Steven Madden (SHOO) Stock Forecast & Price Target

Steven Madden Ltd has demonstrated robust growth potential, particularly through its wholesale accessories/apparel segment, which surged 54.2% to $196.4 million, significantly contributing to overall revenue. The company projects a strong revenue growth rate of 17%-19% year-over-year, bolstered by the acquisition of Almost Famous, and anticipates earnings per share (EPS) between $2.30 and $2.40. Additionally, the steady increase in international revenue, which rose 11% year-over-year, alongside a consistent high teens compound annual growth rate (CAGR) since 2019, underscores a positive trajectory for the company’s expansion in global markets.

Steven Madden Ltd is facing a projected decline in EPS of 30%-35% year-over-year for Q1, largely due to a challenging comparison against the prior year and increased marketing expenditures. The company's wholesale footwear segment has already reported a revenue drop of 2.2%, indicating potential ongoing struggles in the wholesale environment, which constitutes a significant portion of its overall revenue. Furthermore, the company anticipates EPS for FY25 to be lower than previous estimates, with forecasts down to $2.35 from $2.89, amidst cautious sentiment regarding market conditions and weakening consumer confidence.