BTIG Reaffirms Buy Rating on Steven Madden with $34 Price Target

BTIG analyst Janine Stichter reaffirmed a Buy rating on Steven Madden with a price target of $34.00. The company reported Q2 revenue of $559 million and a GAAP net loss of $37.88 million. Based on recent corporate insider activity, sentiment is neutral. Stichter is a 4-star analyst with an average return of 5.5% and a 41.59% success rate.

Steven Madden Ltd. has reported its Q2 2025 financial results, revealing a revenue of $559 million and a GAAP net loss of $37.88 million. The company's quarterly earnings report, filed with the SEC, provides a detailed breakdown of its financial performance [1].

The revenue figure marks a significant increase from the previous quarter, indicating robust sales growth. However, the net loss suggests operational challenges or investments in growth initiatives. The company's financials also show a substantial increase in non-controlling interest and a decrease in retained earnings, reflecting complex financial transactions and strategic moves [1].

BTIG analyst Janine Stichter has reaffirmed her Buy rating on Steven Madden, setting a price target of $34.00. Stichter, known for her 4-star analyst rating and an average return of 5.5%, cited the company's strong revenue performance and potential for future growth as reasons for her optimistic outlook. She also noted that recent corporate insider activity shows a neutral sentiment [2].

The company's operating segments include wholesale footwear, wholesale accessories and apparel, retail, and licensing. The revenue breakdown across these segments highlights the company's diverse product offerings and market presence. The company's financials also indicate a significant investment in trademarks, customer relationships, and other intangible assets, reflecting its focus on brand development and customer loyalty [1].

In conclusion, Steven Madden's Q2 2025 financial results show a mix of positive and challenging indicators. The company's strong revenue growth and strategic investments position it for future growth, while the net loss and operational challenges suggest areas for improvement. Investors should closely monitor the company's financial performance and strategic initiatives in the coming quarters.

References:
[1] https://www.stocktitan.net/sec-filings/SHOO/10-q-steven-madden-ltd-quarterly-earnings-report-42e536f5ad45.html
[2] BTIG Research Report on Steven Madden, July 2025