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Steven Madden, Ltd. (SHOO)

  • Tue, Mar. 17, 11:31 AM
    • Shoe stocks are higher after DSW impresses with its quarterly report and Foot Locker is tapped for more gains.
    • The sector has outperformed broad retail this year buoyed by strong demand for athletic shoes.
    • Previously: DSW +7% after impressive comp (Mar. 17 2015)
    • Previously: Foot Locker investment seen as a safer Nike bet (Mar. 17 2015)
    • Gainers: DSW +4.1%, Brown Shoe (NYSE:BWS) +3.1%, Steven Madden (NASDAQ:SHOO) +1.9%, Finish Line (NASDAQ:FINL) +1.1%, Foot Locker (NYSE:FL) +1.1%, Shoe Carnival (NASDAQ:SCVL) +1.1%.
  • Tue, Feb. 24, 7:37 AM
    • Steve Madden (NASDAQ:SHOO) reports wholesales business revenue 1% to $270.9M in Q4.
    • Strength with the Dolce Vita brand was seen during the quarter.
    • Gross margin rate -350 bps to 34.3% due in part to extra air freight costs as a result of the port slowdown on the West Coast/
    • Operating expenses as a percentage of sales +240 bps to 25.6%.
    • Inventory +25.8% Y/Y to $92.677M.
    • 2015 guidance: Sales growth of 7% to 9% expected. EPS is forecast to fall in a range of $1.85 to $1.95.
    • SHOO -0.4% premarket.
    | Comment!
  • Oct. 20, 2014, 9:01 AM
    • Steve Madden (NASDAQ:SHOO) slumps in early trading after posting preliminary Q3 results below expectations.
    • The company says Q3 sales were $392M vs. $415M consensus.
    • Q3 EPS is estimated to be $0.61-$0.62 vs. $0.67 consensus.
    • On a dour note, execs cite a continued lack of significant footwear fashion trends.
    • SHOO -9.2% premarket.
    | Comment!
  • Jul. 31, 2014, 10:40 AM
    • Steven Madden (SHOO -5.2%) slips after the firm's guidance comes in below analyst estimates.
    • FY14 EPS guidance is set at $2.00-$2.02 vs. $2.02-$2.15 prior and $2.14 consensus.
    • Heightened promotional activity is taking a toll on margins for the shoe seller.
    | Comment!
  • Dec. 30, 2013, 11:34 AM
    • Shares of Crocs (CROX +17.9%) trade at their highest level since July after the company says it will get back to buying back shares after working out a $350M investment from Blackstone.
    • Sterne Agee thinks the retailer still has more house cleaning to do. Analyst Sam Poser says Chairman of the Board Tom Smach and two members of the management team who were also Felxtronics alums need to be axed.
    • Other shoe stocks are trading higher off the Crocs news: DECK +1.4%, WWW +1.7%, SHOO +1.7%, SKX +1.1%.
    | 1 Comment
  • Aug. 5, 2013, 8:51 AM
    • Goldman upgrades Steve Madden (SHOO) from Sell to Buy and raises the price target on the shares to $69 from $43.
    • Analyst Taposh Bari says the company's balance sheet is "overcapitalized [and] now has 1.3x net cash/EBITDA" which could mean "more meaningful buybacks, dividends, and/or M&A."
    • Shares +3.7% premarket.
    | Comment!
  • Jun. 7, 2013, 10:42 AM
    Steve Madden (SHOO +1.3%) jumps on an initiation at Piper Jaffray (Overweight, PT $55). Analyst Erinn Murphy says the company's namesake brand enjoys "top-of-mind and growing" brand awareness (how does one improve on "top-of-mind" awareness?) and should thus be able to comfortably deliver "sales growth in the high-single digits and earnings growth in the low-double digit to mid-teens range on an annual basis."
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  • Nov. 27, 2012, 9:47 AM
    Goldman Sachs has shoes on its mind. Beyond lining up Crocs (CROX +7.3%) as its favorite name in the sector, the firm starts research on Sell-rated Steven Madden (SHOO -2.1%) and launches coverage on Deckers Outdoor (DECK -0.1%) and Wolverine World Wide (WWW -1.6%) with Neutral ratings. The biggest takeaway from the Goldman dip into the sector is that the firm isn't convinced Crox and Deckers Outdoor are weighed down with "broken fads" for headline products.
  • Jun. 29, 2012, 6:47 AM
    Shoe sellers are on watch today to see if investors sell off the names on the same margin concerns stirred up by Nike's FQ4 earnings report. Premarket: SHOO -0.2%, CROX -0.5%, DECK -1.1%, SKX inactive.
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  • Jun. 18, 2012, 10:00 AM
    A profit warning from DSW spills over to taint the shares of other shoe sellers on similar concerns that demand will falter and margins will get squeezed. Decliners: SHOO -4.1%, GCO -3.7%, BWS -2.6%, SCVL -2.1%, CROX -1.6%.
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  • May. 21, 2012, 2:11 PM
    Shares of a number of shoe-sellling companies jump higher after Friday's double-dose of positive earnings reports from Foot Locker and Brown Shoe shine a brighter spotlight on the sector. Could troubles at Sears Holdings and J.C. Penney's be partially behind the sudden resurgence of mall-based shoe outlets? Advancers: CROX +5.5%, DECK +4.1%, SHOO +2.6%, SKX +3%, KSWS +5.2%.
    | 1 Comment
  • Nov. 1, 2011, 11:12 AM
    Shares of Steven Madden (SHOO) knock out a 3.2% gain after beating Q3 EPS estimates by $0.04 on revenue of $314M (+71% Y/Y) and raising its outlook for FY11. The company now sees EPS in a range of $2.20-$2.25, higher than its prior guidance of $2.15-$2.20.
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  • Oct. 19, 2011, 3:50 PM
    Vera Bradley (VRA +2%), Steven Madden (SHOO +0.1%) and Fossil (FOSL -1%) stand out among accessory and footwear makers due to their supply-chain capabilities and growth opportunities, Citi says as it initiates the trio with Buy ratings. The firm cites business models that quickly read selling trends and react by executing on new product ideas and/or changing inventory plans.
    | Comment!
  • Oct. 17, 2011, 4:46 PM
    Shares of Skechers (SKX) move 4.4% lower in after-hours trading after Crocs (CROX) slashes its estimate for Q3 revenue. Other shoe-sellers moving lower AH: SHOO -2.3%, DECK -4%.
    | Comment!
  • Sep. 28, 2011, 10:50 AM
    Shares of shoe companies look a little skittish after Reebok (ADDYY.PK) settles with the FTC for $25M over deceptive claims certain brands of its shoes led to muscle toning. Though the settlement amount is small to a multi-billion dollar industry, the sector could now face pressure to back up claims "toning" shoes aren't gimmicks. Decliners: SKX -2.2%, SHOO -2.4%, CROX -3.1%.
    | Comment!
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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.