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Steven Madden, Ltd. (SHOO)

  • Fri, Nov. 20, 10:09 AM
    • Strong earning reports from Foot Locker (FL +7.9%), Hibbett Sports (HIBB +4.7%), Sportsman's Warehouse Holdings (SPWH +19.6%) seem to be reverberating around the sportswear/footwear sector.
    • Lululemon (LULU +5.3%), Big Five Sporting Goods (BGFV +2.4%), Skechers (SKX +4.4%), Columbia Sportswear (COLM +4.1%), Under Armour (UA +3.6%), V.F. Corp (VFC +1.7%), Steven Madden (SHOO +3.5%), Crocs (CROX +2.2%), and Wolverine Worldwide (WWW +3.3%) are all solidly higher.
    • Cabela's (CAB +7.2%) is higher off more merger speculation, while Nike (NKE +5%) gave investors plenty of reasons to smile last night on the buybacks and dividend front.
    • Dick's Sporting Goods (DKS -0.2%) hasn't joined the sportswear party quite yet as the company's large retail footprint continues to dampen enthusiasm.
    | Fri, Nov. 20, 10:09 AM | 3 Comments
  • Thu, Oct. 29, 7:01 AM
    • Steven Madden (NASDAQ:SHOO): Q3 EPS of $0.70 beats by $0.03.
    • Revenue of $413.46M (+5.5% Y/Y) misses by $2.7M.
    • Press Release
    | Thu, Oct. 29, 7:01 AM | Comment!
  • Wed, Oct. 28, 5:30 PM
  • Fri, Oct. 23, 10:37 AM
    • Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
    • Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
    • Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
    • Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
    | Fri, Oct. 23, 10:37 AM | 28 Comments
  • Wed, Oct. 14, 7:51 AM
    • Piper Jaffray is out with its latest survey on the brand preferences of teenagers.
    • Steven Madden (NASDAQ:SHOO) grabbed more "mindshare" from upper-income females amid an overall stable performance. Piper reiterates SHOO with an Overweight rating, but slides its price target to $44 from $47.
    • Wolverine Worldwide (NYSE:WWW) is given a price target cut to $19 following the read on teenagers.
    • Nike (NYSE:NKE) dazzled again in the teen survey, with its brand at the very top in several key categories.
    • There's a "cautiously optimistic" view on Skullcandy (NASDAQ:SKUL) from PJ after taking in the results. SKUL is reiterated at Overweight and assigned a PT of $10.
    | Wed, Oct. 14, 7:51 AM | 2 Comments
  • Thu, Oct. 8, 11:06 AM
    • There are broad gains across the apparel and footwear sectors as investors take direction from Asia where a vibrant stock market rally in China and enthusiasm over the impact of the Trans-Pacific Partnership agreement has reset some expectations.
    • The positive vibe on Asia is also providing a lift to the sensitive personal products sector.
    • Gainers: Nike (NYSE:NKE) +1.6%, Deckers Outdoor (NYSE:DECK) +2.1%, Crocs (NASDAQ:CROX) +1.9%, VF Corp (NYSE:VFC) +1.5%, Steven Madden (NASDAQ:SHOO) +2.0%, Foot Locker (NYSE:FL) +2.4%, Caleres (NYSE:CAL) +1.9%, Iconix Brand Group (NASDAQ:ICON) +1.8%, Gildan Activewear (NYSE:GIL) +1.3%, Avon Products (NYSE:AVP) +2.9%, Coty (NYSE:COTY) +1.9%, Nu Skin (NYSE:NUS) +1.6%.
    • With major U.S. indexes all in negative territory, consumer products stocks are defying the trend. The S&P Retail ETF (NYSEARCA:XRT) is up 1.0%, the S&P Consumer Staples (NYSEARCA:XLP) is +0.4%, and the iShares Dow Jones US Consumer Goods ETF (NYSEARCA:IYK) is +0.6%.
    • Previously: Apparel stocks break out of the pack (Oct. 08 2015)
    | Thu, Oct. 8, 11:06 AM | Comment!
  • Thu, Oct. 1, 8:39 AM
    • Steven Madden (NASDAQ:SHOO) is upgraded by Telsey to an Outperform rating with a price target of $44.
    • The investment firm calls out a turnaround for Steven Madden due to a recovery in fashion trends which should help boost sales.
    | Thu, Oct. 1, 8:39 AM | Comment!
  • Tue, Sep. 8, 9:33 AM
    • Steven Madden (SHOO) fires off some C-suite changes.
    • The company named Karla Frieders to the newly created position of Chief Merchandising Officer and Amelia Newton Varela as President.
    • Both execs have been with Steve Madden for more than 16 years.
    • Shares of Steven Madden are up 25% YTD.
    | Tue, Sep. 8, 9:33 AM | Comment!
  • Thu, Aug. 13, 10:41 AM
    • Shoe stocks are higher on what's been a slightly down day for broad market averages so far.
    • Though a number of factors could be in play - including today's retail sales report and more earnings reports citing strong shoe demand - there's also a sneaky suspicion with some retail analysts that shoe companies are the somewhat forgotten F/X hedge with many of their labor costs overseas.
    • Gainers: Under Armour (UA +1.7%), Skeckers (SKX +3.7%), Nike (NKE +0.9%), Steven Madden (SHOO +1.2%), Crocs (CROX +1.9%), Deckers Outdoor (DECK +1.4%), Wolverine World Wide (WWW +1.3%), and Columbia Sportswear (COLM +1.7%).
