Steven Madden, Ltd. (SHOO) Stock Price & Analysis
Steven Madden, Ltd. (SHOO) closed at USD 44.42 on Thursday, October 22, 2026, down 0.59% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 44.69; the Oct 22, 2026 session ranged USD 43.3–44.79 on volume of 1,372,020 shares. Market capitalization is $3.25B, with a 52-week range of USD 31.33–49.7 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SHOO.md
Key facts (SHOO)
- Last four reported quarters (through Jun 30, 2026): revenue $2.74B, net income $148M (5.4% margin), free cash flow $224M (SEC filings).
- Valuation: P/E 22.0x (avg 32.0x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 12 Form 4 filings, $2.3M; 12 not under a Rule 10b5-1 plan ($2.3M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (9 analysts), mean target USD 52.11 (range 36–60).
- Total return with dividends: 1Y +27.3% vs S&P 500 +14.9%; 5Y +11.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.75, revenue estimate $778M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SHOO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.12B | $1.98B | $2.28B | $2.53B | $2.74B |
| Gross profit | $767M | $874M | $832M | $937M | $1.05B | — |
| Operating income | $244M | $282M | $213M | $225M | $80.8M | $206M |
| Net income | $192M | $217M | $174M | $176M | $49.0M | $148M |
| EPS (diluted) | $2.34 | $2.77 | $2.30 | $2.35 | $0.63 | — |
| Free cash flow | $153M | $252M | $210M | $172M | $120M | $224M |
| Gross margin | 41.1% | 41.2% | 42.0% | 41.0% | 41.4% | — |
| Operating margin | 13.1% | 13.3% | 10.8% | 9.9% | 3.2% | 7.5% |
| Net margin | 10.3% | 10.2% | 8.8% | 7.7% | 1.9% | 5.4% |
| Revenue growth | +55.3% | +13.7% | -6.6% | +15.2% | +11.0% | — |
| Cash + short-term investments | $264M | $290M | $220M | $203M | $112M | — |
| Total debt | — | — | — | $0K | $234M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SHOO)
P/E 22.0x · P/S 1.2x · P/FCF 14.5x · P/B 3.5x · FCF yield 6.90% · Earnings yield 4.54% · Dividend yield (paid, TTM) 1.88% · Buyback yield (TTM) 0.42%
P/E at fiscal year-ends: Dec 2025 60.5x, Dec 2024 17.4x, Dec 2023 18.0x.
Insider sales (SEC Form 4, open-market, last ~7 months) (SHOO)
0 of 12 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-05 | Varela Amelia | President | 15,000 | $729K | 7.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-05 | Reed Arian Simone | Director | 1,250 | $61K | 13.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-05 | Klipper Mitchell S | Director | 3,918 | $190K | 10.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-04 | Ferrara Al | Director | 3,918 | $189K | 13% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-04 | Davis Peter Allan | Director | 525 | $25K | 9.3% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-06-15 | Migliorini Peter | Director | 4,000 | $181K | 19.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-15 | Reed Arian Simone | Director | 1,100 | $50K | 10.4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-09 | Ciglar Christina | Chief Product Officer | 5,147 | $230K | 12.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-04 | Reed Arian Simone | Director | 475 | $21K | 4.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-03 | Varela Amelia | President | 10,000 | $434K | 4.6% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-22 | Davis Peter Allan | Director | 3,030 | $127K | 34.9% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-20 | Reed Arian Simone | Director | 648 | $26K | 5.6% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SHOO)
Consensus Buy (mean 2.00 on a 1–5 scale), 9 analysts; mean target USD 52.11 (low 36, high 60).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-09 | BMO Capital | Initiated | Outperform | $60 |
| 2026-08-05 | Piper Sandler | Target raised | Overweight | $50 → $55 |
| 2026-07-31 | UBS | Target raised | Neutral | $40 → $45 |
| 2026-07-31 | Citigroup | Target raised | Buy | $45 → $55 |
| 2026-07-30 | BTIG | Target raised | Buy | $50 → $55 |
| 2026-07-27 | BTIG | Reiterated | Buy | $50 |
Total return (dividends reinvested) (SHOO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +27.3% | +11.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.4% | +2.3% |
| Volatility (annualized) | 41.3% | 37.2% |
| Max drawdown | -31.7% (Jan 2026→Mar 2026) | -59.2% (Sep 2024→Apr 2025) |
