Needham Upgrades Steven Madden (SHOO) to Buy

Needham analyst Tom Nikic upgraded Steven Madden (NASDAQ: SHOO) from Hold to Buy.

The analyst comments "Although SHOO shares have bounced significantly since the post-Liberation Day trough, we believe the stock will continue climbing in 2026. We believe the company is a key beneficiary of changing fashion trends (less focus on athleisure, more focus on "dress up"), with a major recovery opportunity in sales, margins, and EPS over the next few years. Additionally. last year's acquisition of the Kurt Geiger brand may yield strong results, as we believe the business is under-earning (both in terms of revenue and margin). We're raising our Q4/FY25 EPS forecasts to the high end of guidance (with potential for further upside if the quarter was better than we thought), now calling for EPS of $0.46/$1.68 respectively (vs. $0.43/$1.65 prior). We're also raising our FY26/27 EPS forecasts to $2.30/$2.67 (from $2.00/$2.16 prior), given greater optimism around the company's margin recapture opportunity."

For an analyst ratings summary and ratings history on Steven Madden click here. For more ratings news on Steven Madden click here.

Shares of Steven Madden closed at $44.03 yesterday.

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