Steven Madden (SHOO) AI Stock Analysis

• Market Cap: $3.31B
• Dividend Yield: 1.97%
• Average Volume (3M): 968.66K
• Price to Earnings (P/E): 57.2
• Beta (1Y): 1.07
• Revenue Growth: 6.26%
• EPS Growth: -66.51%
• Country: US
• Employees: 3,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.43
• Shares Outstanding: 72,657,936
• 10 Day Avg. Volume: 1,142,234
• 30 Day Avg. Volume: 968,663
• PEG Ratio: 10.47
• Price to Book (P/B): 3.57
• Price to Sales (P/S): 1.33
• P/FCF Ratio: 17.60
• Enterprise Value/Market Cap: 0.86
• Enterprise Value/Revenue: 1.21
• Enterprise Value/Gross Profit: 2.95
• Enterprise Value/Ebitda: 25.48
• 1Y Price Target: $48.00
• Price Target Upside: 5.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $49.00 ▲(7.48% Upside)

Overall score reflects moderate financial performance (solid balance sheet and improving free cash flow, but pressured margins and cash conversion) and supportive technical momentum. These are offset by expensive valuation (high P/E) and a mixed earnings outlook where tariff impacts and weaker wholesale results remain key risks despite optimistic Q4 guidance and DTC/Kurt Geiger strength.

Positive Factors

Strong free cash flow growth

A 34.9% TTM increase in free cash flow materially improves internal funding capacity for capex, marketing, and integration costs. Sustained FCF growth enhances financial resilience, reduces reliance on debt for strategic initiatives, and supports reinvestment in higher-return DTC expansion.

Manageable leverage and solid equity base

A debt-to-equity ratio of 0.41 and a 42.54% equity ratio indicate conservative leverage and a solid capital base. This structural strength provides flexibility to fund inventory and working capital swings from tariffs, pursue M&A or strategic investments, and maintain solvency through cycles.

Successful Kurt Geiger integration boosting DTC

On-track Kurt Geiger integration with mid‑teens comp growth and international expansion shifts mix toward higher-margin DTC. This durable channel diversification and brand portfolio strengthening can support gross margin sustainability and reduce dependency on volatile wholesale relationships.

Negative Factors

Tariff-driven cost and order disruption

Tariffs rising to 145% have driven wholesale order cuts and shipment delays, creating a structural cost and supply-chain risk. Persistent elevated tariffs force sourcing changes or price increases, pressuring gross margins and customer relationships over multiple quarters unless mitigated by durable sourcing shifts.

Compressed profitability and weak cash conversion

A TTM net margin of 2.38%, falling EBIT/EBITDA margins and an operating cash flow to net income ratio of 0.30 point to weak earnings quality. Structurally low margins and poor cash conversion limit reinvestment capacity, reduce shock absorbers for cost shocks, and constrain sustained margin recovery.

Wholesale revenue deterioration

A meaningful wholesale decline (10.7% overall, 19% ex-acquisition) signals structural weakness in partner demand. Reliance on DTC and acquisitions to offset wholesale losses increases execution risk and concentration of revenue sources, making durable topline recovery dependent on successful channel rebalancing.

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

The company generates revenue primarily through the sale of its footwear and accessories, which are distributed through a multi-channel approach. Key revenue streams include wholesale distribution to department stores, specialty stores, and mass retailers, as well as direct-to-consumer sales through its own branded retail stores and e-commerce platforms. Steven Madden also benefits from strategic partnerships with other brands and retailers, which can enhance its market reach and product visibility. Seasonal product releases, collaborations, and marketing initiatives play a significant role in driving sales, while the company's ability to adapt to changing fashion trends helps sustain consumer demand.

Steven Madden Financial Statement Overview

Summary

Steven Madden's financial performance is stable with moderate profitability and growth. The income statement shows a gross profit margin of 40.85% and a net profit margin of 2.38%. Revenue growth is positive at 1.86%. The balance sheet is strong with a debt-to-equity ratio of 0.41 and a return on equity of 10.83%. Cash flow analysis indicates strong free cash flow growth but challenges in converting income into cash.

