| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 61 | 21.5x | 17.8x | Around median | |
Growth | 63 | 18.2% | 7.1% | Around median | |
Quality | 83 | 11.9% | 4.5% | Top tier | |
Safety | 83 | 1.2x | 2.6x | Top tier | |
Capital Return | 54 | 1.95% | 2.12% | Around median | |
Momentum | 73 | 64.3% | 2.9% | Top tier | |
Sentiment | 38 | 5 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Steven Madden, Ltd. designs, markets, and sells footwear, handbags, accessories, and apparel through brands including Steve Madden, Kurt Geiger London, and Dolce Vita, generating revenue from two primary channels: wholesale and direct-to-consumer. In fiscal Q2 2026, wholesale revenue was $407.5 million, including $240 million from footwear and $167.5 million from accessories and apparel, while direct-to-consumer revenue was $255.4 million, and licensing royalties added $3 million. The company ended the quarter with a network of 382 directly operated stores, including 92 outlets, in addition to 8 e-commerce sites and 164 points of sale operated in international markets.
In fiscal Q2 2026, revenue rose 19.1% to $665.9 million, or 11.2% excluding Kurt Geiger, with wholesale growing 13% and direct-to-consumer growing 30.6%. Adjusted gross margin increased to 46.5% from 41.9%, supported by higher average selling prices, reduced promotional activity, and a lower tariff impact, while wholesale margin was 35.2% and direct-to-consumer margin was 64%. According to EDGAR data, gross profit was $309.7 million, net income was $27.7 million, and earnings per share were $0.38, while the adjusted results discussed by management showed net income of $31.7 million and diluted earnings per share of $0.44.
Trailing twelve-month revenue for 2026 was approximately $2.7 billion, gross profit was $1.3 billion, net income was $147.6 million, and earnings per share were approximately $2.05. By comparison, fiscal 2025 recorded revenue of $2.5 billion, gross profit of $1 billion, and net income of $49 million. The company also ended June 30, 2026, with cash and cash equivalents of $94.7 million and debt of $124.8 million, resulting in net debt of $30.1 million, after using refunds related to the reversal of IEEPA tariffs to reduce debt.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $52 and a range of $45 to $56. The average target is above the 52-week range high of $49.70, but exceeds it by only approximately 4.6%, while the low target is below it; therefore, the valuation assumes continued organic growth and earnings improvement despite the slowdown in Kurt Geiger's contribution and shipping and tariff pressures.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue rose 19.1% to $665.9 million, or 11.2% excluding Kurt Geiger, supported by the branded business and direct-to-consumer channels. Wholesale grew 13% to $407.5 million, while direct-to-consumer increased 30.6% to $255.4 million. The branded wholesale business recorded growth of 20%, while Steve Madden's global comparable sales rose 9% and global searches for the brand increased 71%.
Kurt Geiger helped raise the consolidated growth rate, but Steven Madden's revenue still grew 11.2% in fiscal Q2 2026 even after excluding it. The number of Kurt Geiger full-price stores in the United States reached seven after two stores opened in Tysons Corner and Dadeland, and these stores achieved comparable growth of 12%. The Kensington handbag customization service also generated 17% of handbag sales in stores offering it, and management expects mid-teens comparable revenue growth for the brand during fiscal 2026.
Management expects revenue growth of between 11% and 13% in fiscal 2026, compared with its previous outlook of between 10% and 12%. It also raised its diluted earnings-per-share range to $2.05–$2.15 from $2.00–$2.10. This outlook includes an additional $0.06 per share of pressure in the second half of fiscal 2026 due to higher air freight costs and supply-chain disruption related to the Middle East conflict.
Adjusted gross margin rose to 46.5% from 41.9% in fiscal Q2 2026. Wholesale margin improved to 35.2% from 30.9%, and direct-to-consumer margin increased to 64% from 61.3%, supported by higher average selling prices and reduced promotional activity. Adjusted operating income rose to $44.5 million from $22.6 million, but management expects margin improvement in the second half of fiscal 2026 to be lower than in the first half.
Management expects the private-label business to decline at a mid- to high-teens rate in fiscal 2026, despite high-single-digit growth in the branded business. Shipping costs also added $0.06 per share of pressure to the second-half fiscal 2026 outlook, and the company based its fiscal Q4 2026 outlook on a tariff rate of 15%. In addition, management said fashion cycles are accelerating, making the success of collections and chasing best-selling products critical factors in avoiding increased markdowns.
Net insider sales during the three months ended August 5, 2026, were approximately $2.1 million, with ten sales and no purchases recorded. These data represent a weak trading signal on their own because insider sales may have been executed under prearranged plans, and the context does not specify whether those transactions were. They should therefore be considered alongside fiscal Q2 2026 revenue growth of 19.1% and the increase in the fiscal 2026 earnings-per-share outlook to $2.05–$2.15, rather than as independent evidence of a change in operating performance.
