Last Updated: 19 Sep 2024
Executive Summary
Steven Madden Ltd. (SHOO) is a leading footwear retailer with a strong brand presence and a history of consistent financial performance. The company's latest stock price of $47.46 reflects its solid fundamentals and growth potential.
Company Overview
Steven Madden designs, markets, and sells footwear for women, men, and children. Its products are sold through department stores, specialty retailers, and online channels. The company has a strong brand reputation for its stylish and affordable footwear.
Fundamental Analysis
Revenue: Steven Madden's revenue has grown steadily in recent years, reaching $2.15 billion in the trailing twelve months (TTM).
Profitability: The company's profit margin is 8.36%, and its operating margin is 10.2%.
Earnings: Diluted EPS for the TTM is $2.44, representing a 6.5% increase year-over-year.
Valuation: The stock is trading at a trailing PE ratio of 19.45 and a forward PE ratio of 15.06.
Technical Analysis
Trend: The stock is currently in an uptrend, with the 50-day moving average above the 200-day moving average.
Support and Resistance: Support levels are at $45.8 and $42.42, while resistance levels are at $48.59 and $50.
Momentum: The relative strength index (RSI) is above 50, indicating positive momentum.
Short Term Outlook
In the short term, Steven Madden is expected to continue its positive momentum. The company's strong brand, consistent earnings growth, and favorable technical indicators suggest that the stock could continue to rise.
Long Term Outlook
The long-term outlook for Steven Madden is also positive. The company's focus on innovation, expansion into new markets, and e-commerce growth should drive continued revenue and earnings growth in the coming years.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on Steven Madden. However, there is one "Strong Buy" rating and one "Buy" rating, indicating that some analysts are bullish on the stock's long-term potential. The average analyst target price is $45.8.
