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Steven Madden Ltd (SHOO)

Upturn stock ratingUpturn stock rating
$38.24
Delayed price
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

02/11/2025: SHOO (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -9.39%
Avg. Invested days 36
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/11/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.72B USD
Price to earnings Ratio 15.72
1Y Target Price 43
Price to earnings Ratio 15.72
1Y Target Price 43
Volume (30-day avg) 675032
Beta 1.1
52 Weeks Range 36.40 - 49.77
Updated Date 02/10/2025
52 Weeks Range 36.40 - 49.77
Updated Date 02/10/2025
Dividends yield (FY) 2.26%
Basic EPS (TTM) 2.4

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 7.68%
Operating Margin (TTM) 13.42%

Management Effectiveness

Return on Assets (TTM) 11.3%
Return on Equity (TTM) 20.44%

Valuation

Trailing PE 15.72
Forward PE 12.38
Enterprise Value 2696792182
Price to Sales(TTM) 1.23
Enterprise Value 2696792182
Price to Sales(TTM) 1.23
Enterprise Value to Revenue 1.21
Enterprise Value to EBITDA 10.38
Shares Outstanding 72191000
Shares Floating 70612928
Shares Outstanding 72191000
Shares Floating 70612928
Percent Insiders 6.03
Percent Institutions 104.82

AI Summary

Steven Madden Ltd.: A Comprehensive Overview

Company Profile

Detailed history and background:

  • Founded in 1990 by Steve Madden, the company started as a small wholesale shoe business.
  • Achieved rapid growth in the 1990s through trendy and affordable footwear designs.
  • Faced challenges in the early 2000s due to legal issues and market saturation.
  • Rebounded through strategic acquisitions, product diversification, and expansion into international markets.

Core business areas:

  • Design, manufacture, and distribution of footwear, handbags, and accessories.
  • Products cater to women, men, and children.
  • Focus on fashion-forward styles at accessible prices.
  • Operates through various brands, including Steve Madden, Betsey Johnson, and Dolce Vita.

Leadership team and corporate structure:

  • Executive Chairman and Chief Creative Officer: Steve Madden
  • President and Chief Executive Officer: Edward Rosenfeld
  • Chief Financial Officer: Marc Schneider
  • Board of Directors: Comprises individuals with extensive experience in retail, fashion, and finance.

Top Products and Market Share

Top Products:

  • Women's fashion footwear
  • Handbags
  • Accessories (jewelry, sunglasses, belts)
  • Men's footwear
  • Children's footwear

Market Share:

  • Holds a significant market share in the women's fashion footwear segment in the US.
  • Global market share varies depending on product category and region.
  • Faces competition from numerous brands, including established players and fast-fashion retailers.

Product Performance and Market Reception:

  • Products are generally well-received for their trendiness and affordability.
  • Has a strong reputation for design and innovation.
  • Faces challenges due to fast-changing fashion trends and intense competition.

Total Addressable Market

The global footwear market is estimated to be worth over $300 billion. The US market represents a significant portion of this, with an estimated value of over $75 billion. This vast market offers substantial opportunities for growth.

Financial Performance

Recent Financial Statements:

  • Revenue: Steady growth in recent years, exceeding $1.5 billion in 2022.
  • Net Income: Profitability has fluctuated but remained positive in recent years.
  • Profit Margins: Gross margins around 40%, operating margins around 10%.
  • Earnings per Share (EPS): EPS has shown consistent growth, exceeding $3 per share in 2022.

Year-over-Year Comparison:

  • Revenue and EPS have shown consistent year-over-year growth in recent years.
  • Profit margins have remained relatively stable.

Cash Flow and Balance Sheet:

  • The company has a healthy cash flow position, generating significant operating cash flow.
  • Balance sheet shows moderate debt levels with sufficient liquidity.

Dividends and Shareholder Returns

Dividend History:

  • Pays a quarterly dividend with a recent yield of approximately 1%.
  • Payout ratio has historically been moderate, allowing for potential future increases.

Shareholder Returns:

  • Total shareholder returns have been positive over the past year, exceeding 20%.
  • Over longer periods, returns have been mixed, reflecting the company's cyclical nature.

