Piper Sandler has adjusted its price target for Steven Madden (SHOO, Financial), reducing it from $35 to $25 while maintaining a Neutral rating on the company's shares. This decision comes in response to substantial tariff impacts, including a 145% tariff on goods from China and a 10% tariff on imports from other countries. These tariffs are anticipated to influence the company's earnings significantly.
The investment firm has revised its earnings per share (EPS) projections for Steven Madden, predicting a 14% reduction on average for 2025 and 2026. This revision follows the expectation that 25% of the increased cost pressures will affect the company's profit and loss statements. In addition to these cost concerns, Piper Sandler also lowered its sales forecasts for the company, citing the likelihood of reduced demand in a potential recessionary environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Steven Madden Ltd (SHOO, Financial) is $35.89 with a high estimate of $46.00 and a low estimate of $24.00. The average target implies an upside of 69.45% from the current price of $21.18. More detailed estimate data can be found on the Steven Madden Ltd (SHOO) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Steven Madden Ltd's (SHOO, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Steven Madden Ltd (SHOO, Financial) in one year is $53.18, suggesting a upside of 151.09% from the current price of $21.18. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Steven Madden Ltd (SHOO) Summary page.
