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Steven Madden Ltd (SHOO) is not a strong buy for a beginner, long-term investor at this moment. The stock lacks significant positive momentum, faces wholesale pressures, and has mixed analyst sentiment. While there is potential for recovery in the fashion sector and benefits from the Kurt Geiger acquisition, the current technical and financial indicators do not support an immediate buy decision.
The MACD is negative and contracting (-0.578), RSI is neutral at 48.771, and moving averages are converging. The stock is trading near its pivot level of 39.993, with key resistance at 44.955 and support at 35.031. These indicators suggest a lack of clear upward momentum.

Analysts like Needham and Telsey Advisory have upgraded the stock with price targets of $50, citing favorable fashion trends and a diversified supply chain.
Jefferies downgraded the stock to Underperform with a $30 price target, citing wholesale pressures and resistance to price increases. Financial performance in Q3 2025 showed a significant drop in net income (-62.86% YoY) and EPS (-62.34% YoY), with only modest revenue growth (6.92% YoY).
In Q3 2025, revenue increased by 6.92% YoY to $667.88M, but net income dropped significantly by 62.86% YoY to $20.53M. EPS also fell by 62.34% YoY to 0.29, and gross margin slightly declined to 41.27%.
Analyst sentiment is mixed. Jefferies downgraded the stock to Underperform with a $30 target, citing wholesale pressures. However, Needham, Telsey Advisory, and BTIG have upgraded the stock with price targets ranging from $50 to $52, citing favorable fashion trends, supply chain diversification, and recovery potential.