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Investing.com - UBS raised its price target on Steven Madden (NASDAQ:SHOO) to $26.00 from $23.00 on Monday, while maintaining a Neutral rating on the footwear company’s stock. The stock currently trades at $27.12, with a P/E ratio of 11.5x and a 3.1% dividend yield, having maintained dividend payments for 8 consecutive years. According to InvestingPro analysis, the stock appears undervalued at current levels.
The price target adjustment comes as UBS reports its channel checks indicate a "lackluster consumer spending environment for fashion footwear" ahead of Steven Madden’s second-quarter 2025 earnings report, scheduled in just 2 days. With over 8 additional exclusive InvestingPro insights available, investors can access comprehensive analysis before this crucial earnings announcement.
UBS noted that ongoing tariff uncertainty will likely prevent Steven Madden from reinstating its fiscal year 2025 earnings per share guidance, an outcome the firm believes investors already anticipate.
The investment bank suggested that if Steven Madden does offer new guidance, it could project fiscal year 2025 earnings per share in the range of $1.30-$1.40, which would bracket the Street’s current expectation of $1.39.
The options market is pricing in a potential 8.8% move in either direction for Steven Madden stock following its earnings report, significantly higher than the historical average movement of 4.2%, though UBS expects less volatility than the options market implies.
In other recent news, Steven Madden has seen a series of analyst upgrades and assessments reflecting various strategic moves and market conditions. Citi upgraded the company’s stock to Buy, with a new price target of $32.00, citing expectations of margin recovery by fiscal 2026 after navigating high China tariff rates. BTIG also reiterated its Buy rating with a $38.00 price target, noting effective tariff management strategies by the company’s executives. Williams Trading upgraded the stock from Hold to Buy, setting a price target of $31.00, influenced by positive trends in women’s dress shoes and western boots observed at a recent shoe show.
Conversely, Piper Sandler maintained a Neutral rating with a $25.00 price target, acknowledging Steven Madden’s efforts to diversify its manufacturing base outside China, which could reduce supply chain disruptions. UBS also kept a Neutral rating, with a $23.00 price target, expressing concerns over the growth rate in the women’s fashion footwear sector and potential impacts of recent price increases. These developments highlight varied perspectives on Steven Madden’s strategic maneuvers and market positioning.
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