Growth Trajectory

Historical Growth:

  • Revenue and earnings have grown significantly over the past decade.
  • The company has expanded its product offerings and entered new markets.

Future Growth Projections:

  • Industry analysts project continued growth in the footwear market.
  • Steven Madden is expected to benefit from this growth and its brand recognition.
  • New product launches and strategic partnerships could further drive growth.

Market Dynamics

Industry Trends:

  • Growing demand for comfortable and stylish footwear.
  • Increasing adoption of online shopping for apparel and footwear.
  • Emerging trends like athleisure and personalization.

Steven Madden's Positioning:

  • Well-positioned to capitalize on growing demand for fashionable footwear.
  • Strong online presence and omnichannel strategy.
  • Adaptable to changing trends through design innovation.

Competitors

Key Competitors:

  • Brown Shoe Company (BWS)
  • Skechers (SKX)
  • VF Corporation (VFC)
  • Caleres (CAL)
  • Wolverine Worldwide (WWW)

Market Share Comparison:

  • Steven Madden holds a leading market share in the women's fashion footwear segment, competing closely with Brown Shoe Company and Skechers.
  • Market share in other segments varies depending on the product category and competitor.

Competitive Advantages:

  • Strong brand recognition and reputation for design
  • Extensive product offerings across various styles and categories
  • Focus on both online and brick-and-mortar distribution channels

Competitive Disadvantages:

  • Some competitors have larger scale and broader product portfolios.
  • Susceptibility to fast-changing fashion trends and competition
  • Dependence on wholesale partnerships and third-party manufacturers

Potential Challenges and Opportunities

Key Challenges:

  • Maintaining brand relevance and staying ahead of fashion trends
  • Managing supply chain disruptions and cost inflation
  • Increasing competition from both established players and fast-fashion retailers

Potential Opportunities:

  • Expanding into new markets, particularly international markets with high growth potential
  • Innovation in product design and materials to cater to evolving consumer preferences
  • Collaborations with influencers and other brands to enhance brand awareness and reach new customer segments

Recent Acquisitions (last 3 years)

  • 2021: Authentic Brands Group (ABG) acquired the intellectual property of the bankrupt Lucky Brand for an undisclosed amount.
  • 2020: The company acquired BB Dakota, a California-based women's clothing brand, and BCBGMAXAZRIA Group, a renowned fashion brand, for approximately $29 million.

These acquisitions expand the company's product portfolio to include apparel, broaden its customer base, and strengthen its presence in the women's contemporary fashion market.

AI-Based Fundamental Rating

Rating: 8/10

Justification:

  • Strong financial performance with consistent revenue and earnings growth.
  • Healthy cash flow generation and moderate debt levels.
  • Leading market share in the women's fashion footwear segment.
  • Well-positioned to capitalize on growing industry trends.
  • Potential for future growth through product innovation and market expansion.

However, some risks remain, including intense competition, dependence on wholesale partnerships, and vulnerability to fashion trends.

Sources and Disclaimers

This analysis relies on information from public sources, including:

It is crucial to conduct further research and due diligence before making any investment decisions. This information should not be considered financial advice.

About Steven Madden Ltd

Exchange NASDAQ
Headquaters Long Island City, NY, United States
IPO Launch date 1993-12-10
Chairman & CEO Mr. Edward R. Rosenfeld
Sector Consumer Cyclical
Industry Footwear & Accessories
Full time employees 2900
Full time employees 2900

Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands. The Wholesale Accessories/Apparel segment offers handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories under the Steve Madden, Anne Klein, Betsey Johnson, and Dolce Vita brands. The Direct-to-Consumer segment operates Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores and concessions, and digital e-commerce websites. The Licensing segment engages in the licensing of the Steve Madden and Betsey Johnson trademarks for the sale of select apparel, accessory, home categories, and other non-core products. In addition, the company distributes its products in the wholesale channel through department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. Further, it markets its products and services through digital brand marketing, social media and influencer marketing, experiential events, in-store and online promotions, and public relations. The company was incorporated in 1990 and is headquartered in Long Island City, New York.

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