Steven Madden Stock Earns Buy Rating with $34 Price Target

BTIG reiterated its Buy rating on Steven Madden stock, setting a price target of $34. Analyst Janine Stichter sees the company well-positioned to navigate ongoing tariff volatility, potentially emerging stronger than retail peers. Q2 FY2025 results showed 6.8% revenue growth, driven by the Kurt Geiger acquisition and a 43.3% increase in the D2C segment. The price target indicates an 18.72% upside, while the average analyst estimate suggests a 5.73% downside.

On July 2, 2025, BTIG reiterated its Buy rating on Steven Madden Ltd. (Symbol: SHOO), setting a price target of $34. Analyst Janine Stichter sees the company well-positioned to navigate ongoing tariff volatility and potentially emerge stronger than retail peers. This positive outlook is supported by the company's Q2 FY2025 results, which showed 6.8% revenue growth, driven by the Kurt Geiger acquisition and a 43.3% increase in the D2C segment [3].

The price target of $34 indicates an 18.72% upside from the current price of $28.40, while the average analyst estimate suggests a 5.73% downside. This discrepancy highlights the differing views on Steven Madden's potential growth and resilience in the face of economic uncertainties.

Steven Madden's stock has been volatile, with 20 moves greater than 5% in the past year. However, the recent 4.1% jump in the afternoon session was attributed to broad market rally following comments from Federal Reserve Chair Jerome Powell suggesting potential interest rate cuts and strong retail sales data [2]. This optimism in the market provided a lift to equities across the board, including Steven Madden.

Historically, dividends have provided a considerable share of the stock market's total return. Steven Madden's quarterly dividend, annualized to $0.84, yields above the 3% mark, making it an attractive option for income-oriented investors [1]. However, the sustainability of this yield is dependent on the company's profitability and dividend policy.

In comparison, Deckers Outdoor Corporation's DECK international business has been a core growth engine, with HOKA and UGG delivering exceptional momentum abroad. In the first quarter of fiscal 2026, international revenues rose 49.7% year over year to $463.3 million [3]. This international growth is a significant factor in Deckers' overall performance and resilience.

Steven Madden, like other footwear companies, faces challenges from tariffs and trade tensions. However, the company's strong international performance and strategic acquisitions, such as Kurt Geiger, position it well to navigate these challenges. The Q2 FY2025 results demonstrate that Steven Madden is not only surviving but thriving in the current economic environment.

In conclusion, BTIG's Buy rating and price target of $34 reflect a positive outlook on Steven Madden's ability to navigate ongoing tariff volatility and emerge stronger than retail peers. The company's strong international performance and strategic acquisitions support this optimistic view. However, investors should remain vigilant and monitor the company's performance and the broader economic conditions.

References:
[1] https://www.nasdaq.com/articles/steven-madden-shoo-passes-through-3-yield-mark
[2] https://www.tradingview.com/news/stockstory:7d04568a4094b:0-steven-madden-shoo-stock-is-up-what-you-need-to-know/
[3] https://www.tradingview.com/news/zacks:eaf2892d0094b:0-will-hoka-ugg-s-global-surge-propel-deck-s-sales-mix-toward-50/