SHOO revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Direct-to-Consumer | $255.4M | 38.4% | +30.6% |
| Wholesale Footwear | $240.0M | 36.0% | +9.0% |
| Wholesale Accessories/Apparel | $167.5M | 25.1% | +19.2% |
| Licensing | $3.0M | 0.4% | +1.4% |
| Total revenue | $665.9M | 100% | — |
SHOO revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Domestic | $421.0M | 63.2% | +14.4% |
| International | $244.9M | 36.8% | +28.3% |
| Geographical | $70.8M | 10.6% | -4.6% |
| Total revenue | $665.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SHOO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Designer Brands Inc. (DBI) | “For the year ended December 31, 2025, our top ten wholesale channel customers, in no particular order, included: Nordstrom, Macy's, Dillard's, Designer Brands, The TJX Companies, Ross Stores, Burlington Stores, Amazon, Walmart, and Target.” |
| Customer | Amazon (AMZN) | “For the year ended December 31, 2025, our top ten wholesale channel customers, in no particular order, included: Nordstrom, Macy's, Dillard's, Designer Brands, The TJX Companies, Ross Stores, Burlington Stores, Amazon, Walmart, and Target.” |
| Customer | Walmart (WMT) | “For the year ended December 31, 2025, our top ten wholesale channel customers, in no particular order, included: Nordstrom, Macy's, Dillard's, Designer Brands, The TJX Companies, Ross Stores, Burlington Stores, Amazon, Walmart, and Target.” |
| Customer | Betsey Johnson | “We continue to promote our e-commerce platforms, through which customers can purchase Steve Madden®, Kurt Geiger London®, Dolce Vita®, Betsey Johnson®, Carvela®, Blondo®, and ATM® products.” |
| Partner | SM Distribution Israel | “our joint ventures in South Africa, the Middle East, Israel, Australia, various countries in Europe, Latin America, and certain countries in Asia, ship directly to the respective countries and territories.” |
| Partner | SM Fashion Australia Pty | “our joint ventures in South Africa, the Middle East, Israel, Australia, various countries in Europe, Latin America, and certain countries in Asia, ship directly to the respective countries and territories.” |
Quoted from the company's 10-K filed Mar 2, 2026.
SHOO customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Mar 2, 2026. The company does not name it.
SHOO company outlook (results filed Jul 30, 2026)
- “Reaffirms GAAP Diluted EPS Guidance ~ ~ Announces Appointment of Ken Pilot to Board of Directors ~ LONG ISLAND CITY, N.Y., July 30, 2026 – Steven Madden, Ltd.”
Quoted word-for-word from the SEC 8-K results press release.
SHOO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.75 | $0.63 | +18.2% | $778.0M | 8 |
| Next quarter (ends Dec 2026) | $0.57 | $0.74 | -22.8% | $782.4M | 8 |
| Current fiscal year (ends Dec 2026) | $2.19 | $2.13 | +3.1% | $2.88B | 9 |
| Next fiscal year (ends Dec 2027) | $2.73 | $2.70 | +1.0% | $3.11B | 9 |
SHOO options: expected move
Options price a move of about ±10.9% (±$4.85) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±8.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 48.8% | ±10.9% |
| Dec 18, 2026 | 56 | 44.5% | ±14.0% |
| Jan 15, 2027 | 84 | 43.7% | ±16.7% |
| Mar 19, 2027 | 147 | 46.5% | ±23.2% |
| Jun 17, 2027 | 237 | 44.4% | ±27.9% |
30-day implied volatility 47.8% vs 29.2% realized over the last 30 trading days. Put/call ratio (volume) 0.17. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 44.42 |
|---|---|
| Change | ▼ 0.59% (down) |
| Previous Close | USD 44.69 |
| Open | USD 44.03 |
| Day Range | USD 43.3 – 44.79 |
| 52-Week Range | USD 31.33 – 49.7 |
| Volume | 1,372,020 shares |
| Market Cap | $3.25B |
| Exchange | NMS |
Technical Analysis (SHOO)
Nexqual's technical model rates SHOO "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 48.11 (neutral) |
| vs SMA50 | Above (USD 44.4) |
| MACD | 0.2 (positive) |
Analyst Ratings (SHOO)
Wall Street analysts rate SHOO "Buy" based on 9 analysts, with a mean price target of USD 52.11 (range USD 36–60), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 52.11 |
| High Target | USD 60 |
| Low Target | USD 36 |
| Buy / Hold / Sell | 7 / 1 / 1 |
Earnings (SHOO)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.75 |
| Revenue Estimate | $777.97M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.44 vs est 0.33 ▲ beat |
| 2026-03-31 | USD 0.45 vs est 0.37 ▲ beat |
| 2025-12-31 | USD 0.48 vs est 0.47 ▲ beat |
