Steven Madden Ltd (NASDAQ: SHOO) has reported E.P.S. of $0.50 for its second fiscal quarter (ending June 30) versus $0.47 for the same period a year ago. E.P.S. were $2.48 for the latest four quarters through June 30 versus $2.20 for the same period a year ago.
Recent Price Action
On 7/31/24, Steven Madden Ltd (NASDAQ: SHOO) stock increased 2.0%, closing at $45.34. Moreover, this advance was accompanied by unusually high trading volume at 184% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SHOO is expected to continue to be a major Value Builder.
Steven Madden has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Steven Madden has a poor Appreciation Score of 16 but a good Power Rating of 71, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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