Steven Madden (NASDAQ:SHOO) Upgraded at BMO Capital Markets

Posted by Stanley Muller on Sep 11th, 2026

BMO Capital Markets upgraded shares of Steven Madden (NASDAQ:SHOO – Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks reports.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen cut Steven Madden from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Capital One Financial set a $60.00 price objective on shares of Steven Madden in a research note on Tuesday. Telsey Advisory Group increased their price objective on shares of Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Needham & Company LLC raised their target price on shares of Steven Madden from $45.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Zacks Research cut shares of Steven Madden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.80.

Check Out Our Latest Stock Report on SHOO

Steven Madden Trading Down 4.4%

NASDAQ:SHOO opened at $41.56 on Tuesday. Steven Madden has a 12-month low of $30.12 and a 12-month high of $49.70. The company has a current ratio of 1.91, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $44.40 and its 200-day simple moving average is $40.70. The firm has a market cap of $3.04 billion, a P/E ratio of 20.88 and a beta of 1.15.

Steven Madden (NASDAQ:SHOO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%.The firm had revenue of $665.87 million during the quarter, compared to the consensus estimate of $635.39 million. During the same period last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. Equities analysts anticipate that Steven Madden will post 2.15 EPS for the current year.

Steven Madden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 11th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Steven Madden’s dividend payout ratio (DPR) is 42.21%.

Insiders Place Their Bets

In other Steven Madden news, Director Mitchell S. Klipper sold 3,918 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.54, for a total transaction of $190,179.72. Following the transaction, the director owned 32,555 shares of the company’s stock, valued at $1,580,219.70. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arian Reed sold 1,250 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the sale, the director owned 8,196 shares in the company, valued at $399,636.96. This trade represents a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,086 shares of company stock valued at $440,212. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Steven Madden

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Steven Madden in the 4th quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new stake in Steven Madden in the 2nd quarter worth about $32,000. Global Retirement Partners LLC grew its holdings in Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker’s stock valued at $34,000 after buying an additional 745 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Steven Madden in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Steven Madden Company Profile

(Get Free Report)

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.