Stock of the Day - June 8, 2022

Steven Madden (SHOO)

$43.18

-$1.06 (-2.4%)

Market Cap: $3.24B

About Steven Madden

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.

Today's Trend

Steven Madden, Ltd. (NASDAQ: SHOO) is receiving a generally favorable investor signal from recent analyst estimate revisions and momentum factors. The stock has increased recently and is trading above its 50-day and 200-day moving averages, supporting the view that positive momentum is helping shares.

Several earnings estimates were raised. Zacks Research increased its forecasts for third-quarter 2026 EPS to $0.60 from $0.59, full-year 2026 EPS to $2.10 from $2.06, and full-year 2027 EPS to $2.61 from $2.60. Estimates were also raised for Q1 2027, Q2 2027, Q3 2027, Q1 2028 and Q2 2028, suggesting improving expectations for earnings growth. MarketBeat analyst estimate report
Momentum remains a key support for SHOO. Zacks’ Style Scores identify Steven Madden as a strong momentum stock, which may attract quantitative and trend-following investors. Here's Why Steven Madden Is a Strong Momentum Stock
Analyst conviction remains limited. Despite the upward revisions, Zacks Research maintains a “Hold” rating. Its $2.10 FY2026 EPS forecast is slightly below the broader consensus estimate of $2.14, tempering the bullish impact of the revisions.
Some future-quarter estimates were reduced. Zacks cut its Q4 2026 EPS forecast to $0.61 from $0.71 and Q4 2027 EPS to $0.75 from $0.92. These reductions indicate potential pressure in year-end periods and could limit further upside if investors focus on quarterly earnings volatility.

Overall, the news flow is modestly positive for SHOO: multiple upward estimate revisions and strong momentum outweigh the isolated cuts, although the Hold rating and lower year-end forecasts argue against viewing the updates as a major fundamental revaluation.

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