Loop Capital analyst Laura Champine raised her price target on Steven Madden to $38 and kept her Buy rating, citing the benefits of its "rapid supply chain in on-trend fashion" at its stores and higher growth expectations of its wholesale sales. The analyst expects the company to gain market share with the largest footwear outlets and believes its competitive position with healthy retailers is improving in spite of the latest store closure announcement by Payless, adding that investor concerns about tariff headwinds for the company are also "overblown".