightly declined but remain healthy. Revenue growth has been sluggish, with a marginal decline in the latest TTM. EBIT and EBITDA margins are stable, reflecting operational efficiency.

Balance Sheet

The company's financial health is solid with a low debt-to-equity ratio and a commendable equity ratio of over 60% in TTM, indicating strong capitalization. Return on Equity (ROE) is healthy but shows a slight decline, pointing to potential pressure on profit generation from equity. Overall, the balance sheet reflects stability and low leverage risk.

Cash Flow

Operating cash flow consistently exceeds net income, indicating strong cash generation capabilities. However, free cash flow growth has shown a slight decline recently, which may warrant monitoring. The company maintains a robust free cash flow to net income ratio, supporting its ability to reinvest and distribute cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.28B	1.98B	2.12B	1.87B	1.20B
Gross Profit	936.93M	832.41M	873.84M	767.50M	464.54M
EBITDA	250.49M	235.24M	302.22M	257.28M	66.92M
Net Income	169.39M	171.55M	216.06M	190.68M	-18.28M
Balance Sheet
Total Assets	1.41B	1.35B	1.26B	1.36B	1.14B
Cash, Cash Equivalents and Short-Term Investments	203.41M	219.81M	289.80M	263.54M	287.17M
Total Debt	152.99M	138.88M	108.63M	110.83M	132.85M
Total Liabilities	535.77M	499.91M	414.13M	535.00M	347.39M
Stockholders Equity	847.72M	829.60M	831.55M	812.10M	776.59M
Cash Flow
Free Cash Flow	172.19M	209.77M	249.53M	152.85M	37.64M
Operating Cash Flow	198.10M	229.24M	267.88M	159.46M	44.21M
Investing Cash Flow	-39.49M	-99.89M	5.52M	-3.21M	-4.88M
Financing Cash Flow	-167.91M	-200.94M	-215.83M	-184.65M	-57.07M

Steven Madden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 26.18 is above the 20-day moving average (MA) of 25.48, above the 50-day MA of 25.04, and below the 200-day MA of 33.23, indicating a neutral trend. The MACD of 0.54 indicates Negative momentum. The RSI at 54.88 is Neutral, neither overbought nor oversold. The STOCH value of 80.79 is Negative, 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
SHOO	79 Outperform	$1.96B	11.64	19.51%	3.11%	10.17%	-4.71%
RCKY	72 Outperform	$181.83M	13.27	5.97%	2.54%	-2.01%	2.08%
WEYS	71 Outperform	$314.66M	10.82	11.76%	9.28%	-5.46%	-1.09%
WWW	68 Neutral	$1.89B	26.34	25.29%	1.71%	-13.05%	―
CAL	68 Neutral	$531.28M	6.57	13.67%	1.85%	-4.84%	-49.08%
Sector *	57 Neutral	HK$26.32B	4.03	-2.03%	5.52%	-0.23%	-68.02%
VRA	46 Neutral	$67.04M	―	-36.91%	―	-24.95%	-1959.79%

Steven Madden Corporate Events

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.

The most recent analyst rating on (SHOO) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on Steven Madden stock, see the SHOO Stock Forecast page.

Steven Madden Stockholders Approve Key Proposals at Annual Meeting

On May 21, 2025, Steven Madden, Ltd. held its 2025 Annual Meeting of Stockholders, where 69,415,522 shares were represented, forming a quorum. During the meeting, three key proposals were addressed: the election of eleven board nominees, the ratification of Ernst & Young LLP as the independent auditor for 2025, and the approval of executive compensation on a non-binding advisory basis. All proposals were approved by the stockholders, indicating strong support for the company’s current leadership and strategic direction.

The most recent analyst rating on (SHOO) stock is a Hold with a $44.00 price target. To see the full list of analyst forecasts on Steven Madden stock, see the SHOO Stock Forecast page.