Lumida
/SHOO
⌘K
Steven Madden Ltd

Steven Madden Ltd

SHOO
$43.42USD↓-0.60%-0.26 today

MARKET CAP

3.2B

P/E (TTM)

27.8x

FWD P/E

17.8x

DAY RANGE

$43 – $44

52W RANGE

$22
$47

AI Summary

Stalk
StalkMedium

SHOO remains in a Stage 2 corrective advance within a larger uptrend. Medium-term bias stays bullish supported by rising 50 DMA and 200 DMA, despite an active Bearish Pivot Point signaling interim structural repair. Short-term conditions—price below declining 9/21/50 EMAs and neutral OB/OS—advise patience and deferment. We will wait for a shallow pullback into the 200 DMA or confluence zone before initiating long exposure.

  • ↑Q1 revenue $653.1M (+18% YoY); DTC revenue $206M (+83.8%).
  • ↑Kurt Geiger acquisition on track to add mid-teen revenue growth.
  • ↓Private label revenue expected to decline ~20% due to tariffs.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Steven Madden, Ltd. (NASDAQ: SHOO) is a leading designer and marketer of trendy footwear and accessories, commonly targeting millennial and Gen Z consumers. The company has seen substantial growth through its flagship Steve Madden brand and the recent acquisition of Kurt Geiger, which enhances its portfolio for international markets, all while operating within the fashion retail industry, witnessing changing consumer preferences and supply chain challenges.

Bull says

  • ↑Q1 revenue $653.1M (+18% YoY); DTC revenue $206M (+83.8%).
  • ↑Kurt Geiger acquisition on track to add mid-teen revenue growth.
  • ↑Positive momentum factors and attractive earnings yield signal market traction.
  • ↑Marketing & DTC push drove 27% jump in brand searches.
  • ↑Gross margin improved to 46.3%; net income $32.1M ($0.45 EPS).
  • ↑Stable leverage and liquidity with $286.5M debt vs $77.2M cash; $0.21 dividend.

Bear says

  • ↓Private label revenue expected to decline ~20% due to tariffs.
  • ↓Operating income down to $46.3M (-17.5% YoY); SG&A and freight pressure margins.
  • ↓Net income $32.1M (-24.5% YoY, $0.45 EPS) highlights profit squeeze.
  • ↓High volatility factors indicate significant share price swings.
  • ↓Institutional ownership fading and short interest elevated.
  • ↓Negative growth and earnings revision factors hint at slowing momentum.

Investment themes with SHOO

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • We got off to a solid start to the year in Q1, with healthy underlying demand across our brands, driven by our team's disciplined execution of our strategy for long-term growth.
  • Our flagship brand, Steve Madden, continued to gain momentum as the on-trend assortments created by Steve and his design team resonated with consumers.
  • We saw strength across classifications, including casuals, dress shoes, and boots, and we capitalized on a variety of trends in style and materials, including split toes, velcro, hidden wedges, mesh, and ballet-inspired looks.

Bear points

  • we saw, as expected, a decline in organic revenue driven by softness in private label and lower Steve Madden handbag revenue in the U.S. wholesale channel. That, combined with SG&A pressure from the normalization of incentive compensation and increased warehouse expenses, resulted in an earnings decline for the quarter.
  • Wholesale footwear revenue was $278.9 million, a 5.8% decrease, or down 12%, excluding Kurt Geiger, primarily driven by a steep decline in the private label business.
  • Operating expenses were $256 million or 39.2% of revenue in the quarter compared to $170.5 million or 30.8% of revenue in the first quarter of 2025, primarily driven by the addition of Kirk Geiger as well as higher incentive compensation and warehouse expenses.
Read full transcript analysis ›