Zacks Industry Outlook Adidas, Skechers, Steven Madden, Carter's and Wolverine World Wide
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
0mins
Source: NASDAQ.COM
Industry Overview: The Zacks Shoes and Retail Apparel industry is experiencing growth due to rising consumer interest in activewear and footwear, driven by product innovation and e-commerce investments. However, challenges such as rising costs and reduced discretionary spending are impacting profits.
Company Performance: Key players like Adidas, Skechers, Steven Madden, Carter's, and Wolverine World Wide are focusing on expanding their product lines and enhancing digital capabilities, with varying degrees of success reflected in their sales and earnings estimates for 2025.
Analyst Views on SHOO
Wall Street analysts forecast SHOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHOO is 48.00 USD with a low forecast of 41.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 45.220
Low
41.00
Averages
48.00
High
52.00
Current: 45.220
Low
41.00
Averages
48.00
High
52.00
About SHOO
Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Company’s Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. Its Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products, primarily consisting of handbags and apparel, to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. Its Direct-to-Consumer segment engages in the sale of footwear, handbags, apparel, and other accessories. Its Licensing segment engages in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessories, and home categories as well as various other non-core products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
