STEVEN MADDEN, LTD.
In the published model solve dated 2026-Q2, anchored at $49.02, STEVEN MADDEN, LTD. (SHOO) is priced for +22.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Steven Madden is extending a fast-fashion footwear brand into a multi-brand, multi-category platform, with Q1 2026 revenue up to $653.1 million and gross margin expanding to 46.3% on higher selling prices and the Kurt Geiger acquisition. • The defining risk is tariffs hitting an overseas-sourced model, with Section 122 duties rising from 10% to 15% mid-year, compressing the trailing operating margin and leaving a price that no static valuation method currently supports. • Watch the operating-m
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266 institutional managers reported holding SHOO in 13F filings for the quarter ended 2026-03-31. 46 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (4.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SHOO has cut its share count 9.8% over the past five years, spending $576.50M on repurchases. It pays a dividend, and has for 8 years running; the current rate is $0.84 a share annually. Cash returned over the past three years: $168.57M in dividends and $197.44M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SHOO over the trailing three years: 2025: 2 buys totaling $207k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SHOO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-02 | +6.4% | -11.7% |
| 2023-05-11 | +0.7% | +1.2% |
| 2023-08-05 | +9.6% | -13.3% |
| 2023-11-10 | -1.5% | +26.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SHOO's latest 8-K filings: 2026-07-30 (items 2.02, 5.02, 8.01, 9.01); 2026-05-21 (items 5.07); 2026-05-06 (items 2.02, 8.01, 9.01); 2026-02-25 (items 2.02, 8.01, 9.01); 2026-01-09 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.