Brand momentum - Co said the Steve Madden brand continued to gain momentum as consumers responded to trend-right assortments, per CEO Edward Rosenfeld
Higher selling prices - Co said higher average selling prices and reduced promotional activity drove improved gross margins in both wholesale and direct-to-consumer channels
Channel growth - Co said both wholesale and direct-to-consumer channels delivered strong revenue growth in Q2
Analyst view and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the footwear peer group is "buy"
Wall Street's median 12-month price target for Steven Madden Ltd is $49.00, about 12.9% above its July 29 closing price of $43.40
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago
Guidance raised for fiscal 2026
Steven Madden raises fiscal 2026 revenue growth guidance to 11%-13% from 10%-12%
Company increases fiscal 2026 adjusted diluted EPS guidance to $2.05-$2.15 from $2.00-$2.10
Steven Madden maintains fiscal 2026 GAAP diluted EPS guidance at $2.55-$2.65
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