A downtrend has been apparent in Steven Madden (SHOO) lately with too much selling pressure. The stock has declined 8.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for s ...

Steve Madden (NASDAQ: SHOO ) presented 3Q24 results a few weeks ago. The results were relatively good, with wholesale and DTC revenues growing organically and inorganically and margins down a little on an adjusted basis. The most challengingLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of com ...

For the quarter ended September 2024, Steven Madden (SHOO) reported revenue of $624.68 million, up 13% over the same period last year. EPS came in at $0.91, compared to $0.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $606.83 million, representing a surprise of +2.94%. The company delivered an EPS surprise of +2.25%, with the consensus EPS estimate being $0.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Steven Madden (SHOO) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.25%. A quarter ago, it was expected that this footwear and accessories retailer would post earnings of $0.51 per share when it actually produced earnings of $0.57, delivering a surprise of 11.76%.Over the last four ...

Steven Madden, Ltd. (SHOO) has demonstrated strong upward momentum, trading above its 200 and 100-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. SHOO ended yesterday’s trading session at $45.89, above its 200 and 100-day SMA of $43 and $44.72, respectively, highlighting a continued uptrend. This technical strength, along with sustained momentum, reflects positive market sentiment and investor’s confidence in SHOO's financial health and growth prospe ...

Steven Madden, Ltd. (SHOO) is trading at a notable low price-to-earnings (P/E) multiple, which is below the Zacks Shoes and Retail Apparel industry and the broader Consumer Discretionary sector's averages. SHOO's forward 12-month P/E ratio is 17.05, lower than the industry's and the sector's ratios of 26.97 and 19.05, respectively. This stock is undervalued than its industry peers, offering compelling value to investors looking for exposure to the sector. SHOO's Value Score of A underscores its appeal as an ...

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating better chances of outperforming [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5] Value Score - Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Evaluates a company's financial health and future growth potential by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - Targets stocks with upward or downward price trends, utilizing factors like one-week price changes and monthly earnings estimate changes to identify optimal buying times [4] VGM Score - Combines the three Style Scores to provide a comprehensive rating, helping investors find stocks with attractive value, growth forecasts, and promising momentum [5] Zacks Rank Integration - The Zacks Rank leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [6][7] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] Stock Highlight: Steven Madden (SHOO) - Steven Madden operates in the fashion footwear and accessories market, with a Zacks Rank of 2 (Buy) and a VGM Score of A [11] - The company has a Momentum Style Score of B, with shares increasing by 5% over the past four weeks, and an upward revision in earnings estimates for fiscal 2024 [11][12]

Core Insights - Steven Madden, Ltd. (SHOO) has shown strong upward momentum, trading above its 200-day and 50-day simple moving averages, indicating positive market sentiment and investor confidence in its financial health and growth prospects [1][11] - The company's shares have increased by 53.5% over the past year, significantly outperforming the Zacks Shoes and Retail Apparel industry's decline of 13.2% [2] - SHOO is approaching its 52-week high of $50.01, reflecting strong investor confidence and market optimism [3] Growth Strategy - The company has pursued a multi-faceted growth strategy focusing on diversification and expansion, particularly through its direct-to-consumer (DTC) model and international markets [3][7] - SHOO has expanded beyond footwear into handbags and apparel, enhancing its digital capabilities, which contributed to significant revenue increases in these categories [4] - The wholesale division reported a 22.5% year-over-year revenue increase to $385.3 million in Q2 2024, with a notable 86% surge in wholesale accessories and apparel revenues [5] Financial Performance - The DTC segment saw a 6.4% year-over-year revenue increase to $136.4 million, with comparable DTC sales growing by 4.1% [6] - International revenues rose by 13% year-over-year in Q2, with expectations for EMEA revenues to grow by over 20% in 2024 [7][9] - As of June 30, 2024, the company reported $180.5 million in cash and equivalents, with no outstanding debt, indicating strong financial stability [8][12] Future Outlook - The company anticipates a year-over-year revenue rise of 11-13% for 2024, with adjusted earnings per share projected between $2.55 and $2.65, up from $2.30 in 2023 [9] - SHOO's stock is trading at a forward 12-month price-to-sales ratio of 1.55, below the industry average of 2.21, presenting an attractive investment opportunity [10][12]

Have you been paying attention to shares of Steven Madden (SHOO) ? Shares have been on the move with the stock up 6.4% over the past month. The stock hit a new 52-week high of $48.59 in the previous session. Steven Madden has gained 13% since the start of the year compared to the 0.8% move for the Zacks Consumer Discretionary sector and the -21.2% return for the Zacks Shoes and Retail Apparel industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as i ...

Steven Madden, Ltd. (SHOO) is currently trading at a notably low price-to-earnings (P/E) multiple, which is below the Zacks Shoes and Retail Apparel industry and broader Consumer Discretionary averages. SHOO's forward 12-month P/E ratio is 16.20, lower than the industry average of 21.78 and the sector average of 17.27. The stock is undervalued compared with its industry peers, thereby offering compelling value to investors looking for exposure to the retail apparel sector. Furthermore, SHOO's Value Score of ...