Steven Madden Ltd (NASDAQ: SHOO) has reported E.P.S. of $0.78 for its third fiscal quarter (ending September 30) versus $0.88 for the same period a year ago — a decline of -11%. For the latest four quarters through September 30, E.P.S. were $2.38 versus $2.27 for the same period a year ago — an increase of 5%.
Recent Price Action
On 11/7/24, Steven Madden Ltd (NASDAQ: SHOO) stock enjoyed a large increase of 3.1%, closing at $45.60. Moreover, this advance was accompanied by exceptionally high trading volume at 237% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.1% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Steven Madden has a poor Appreciation Score of 18 but a good Power Rating of 74, 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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