STEVEN MADDEN, LTD.
Steven Madden designs, sources and markets branded and private-label footwear, accessories and apparel. Its wholesale business sells footwear, handbags, apparel and other accessories to retailers, including department stores, online retailers, specialty stores and clubs. Its Direct-to-Consumer business sells through company-operated full-price and outlet stores, international concessions and e-commerce platforms. Its brands include Steve Madden, Kurt Geiger, Dolce Vita, Betsey Johnson, Carvela, Blondo and ATM; it also sells private-label products and licenses trademarks for select apparel, accessories, home and other products. The company makes money from wholesale and direct sales, as well as royalties from licensing agreements, which generally base payments on licensee sales and may include minimum royalties. As of December 31, 2025, it operated 399 brick-and-mortar retail stores and 133 concessions in international markets. Steven Madden is headquartered in Long Island City, New York.
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See all $SHOO insider activity →Footwear companies are receiving tariff refunds from the U.S. Supreme Court ruling on IEEPA duties. Academy Sports & Outdoors, Boot Barn, Callers, Crocs, Deckers Brands, Dick's Sporting Goods, Genesco, Nike, and On Holding AG have disclosed refunds and their uses, impacting earnings and margins. For example, Nike received $986 million, boosting its Q4 earnings by 52 cents per share.
Steven Madden, Ltd.'s SHOO wholesale business reported a 19.4% year-over-year revenue increase to $528.7 million in Q3 2026, driven by strong branded product demand. Footwear sales rose 21% to $322.6 million, while accessories and apparel revenues grew 17% to $206.1 million. Gross margin improved to 36.8% from 33.6%, despite higher freight costs. Management expects Q4 wholesale revenues to decline 6-7% due to shipment timing.
Jefferies upgraded Steven Madden (SHOO) stock, ranking it 7th in a list of major upgrades. The S&P 500 had its worst week since June, with tech and energy stocks falling 7% and 11% respectively, due to political concerns. Friday's jobs report increased Fed rate hike expectations to 78% for December.
Over the past 7 days, AlphAI's AI scored 12 news stories mentioning SHOO (STEVEN MADDEN, LTD.). Coverage has skewed bearish: 4 bullish, 2 neutral, and 6 bearish.
Recent SHOO coverage spans financial news and earnings.
Anticipated refunds could support future earnings.
Strong Q3 results and improved margins suggest upside pressure.
The upgrade is likely to generate buying interest and lift the stock.
Analyst target cut suggests lower upside expectations.
The downgrade and lower price target suggest modest downside pressure.
AlphAI scores every news story that mentions SHOO with an AI model for sentiment and relevance, and aggregates insider trades from STEVEN MADDEN, LTD.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Footwear companies are receiving tariff refunds from the U.S. Supreme Court ruling on IEEPA duties. Academy Sports & Outdoors, Boot Barn, Callers, Crocs, Deckers Brands, Dick's Sporting Goods, Genesco, Nike, and On Holding AG have disclosed refunds and their uses, impacting earnings and margins. For example, Nike received $986 million, boosting its Q4 earnings by 52 cents per share.
Steven Madden, Ltd.'s SHOO wholesale business reported a 19.4% year-over-year revenue increase to $528.7 million in Q3 2026, driven by strong branded product demand. Footwear sales rose 21% to $322.6 million, while accessories and apparel revenues grew 17% to $206.1 million. Gross margin improved to 36.8% from 33.6%, despite higher freight costs. Management expects Q4 wholesale revenues to decline 6-7% due to shipment timing.
Jefferies upgraded Steven Madden (SHOO) stock, ranking it 7th in a list of major upgrades. The S&P 500 had its worst week since June, with tech and energy stocks falling 7% and 11% respectively, due to political concerns. Friday's jobs report increased Fed rate hike expectations to 78% for December.
Telsey Advisory Group kept its Outperform rating on Steven Madden but reduced its price target to $50 from $55, citing a 9.1% decrease. The new target suggests a 26.6% upside from the Nov 6 closing price of $39.50. Recent analyst notes on the company have price targets ranging from $36 to $55.
Jefferies raised its rating on Steven Madden to Hold from Underperform, setting a $36 price target. This implies a 7.7% downside from the Nov 5 close of $38.99.
Analysts upgraded Becton Dickinson (NYSE: BDX) to Overweight with a $242 target, JinkoSolar (NYSE: JKS) to Buy with a $17 target, SiTime (NASDAQ: SITM) to Buy with a $425 target, and Steven Madden (NASDAQ: SHOO) to Hold. Downgrades include BJ’s Wholesale Club (NYSE: BJ) to Neutral, Cogent Communications (NASDAQ: CCOI) to Sector Weight, Molson Coors (NYSE: TAP) to Underweight, and Pfizer (NYSE: PFE) to Hold. Initiations include Fervo Energy (NASDAQ: FRVO) with a Buy rating and $17 target.
Steven Madden (SHOO) revised its full-year forecast, lowering Kurt Geiger brand revenue growth to low double digits and raising Dolce Vita to the same range. Q3 Kurt Geiger revenue was $142.9M, with direct-to-consumer sales up 6%. The company expects Q4 wholesale revenue to decline 6-7% due to shipment timing. Inventory decreased 12.8% YoY, and the board approved a $0.21 quarterly dividend.
Jefferies upgraded Steven Madden (SHOO) to Hold with a $36 price target, citing diversified earnings, margin opportunities, and resilient demand. The company reported Q3 revenue up 15.7% and raised full-year guidance, though wholesale outlook is mixed. SHOO's stock is currently trading at $38.99, with a Fair Value of $43.59 according to InvestingPro.
Needham retained its Buy rating for Steven Madden but reduced its price target to $45 from $52, citing a 13.5% decrease. The new target suggests a 15.4% upside from the Nov 5 close of $38.99.
Steve Madden reported Q3 growth in footwear, accessories, and apparel across its brand portfolio, with strong performance in casuals, booties, and heels. CEO Edward Rosenfeld highlighted growth in its flagship brand and men's footwear line. Kurt Geiger and Dolce Vita also saw success in specific product categories. The company's net income more than doubled to $52.4 million, with total revenue up 15.7% to $772.6 million. Shares were down 17.3% amid broader market selloff.
