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SHOO Steven Madden

Steven Madden Ltd. engages in the design, marketing, and sale of fashion-forward footwear for women, men, and children. It operates through the following segments: Wholesale Footwear, Wholesale Accessories, Retail, First Cost, and Licensing. The Wholesale Footwear segment includes branded and private label women's, men's, girl's and children's footwear. The Wholesale Accessories segment comprises of branded and private label handbags; belts and small leather goods; and cold weather and selected other fashion accessories. The Retail segment distributes branded women's, men's and children's footwear, accessories, and licensed products to consumers. The First Cost segment earns commissions and design fees for serving as a buying agent of footwear products to mass-market merchandisers, mid-tier department stores,and other retailers with respect to their purchase of footwear. The Licensing segment licenses its trademarks for use in connection with the manufacture, marketing, and sale of outerwear, hosiery, active wear, sleepwear, jewellery, watches, hair accessories, umbrellas, bedding, luggage, and men's leather accessories. The company was founded by Steven L. Madden on July 9, 1990 and is headquartered in Long Island City, NY.

Company profile

Ticker
SHOO
Exchange
CEO
Edward Rosenfeld
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MADDEN STEVEN LTD
SEC CIK
IRS number
133588231

SHOO stock data

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Calendar

16 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 252.44M 252.44M 252.44M 252.44M 252.44M 252.44M
Cash burn (monthly) (positive/no burn) 9.93M (positive/no burn) 2.62M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 35.4M n/a 9.35M n/a n/a
Cash remaining n/a 217.04M n/a 243.09M n/a n/a
Runway (months of cash) n/a 21.9 n/a 92.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Karla Frieders Common Stock, par value $0.0001 per share Payment of exercise Dispose F No No 37.16 3,194 118.69K 127,405
19 Mar 21 Karla Frieders Common Stock, par value $0.0001 per share Sell Dispose S No No 37.801 5,500 207.91K 130,599
19 Mar 21 Zine Mazouzi Common Stock, par value $0.0001 per share Sell Dispose S No No 37.9071 1,703 64.56K 46,558
17 Mar 21 Edward R. Rosenfeld Common Stock, par value $0.0001 per share Sell Dispose S No No 37.6 27,000 1.02M 912,476
15 Mar 21 Karla Frieders Common Stock, par value $0.0001 per share Grant Aquire A No No 0 10,114 0 136,099

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 192 188 +2.1%
Opened positions 39 20 +95.0%
Closed positions 35 34 +2.9%
Increased positions 59 70 -15.7%
Reduced positions 79 72 +9.7%
13F shares
Current Prev Q Change
Total value 2.75B 1.49B +83.8%
Total shares 77.76M 76.61M +1.5%
Total puts 8.4K 151.5K -94.5%
Total calls 44.1K 23.9K +84.5%
Total put/call ratio 0.2 6.3 -97.0%
Largest owners
Shares Value Change
BLK Blackrock 12M $423.8M +0.7%
Vanguard 8.02M $283.36M +6.0%
MCQEF Macquarie 5.41M $190.99M -1.2%
Victory Capital Management 5.01M $176.86M +10.1%
TROW T. Rowe Price 4.49M $158.62M +4.3%
Alliancebernstein 3.09M $109.28M +2138.3%
Wellington Management 2.68M $94.75M -50.7%
STT State Street 2.51M $88.64M +4.3%
Dimensional Fund Advisors 2.09M $73.98M -10.3%
Cramer Rosenthal MCGLYNN 1.94M $68.39M NEW
Largest transactions
Shares Bought/sold Change
Alliancebernstein 3.09M +2.96M +2138.3%
Wellington Management 2.68M -2.76M -50.7%
Cramer Rosenthal MCGLYNN 1.94M +1.94M NEW
Norges Bank 1.13M +1.13M NEW
FHI Federated Hermes 22.04K -944.43K -97.7%
Renaissance Technologies 0 -892.07K EXIT
DB Deutsche Bank AG - Registered Shares 64K -601.41K -90.4%
GS Goldman Sachs 187.6K -593.17K -76.0%
Millennium Management 871.96K +583.1K +201.9%
Voya Investment Management 569.73K +514.39K +929.5%

Financial report summary

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Competition
Deckers OutdoorSkechers U S AFacebookCrocsTwitter
Management Discussion
  • Total revenue for the year ended December 31, 2020 decreased by 32.8% to $1,201,814 from $1,787,157 for fiscal 2019,with decreases in all segments as a result of the impact of the COVID-19 pandemic. For the year ended December 31, 2020, gross profit was $464,541, or 38.7% of total revenue, as compared to $686,017, or 38.4% of total revenue, in the prior year. The increase in gross profit as a percentage of total revenue was primarily due to the shift in sales to our higher-margin e-commerce business. Operating expenses in 2020 were $414,978, or 34.5% of total revenue, as compared $503,270, or 28.2% of total revenue, in 2019. The increase in operating expenses as a percentage of total revenue was primarily attributable to a deleverage on a lower sales base, but was also impacted by the impairment of lease right-of-use assets and store fixed assets, early lease termination and modification charges, and restructuring and other related charges as a result of the COVID-19 pandemic. The increase was partially offset by our reduction in workforce, furloughs, temporary salary reductions and reduced discretionary spending as a result of our initiatives to control expenses, along with the change in valuation of contingent considerations. In addition, for the years 2020 and 2019, impairments of intangibles of $44,273 and $4,050 were recorded, respectively. Also in 2020 and 2019, impairments for lease right-of-use assets and store fixed assets of $36,895 and $1,883 were recorded, respectively. The effective tax rate for the year ended December 31, 2020 increased to 39.0% compared to 21.8% last year. The increase in the effective tax rate is primarily due to the year-over-year benefit resulting from the exercising and vesting of share-based awards, an increase in tax benefit related to a net operating loss carryback claim set forth by the CARES Act, an increase in the GILTI tax, a decrease in the state taxes incurred, and an increase in 2019 pre-tax losses in jurisdictions with higher tax rates. Net loss attributable to Steven Madden, Ltd. for the year ended December 31, 2020 was $18,397 compared to net income attributable to Steven Madden, Ltd. of $141,311 for the year ended December 31, 2019.
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