Steven Madden (NASDAQ:SHOO) Releases Earnings Results, Beats Estimates By $0.11 EPS

Steven Madden (NASDAQ:SHOO) issued its earnings results on Thursday. The textile maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11, FiscalAI reports. The company had revenue of $665.87 million for the quarter, compared to analysts’ expectations of $635.39 million. Steven Madden had a return on equity of 12.29% and a net margin of 2.89%.Steven Madden’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. Steven Madden updated its FY 2026 guidance to 2.050-2.150 EPS.

Here are the key takeaways from Steven Madden’s conference call:

• Positive Sentiment: Steven Madden delivered strong Q2 results, with revenue up 19.1% to $665.9 million and adjusted diluted EPS more than doubling to $0.44. Excluding Kurt Geiger, revenue still increased 11.2%.
• Positive Sentiment: The Steve Madden brand gained momentum, with global comparable sales up 9%, U.S. comps up 17%, and online searches rising 71%. Management raised its full-year revenue growth expectations for the Steve Madden brand to the high-single digits, while Dolce Vita’s outlook also increased to high-single-digit to low-double-digit growth.
• Positive Sentiment: Branded wholesale and direct-to-consumer businesses performed well, supported by strong sell-throughs, reorders, and growth in handbags. Steve Madden handbags rose about 30% overall in Q2, while U.S. full-price stores and e-commerce increased 16% and 20%, respectively.
• Positive Sentiment: The company raised its 2026 outlook, now projecting revenue growth of 11%–13% and diluted EPS of $2.05–$2.15, compared with prior guidance of 10%–12% revenue growth and $2.00–$2.10 EPS.
• Negative Sentiment: Management expects less gross-margin expansion in the second half as it laps price increases and Kurt Geiger acquisition benefits, while higher freight, supplier costs, and tariffs are expected to reduce earnings by an additional $0.06. Private-label wholesale remains a pressure point and is projected to decline in the mid- to high-teens for the year.

Steven Madden Stock Down 3.4%

SHOO stock traded down $1.64 during trading on Friday, reaching $46.20. The stock had a trading volume of 209,634 shares, compared to its average volume of 1,250,309. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 44.00 and a beta of 1.15. Steven Madden has a one year low of $23.15 and a one year high of $48.76. The company’s 50 day moving average is $43.04 and its two-hundred day moving average is $39.92.

Steven Madden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Friday, September 11th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 11th. Steven Madden’s dividend payout ratio is presently 80.00%.

Insider Activity at Steven Madden

In other news, Director Arian Simone Reed sold 648 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $39.97, for a total value of $25,900.56. Following the completion of the transaction, the director directly owned 8,057 shares of the company’s stock, valued at $322,038.29. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christina Ciglar sold 5,147 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $44.74, for a total value of $230,276.78. Following the sale, the insider directly owned 35,200 shares of the company’s stock, valued at $1,574,848. The trade was a 12.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,270 shares of company stock worth $276,992. Insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SHOO. Scopus Asset Management L.P. purchased a new stake in shares of Steven Madden during the 3rd quarter valued at $36,451,000. Boston Partners bought a new stake in shares of Steven Madden during the 3rd quarter worth $33,319,000. Invesco Ltd. boosted its holdings in shares of Steven Madden by 50.5% in the 2nd quarter. Invesco Ltd. now owns 2,426,926 shares of the textile maker’s stock worth $58,198,000 after buying an additional 814,318 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Steven Madden by 1,170.4% in the 1st quarter. Millennium Management LLC now owns 617,049 shares of the textile maker’s stock worth $16,438,000 after buying an additional 568,477 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Steven Madden by 18.1% during the third quarter. Wellington Management Group LLP now owns 3,453,208 shares of the textile maker’s stock valued at $115,613,000 after buying an additional 528,829 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SHOO. Citigroup reaffirmed a “buy” rating and issued a $55.00 price objective (up from $45.00) on shares of Steven Madden in a research note on Friday. Telsey Advisory Group raised their price target on shares of Steven Madden from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Steven Madden in a research note on Friday, July 17th. Zacks Research raised Steven Madden from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, BTIG Research restated a “buy” rating and issued a $50.00 target price on shares of Steven Madden in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.12.

Steven Madden News Roundup

Here are the key news stories impacting Steven Madden this week:

• Positive Sentiment: Quarterly results exceeded expectations: Steven Madden reported adjusted EPS of $0.44, well above the $0.33 analyst consensus and up from $0.20 a year earlier. Revenue rose 19.1% year over year to $665.9 million, surpassing estimates of approximately $635.4 million. Steven Madden Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Improved outlook supports investor confidence: Management issued fiscal 2026 EPS guidance of $2.05 to $2.15 and revenue guidance of approximately $2.8 billion. The results and outlook indicate a meaningful rebound in profitability and sales momentum. Steve Madden Boosts Outlook Amid Strong Quarterly Rebound
• Positive Sentiment: Analyst sentiment strengthened: Telsey Advisory Group raised its price target from $50 to $55 and assigned an “outperform” rating. Needham also reaffirmed its Buy rating with a $52 target, while the broader analyst consensus remains “Moderate Buy.”
• Positive Sentiment: Shareholder return announced: The company declared a quarterly dividend of $0.21 per share, payable September 24 to shareholders of record September 11. The dividend represents an annualized yield of approximately 1.8%.
• Neutral Sentiment: Valuation remains a consideration: Despite the earnings beat and stronger operating momentum, SHOO trades at a relatively elevated earnings multiple, which could limit further gains if future results or guidance disappoint.

About Steven Madden

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.