Steven Madden price target lowered to $35 from $40 at Loop Capital

Loop Capital lowered the firm’s price target on Steven Madden (SHOO) to $35 from $40 and keeps a Hold rating on the shares after its Q4 results and guidance. The company provided a muted outlook for Q1, with the quarter expected to see a 30%-35% EPS decline on a reversal in recent growth in accessories, the analyst tells investors in a research note. Loop adds that it is cutting its gross margin estimate by 160 bps, largely on tariff impact.