Steven Madden (SHOO) PT Raised to $43 at BTIG

BTIG analyst Janine Stichter raised the price target on Steven Madden (NASDAQ: SHOO) to $43.00 (from $40.00) while maintaining a Buy rating.

The analyst comments "Q3, while a challenging quarter, likely marked the pressure point in top-line and margin headwinds from tariff disruption. Q4 guidance suggests headwinds moderating and organic rev trends improving meaningfully, as (1) SHOO sees an earlier tariff recovery vs. most peers given the pace it which it tuns inventory, (2) underlying trends are accelerating as SHOO capitalizes on a fashion cycle that is shifting in its favor. Meanwhile, the Kurt Geiger acquisition continues to perform well (Q3 comps up mid-teens), and we continue to believe the brand has potential to add >$0.40 in EPS in '26, as laid out here. While shares have partially recovered, multiples are still similar to peers/history on numbers that appear set to move higher. We lift our price target to $43 from $40 as our estimates move higher largely due to a quicker top-line recovery. Reiterate Buy, PT to $43."

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