Update shared on23 Sep 2025
Fair value Increased 6.67%Analysts have raised their price target for Steven Madden to $30.00, citing faster-than-peer inventory turnover, underappreciated margin recovery potential—including improvements from the Kurt Geiger acquisition—and the prospect of earnings power exceeding $4 per share, which together justify further upside from current valuation levels.
Analyst Commentary
- Steven Madden's fast inventory turnover positions it for a faster recovery from tariff impacts compared to peers.
- EBIT margins, currently modeled at 6%, are seen as structurally under-earning with potential to recover to historical levels of 11%-12%.
- Kurt Geiger, recently acquired, is expected to transition from high single-digit margins to mid-teens margin levels over time, contributing to overall profitability.
- Analysts see realistic potential for earnings power to reach $4+ per share.
- The stock, up from recent lows but still down year-to-date, is trading at 15x 2026 estimates, a valuation considered too low given upside potential.
What's in the News
- The company completed the repurchase of 37,152,860 shares, or 42.05% of shares, for $1,290.53 million under its buyback plan, with no shares repurchased in the most recent quarter.
- Steven Madden was added to several value-oriented Russell indexes, including the Russell 3000 Value, 3000E Value, 2500 Value, 2000 Value, 2000 Value-Defensive, 2500 Value, 3000 Value, and Small Cap Comp Value indexes.
Valuation Changes
Summary of Valuation Changes for Steven Madden
- The Consensus Analyst Price Target has risen from $28.12 to $30.00.
- The Future P/E for Steven Madden has risen from 10.10x to 10.77x.
- The Consensus Revenue Growth forecasts for Steven Madden remained effectively unchanged, at 10.5% per annum.
Disclaimer
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