uploads/2016/08/shoo-pm.png

A Look at Steven Madden’s Financial Footprint in 2Q16

By

Updated

Price movement

Steven Madden (SHOO) has a market cap of $2.1 billion. It fell by 6.0% to close at $33.52 per share on August 2, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -5.2%, -1.4%, and 10.9%, respectively, on the same day.

SHOO is trading 5.1% below its 20-day moving average, 2.9% below its 50-day moving average, and 0.64% below its 200-day moving average.

Article continues below advertisement

Related ETF and peers

The Vanguard Extended Market ETF (VXF) invests 0.05% of its holdings in Steven Madden. The ETF tracks a market-cap-weighted version of the S&P Total Market Index, excluding all S&P 500 stocks. The YTD price movement of VXF was 6.4% on August 2.

The market caps of Steven Madden’s competitors are as follows:

  • Skechers USA (SKX) — $3.6 billion
  • Deckers Outdoor Corporation (DECK) — $2.0 billion
  • Guess (GES) — $1.2 billion

Performance of Steven Madden in 2Q16

Steven Madden reported 2Q16 net sales of $325.4 million, a rise of 0.56% compared to net sales of $323.6 million in 2Q15. The company’s gross profit margin rose by 3.6%, and its income from operations fell by 2.4% in 2Q16 compared to 2Q15.

Its net income and EPS (earnings per share) rose to $24.7 million and $0.42, respectively, in 2Q16 compared to $24.5 million and $0.40, respectively, in 2Q15.

SHOO’s cash and cash equivalents and inventories rose by 5.4% and 14.0%, respectively, in 2Q16 compared to 4Q15. Its debt-to-equity ratio rose to 0.36x in 2Q16 compared to a debt-to-equity ratio of 0.35x in 4Q15.

Projections

Steven Madden (SHOO) has made the following projections for fiscal 2016:

  • net sales growth in the range of 0%–1%
  • EPS in the range of $1.93–$2.03

Next, we’ll discuss Edgewell Personal Care Company.

Advertisement

More From Market Realist