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SHOO Steven Madden

Steve Madden designs, sources and markets fashion-forward footwear, accessories and apparel for women, men and children. In addition to marketing products under its own brands including Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, GREATS®, BB Dakota® and Mad Love®, Steve Madden is a licensee of various brands, including Anne Klein® and Superga®. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden's wholesale distribution includes department stores, specialty stores, luxury retailers, national chains, mass merchants and online retailers. Steve Madden also operates retail stores and e-commerce websites. Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including ready-to-wear, outerwear, eyewear, hosiery, jewelry, fragrance, luggage and bedding and bath products

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

6 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 233.2M 233.2M 233.2M 233.2M 233.2M 233.2M
Cash burn (monthly) 4.89M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 19.96M n/a n/a n/a n/a n/a
Cash remaining 213.24M n/a n/a n/a n/a n/a
Runway (months of cash) 43.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 May 21 LYNCH Rose Peabody Common Stock, par value $0.0001 per share Grant Aquire A No No 0 2,889 0 15,603
26 May 21 Sachdev Ravi Common Stock, par value $0.0001 per share Grant Aquire A No No 0 2,889 0 69,072
26 May 21 Ferrara Al Common Stock, par value $0.0001 per share Grant Aquire A No No 0 2,889 0 8,134
26 May 21 Migliorini Peter Common Stock, par value $0.0001 per share Grant Aquire A No No 0 2,889 0 18,338
26 May 21 Klipper Mitchell S Common Stock, par value $0.0001 per share Grant Aquire A No No 0 2,889 0 14,492

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

91.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 204 192 +6.3%
Opened positions 40 39 +2.6%
Closed positions 28 35 -20.0%
Increased positions 64 59 +8.5%
Reduced positions 78 79 -1.3%
13F shares
Current Prev Q Change
Total value 4.04B 2.75B +46.7%
Total shares 75.84M 77.87M -2.6%
Total puts 86.8K 8.4K +933.3%
Total calls 87.4K 44.1K +98.2%
Total put/call ratio 1.0 0.2 +421.4%
Largest owners
Shares Value Change
BLK Blackrock 12.45M $463.75M +3.7%
Vanguard 8.04M $299.54M +0.2%
Victory Capital Management 5.16M $192.16M +3.0%
MCQEF Macquarie 4.42M $164.72M -18.2%
TROW T. Rowe Price 3.55M $132.27M -21.0%
Alliancebernstein 3.11M $115.9M +0.5%
STT State Street 2.55M $94.91M +1.5%
Cramer Rosenthal MCGLYNN 2.07M $77.02M +6.8%
Wellington Management 1.99M $73.98M -26.0%
JHG Janus Henderson 1.93M $71.84M +0.3%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.13M EXIT
MCQEF Macquarie 4.42M -986.63K -18.2%
TROW T. Rowe Price 3.55M -941K -21.0%
Scopus Asset Management 1.65M +900K +120.0%
Wellington Management 1.99M -697.24K -26.0%
Millennium Management 226.96K -645K -74.0%
Voya Investment Management 35.95K -533.78K -93.7%
Eaton Vance Management 531.62K +531.62K NEW
Balyasny Asset Management 467.11K +467.11K NEW
BLK Blackrock 12.45M +447.53K +3.7%

Financial report summary

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Competition
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Management Discussion
  • Total revenue for the three months ended March 31, 2021 increased 0.5% to $361,025 compared to $359,168 in the same period of last year, with increases in the Wholesale Accessories/Apparel and Retail segments, partially offset by a decrease in the Wholesale Footwear segment. Gross profit was $139,104, or 38.5% of total revenue, as compared to $133,464, or 37.2% of total revenue, in the prior-year period. The increase in gross profit as a percentage of total revenue was due to a shift in the mix of our business due to a higher penetration of retail as a percentage to the total, which was driven by our owned and operated e-commerce and the non-anniversary of certain COVID-19 related inventory reserves in the prior year period. These increases were partially offset by some headwinds in connection with inbound freight costs and the non-renewal of the Global System of Preferences ("GSP") which impacted imports in our handbags business. Operating expenses in the first quarter of 2021 were $110,448, or 30.6% of total revenue, as compared to $121,373, or 33.8% of total revenue, in the first quarter of the prior year. The decrease in operating expenses as a percentage of total revenue was primarily attributable to the Company's expense control initiatives, partially offset by early lease termination and modification charges, restructuring and other related charges due to the COVID-19 pandemic. For the three months ended March 31, 2021 and 2020 impairment charges were recorded of $612 and $28,821, respectively, related to store fixed assets and lease right-of-use assets. For the three months ended March 31, 2020, the Company recorded an impairment charge of $9,518 associated with certain intangibles. The effective tax rate for the first quarter of 2021 decreased to 20.3% compared to 29.4% in the first quarter of last year. The difference in effective tax rate was primarily due to the expected jurisdictional mix of profit and losses from each period. Net income attributable to Steven Madden, Ltd. for the first quarter of 2021 was $21,197 compared to net loss attributable to Steven Madden, Ltd. for the first quarter of 2020 of $(17,451).
Content analysis
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