    • Previously: Nike riding high in 'golden age' of sneakers (Aug. 08 2015)
    | Thu, Aug. 13, 10:41 AM | 3 Comments
  • Wed, Aug. 12, 4:27 PM
    • The Panama Canal Authority plans to restrict the amount of cargo ships will be allowed to carry through the canal beginning on September 8.
    • The action is a result of the low level of water in Gatun Lake and Alajuela Lake resulting from this year's El Nino phenomenon.
    • Citigroup has its eyes on the development, noting retailers with potential exposure this fall to reduced shipping to East Coast ports include Carter's (NYSE:CRI), Columbia Sportswear (NASDAQ:COLM), Wolverine Worldwide (NYSE:WWW), Staples (NASDAQ:SPLS), and Steve Madden (NASDAQ:SHOO).
    • Panama Canal Advisory (.pdf)
    | Wed, Aug. 12, 4:27 PM | 1 Comment
  • Thu, Jul. 30, 10:48 AM
    • Shoe stocks are higher after Skechers (SKX +13.8%), Steve Madden (SHOO +2.9%), and Crocs (CROX +8.7%) all top estimates in Q2.
    • Skechers showed the strongest growth rates of the trio, although pricing and demand trends look positive across the sector.
    • Notable shoe movers include Wolverine Worldwide (NYSE:WWW) +1.3%, Deckers Outdoor (NYSE:DECK) +1.0%, DSW (NYSE:DSW) +1.9%.
    | Thu, Jul. 30, 10:48 AM | 5 Comments
  • Thu, Jul. 30, 7:27 AM
    • Steve Madden (NASDAQ:SHOO) reports same-store sales rose 18.5% in Q2.
    • Gross margin in the wholesale business fell 150 bps to 29.8%, while the retail gross margin rate was 170 bps higher at 64.5%.
    • Operating expense rate +190 bps to 25.5%.
    • Store count: 161 company-owned, 117 full price, 36 outlets, four Internet, and four JV locations.
    • Guidance: The company sees FY15 revenue growth of 7% to 9% and FY15 EPS of $1.85-$1.95 vs. $1.93 consensus.
    • Previously: Steven Madden beats by $0.01, beats on revenue (Jul. 30 2015)
    | Thu, Jul. 30, 7:27 AM | Comment!
  • Thu, Jul. 30, 7:19 AM
    • Steven Madden (NASDAQ:SHOO): Q2 EPS of $0.40 beats by $0.01.
    • Revenue of $323.58M (+9.4% Y/Y) beats by $8.12M.
    • Press Release
    | Thu, Jul. 30, 7:19 AM | Comment!
  • Wed, Jul. 8, 7:49 PM
    • Skechers USA (NYSE:SKX) files a lawsuit alleging that the Setta line of footwear sold by Steven Madden (NASDAQ:SHOO) infringes patents for its own line of walking shoes and other products.
    • SKX is seeking an injunction against SHOO's footwear line as well as compensatory and punitive damages, although further details have not been provided.
    • Much of SKX's phenomenal growth has been driven by its GOwalk line of competitively priced casual athletic shoes.
    | Wed, Jul. 8, 7:49 PM | Comment!
  • Fri, Jun. 26, 10:07 AM
    • While Nike (NKE +4.5%) is doing yeoman-like work in supporting the Dow Jones Industrial Average, some other footwear/apparel stocks are ahead of market averages.
    • The group is being viewed as being in the right consumer market following a strong report from the Beaverton company.
    • Gainers: Iconix Brand Group (ICON +1.9%), Steven Madden (SHOO +1.8%), Under Armour (UA +0.6%), Hanesbrands (HBI +0.8%), Crocs (CROX +2.6%), Deckers Outdoor (DECK +1.2%), Skechers (SKX +0.4%), Wolverine Worldwide (WWW +1.5%), Caleres (CAL +2.2%), Genesco (GCO +2.3%), Shoe Carnival (SCVL +2.4%), Foot Locker (FL +2.4%).
    • The S&P Retail ETF (XRT +0.8%) is feeling the support from the athletic apparel and shoe stocks.
    • Previously: Nike beats by $0.15, beats on revenue (Jun. 25 2015)
    • Previously: Global futures at Nike top expectations (Jun. 25 2015)
    • Previously: Millennial demand underpins bright outlook for shoe stocks (Jun. 26 2015)
    | Fri, Jun. 26, 10:07 AM | 2 Comments
  • Sat, May 2, 2:00 PM
    • There's a vibrant rally ongoing with shoe stocks as some stars align for the sector.
    • Analysts have cited a consumer trend toward a higher spend in the category amid positive macroeconomic factors, while some relief with input costs (rubber) and foreign exchange swings (labor) has helped with margins.
    • Mark down athleisure and brand-loyal millennials as two other positive factors for shoe sellers.
    • The U.S. retail sneaker market is now worth close to $28B, according to Sneakernomics.
    • SportsOneSource pegs the international market at $55B and growing briskly.
    • In what could also be considered a sign of a strong retail segment, designer basketball shoes even have a sizzling secondary market.
    • The list of shoe companies - retail level and wholesalers - with shares that have outperformed the S&P 500 and the S&P Retail ETF over the last 90 days includes Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Crocs (NASDAQ:CROX), Steve Madden (NASDAQ:SHOO), Brown Shoe (NYSE:BWS), Skechers (NYSE:SKX),  Finish Line (NASDAQ:FINL), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).
    • Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) are also ahead of market averages over the same three-month period.
    • If an ETF of the shoe stocks listed above existed, it would have doubled up the return of the S&P 500 Index since January.
    | Sat, May 2, 2:00 PM | Comment!
Company Description
Steven Madden Ltd designs, markets and sells fashion-forward name brand and private label footwear for women, men and children and name brand and private label fashion handbags and accessories.