| 2025-09-30 | USD 0.43 vs est 0.45 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (SHOO)
| Total Revenue | $2.74B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.10% |
| Gross Margin | +46.95% |
| Operating Margin | +6.69% |
| Profit Margin | +5.23% |
| ROE | +15.91% |
| Debt / Equity | 0.39 |
| Current Ratio | 1.91 |
| Total Cash | $94.74M |
| Total Debt | $377.14M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $224.27M (8.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (SHOO)
Nexqual rates Steven Madden, Ltd.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 47%, operating 7% (last 12 months) |
| Balance Sheet | Solid — $112M cash and investments vs $234M debt (Dec 2025, SEC) |
| Cash Flow | Solid — FCF $224M (last 4 quarters to Jun 2026, SEC), 8% margin |
| Efficiency | Solid — ROE 16%, ROA 8.1% |
Ownership (SHOO)
| Insider Ownership | +2.17% |
|---|---|
| Institutional Ownership | +102.52% |
| Shares Outstanding | 73.18M |
| Float | 71.47M |
| Short % of Float | +10.12% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (SHOO)
Steven Madden, Ltd. is led by Edward R. Rosenfeld, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:16 UTC.
| Chairman & CEO | Edward R. Rosenfeld |
|---|---|
| President, COO & Director | Amelia Newton Varela |
| CFO & Executive VP of Operations | Zine Mazouzi |
| Vice President of Corporate Development & Investor Relations | Danielle Marie McCoy |
| Chief Product Officer | Christina Ciglar |
Major Backers & Investors (SHOO)
Notable institutional backers of Steven Madden, Ltd. include FMR, LLC, Nomura Asset Management International Inc, Fidelity, according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 9.73% |
| Nomura Asset Management International Inc | 3.67% |
| Fidelity | 3.55% |
| Goldman Sachs | 3.11% |
| T. Rowe Price | 2.6% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.46% |
| Vanguard Group | 10.76% |
| State Street | 3.96% |
| Dimensional Fund Advisors | 3.3% |
| Geode Capital | 2.61% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From Steven Madden, Ltd.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- Substantially all of our North American wholesale businesses, our European business, as well as our Asia sourcing operations, are operated through this ERP system. •Warehouse Management System ("WMS").
- We utilize a reputable cloud-based solution to support our growing e-commerce business and to allow us to offer an omnichannel and seamless retail experience to our customers. •Ancillary Systems and Third-Party Services.
- Our stores also serve as a marketing tool that allows us to strengthen global brand recognition and to showcase selected items from our full line of branded and licensed products.
- To meet this objective, we have developed what we believe is an unparalleled design team and product development process.
Partnerships
- In January 2018, we entered into a license agreement with WHP Global to use the Anne Klein®, AK Sport®, AK Anne Klein Sport®, and Lion Head Design® (collectively "Anne Klein®") trademarks in connection with the design, marketing, and sale of footwear and accessories products.
Legal & Regulatory Risks (Item 1A, quoted)
- Our global operations expose us to a variety of legal, regulatory, political, and economic risks that may adversely impact our results of operations in certain regions.
- Our business could be adversely affected by data security breaches or privacy failures involving our systems or those of our third-party partners.
- Failure to adequately protect our trademarks and intellectual property rights, to prevent counterfeiting of our products, or to defend claims against us related to our trademarks and intellectual property rights could reduce sales and adversely affect the value of our brands.
- Litigation or other legal proceedings could divert management resources and result in costs that adversely affect our operating results from quarter to quarter.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BIRK | Birkenstock Holding plc | USD 33.68 | ▲ 4.21% |
| CROX | Crocs, Inc. | USD 120.99 | ▲ 2.11% |
| WWW | Wolverine World Wide, Inc. | USD 20.68 | ▲ 2.83% |
| ONON | On Holding AG | USD 34 | ▼ 0.64% |
| DECK | Deckers Outdoor Corporation | USD 85.28 | ▼ 0.25% |
| WEYS | Weyco Group, Inc. | USD 51.84 | ▲ 2.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt