Steven Madden (SHOO) AI Stock Analysis

• Market Cap: $2.11B
• Dividend Yield: 2.85%
• Average Volume (3M): 1.64M
• Price to Earnings (P/E): 22.8
• Beta (1Y): 1.18
• Revenue Growth: 7.80%
• EPS Growth: -48.10%
• Country: US
• Employees: 3,500
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.20
• Shares Outstanding: 72,652,390
• 10 Day Avg. Volume: 1,262,755
• 30 Day Avg. Volume: 1,636,510
• 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: 1.02
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 2.28
• Enterprise Value/Ebitda: 13.14
• 1Y Price Target: $27.88
• Price Target Upside: -5.27% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 74 Outperform
• Price Target: $30.00 ▲(1.94% Upside)

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

Acquisition Benefits

The market is underappreciating the benefits of a recent acquisition, which is expected to boost revenue and align with favorable fashion trends.

Fashion Trends

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

Risk-Reward Scenario

Shares are trading below the company's five-year average price-to-earnings ratio, indicating a favorable risk-reward scenario.

Negative Factors

Guidance Suspension

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

Revenue Decline

2Q25 revenue missed expectations as wholesale revenue, excluding contributions from Kurt Geiger, which was acquired in early May, decreased 12.8%.

Tariff Impact

Tariffs were a major topic of conversation, indicating challenges for the company.

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 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: 29.43
• 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 29.43 is above the 20-day moving average (MA) of 27.16, above the 50-day MA of 26.01, and below the 200-day MA of 30.71, indicating a neutral trend. The MACD of 0.97 indicates Negative momentum. The RSI at 65.23 is Neutral, neither overbought nor oversold. The STOCH value of 85.96 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
RCKY	77 Outperform	$227.26M	12.24	8.05%	2.07%	-0.09%	24.18%
SHOO	74 Outperform	$2.11B	22.84	11.09%	2.85%	7.80%	-48.10%
WWW	69 Neutral	$2.60B	30.86	27.52%	1.28%	-2.83%	―
CAL	67 Neutral	$506.95M	6.26	13.67%	1.89%	-4.84%	-49.08%
WEYS	64 Neutral	$289.04M	11.29	10.36%	10.23%	-6.39%	-14.72%
Sector *	61 Neutral	$17.87B	13.25	-4.88%	3.05%	1.25%	-14.67%
VRA	43 Neutral	$57.82M	―	-36.91%	―	-24.95%	-1959.79%

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.