Income Statement

Steven Madden's income statement shows moderate performance with a gross profit margin of 40.85% and a net profit margin of 2.38% for TTM. Revenue growth is positive at 1.86%, indicating a slight upward trend. However, the EBIT and EBITDA margins have decreased compared to previous years, suggesting potential challenges in operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.41, indicating manageable leverage. The return on equity is 10.83%, showing decent profitability. The equity ratio stands at 42.54%, suggesting a solid equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth rate of 34.9% for TTM, indicating improved cash generation. However, the operating cash flow to net income ratio is relatively low at 0.30, suggesting potential challenges in converting income into cash. The free cash flow to net income ratio is 0.78, indicating a reasonable conversion of profits into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.36B	2.28B	1.98B	2.12B	1.87B	1.20B
Gross Profit	965.11M	936.93M	832.41M	873.84M	767.50M	464.54M
EBITDA	111.81M	258.01M	235.24M	308.03M	262.86M	66.92M
Net Income	56.27M	169.39M	171.55M	216.06M	190.68M	-18.40M
Balance Sheet
Total Assets	2.00B	1.41B	1.35B	1.26B	1.36B	1.14B
Cash, Cash Equivalents and Short-Term Investments	108.86M	203.41M	219.81M	289.80M	263.54M	287.17M
Total Debt	540.24M	152.99M	138.88M	108.63M	110.83M	132.85M
Total Liabilities	1.11B	535.77M	499.91M	414.13M	535.00M	347.39M
Stockholders Equity	850.84M	847.72M	829.60M	831.55M	812.10M	776.59M
Cash Flow
Free Cash Flow	133.13M	172.19M	209.77M	249.53M	152.85M	37.64M
Operating Cash Flow	171.48M	198.10M	229.24M	267.88M	159.46M	44.21M
Investing Cash Flow	-412.20M	-39.49M	-99.89M	5.52M	-3.21M	-4.88M
Financing Cash Flow	210.22M	-167.91M	-200.94M	-215.83M	-184.65M	-57.07M

Steven Madden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 45.59 is above the 20-day moving average (MA) of 43.29, above the 50-day MA of 40.52, and above the 200-day MA of 30.08, indicating a bullish trend. The MACD of 0.87 indicates Negative momentum. The RSI at 68.09 is Neutral, neither overbought nor oversold. The STOCH value of 86.54 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	76 Outperform	$228.26M	11.11	8.67%	2.08%	4.13%	53.56%
WEYS	70 Outperform	$295.71M	12.22	9.57%	9.66%	-3.64%	-16.12%
CAL	67 Neutral	$469.11M	22.42	3.33%	2.11%	-2.83%	-86.19%
SHOO	64 Neutral	$3.31B	57.21	6.68%	1.97%	6.26%	-66.51%
CROX	63 Neutral	$4.49B	28.23	11.82%	―	<0.01%	-77.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WWW	58 Neutral	$1.52B	18.15	25.57%	2.28%	3.61%	―

Steven Madden Corporate Events

Steven Madden Signs New Three-Year President Employment Agreement

On January 6, 2026, Steven Madden, Ltd. entered into a new three-year employment agreement with President Amelia Newton Varela, effective January 1, 2026 through December 31, 2028, replacing her prior contract that expired on December 31, 2025. The agreement sets escalating annual base salaries of $825,000 for 2026, $850,000 for 2027, and $875,000 for 2028, a monthly automobile allowance, a grant of restricted stock vesting over four years starting in January 2027, and eligibility for an annual performance-based cash bonus tied to EBIT, with payouts ranging from 30% to 80% of salary depending on performance. The contract also details severance protections, including salary continuation if terminated without cause and enhanced cash benefits in connection with a qualifying change of control, underscoring the company’s intent to retain key leadership and align executive incentives with shareholder and earnings performance.

The most recent analyst rating on (SHOO) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Steven Madden stock, see the SHOO Stock Forecast page.

Steven Madden Reports Q3 Revenue Growth Amid Tariff Challenges

On November 5, 2025, Steven Madden, Ltd. announced its third-quarter financial results, revealing a 6.9% revenue increase to $667.9 million compared to the same period in 2024. Despite challenges from new tariffs on U.S. imports, the company saw positive consumer response to its Fall collections, particularly the Steve Madden brand. However, operating income and net income saw declines, attributed to increased operating expenses and tariff impacts. The company also declared a quarterly cash dividend of $0.21 per share, payable on December 26, 2025. Looking ahead, Steve Madden anticipates a 27% to 30% revenue increase in the fourth quarter of 2025, driven by strategies including tariff mitigation and the acquisition of Kurt Geiger.

The most recent analyst rating on (SHOO) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Steven Madden stock, see the SHOO Stock Forecast page.