Reading the tape
NASDAQ: SHOO
Steven Madden, Ltd.
Consumer Cyclical · Apparel - Footwear & Accessories
Market Cap
$2.66B
52w High
$46.88
52w Low
$19.75
P/E
57.80
Volume
1.02M
Outstanding Shares
72.91M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 76.11%Revenue (TTM): 11%FCF (TTM): -30.57%P/FCF: 74th pct
What changed
The stock rose 76.11% over the last year. Revenue grew 11% over the trailing twelve months. Operating margin moved from 9.85% to 3.19%. Free cash flow declined 30.57% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 74th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 3.19%) would need to stabilize or improve to justify the move. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally.
CEOEdward R. Rosenfeld
SectorConsumer Cyclical
IndustryApparel - Footwear & Accessories
Employees3,500
IPO dateDec 13, 1993
Valuation
Forward P/E—
EV/EBITDA26.93
Enterprise value$3.32B
Stock splits
Oct 12, 2018↑ Forward
Every 2 shares became 3
Oct 2, 2013↑ Forward
Every 2 shares became 3
Jun 1, 2011↑ Forward
Every 2 shares became 3
May 3, 2010↑ Forward
Every 2 shares became 3
May 26, 2006↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth29.43%
Gross margin41.41%▲0.20%vs FY2024
Operating margin3.19%▼72.27%vs FY2024
ROE5.15%▼74.20%vs FY2024
Analyst consensus
RatingBuy
Target price$43.33▲18.97%
21
Buy
8
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.42 · Revenue est $646.46M
View
Dividends
$0.84/shareQuarterly5yr growth streakAt RiskSHOO pays a dividend with a 2.31% dividend yield, 5 consecutive years of growth, growing at 41.14% annually, covered 2.0× by free cash flow.
Dividend Yield
2.31%
Annual Div / Share
$0.84
5yr CAGR
+41.14%
Doubles every ~2.0yr
Payout Ratio
136.5%
At Risk
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+41.14%
10yr CAGR
+7.92%
Dividend Safety
5/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.84+0.0%
2024$0.84+0.0%
2023$0.84+0.0%
2022$0.84+40.0%
2021$0.60+300.0%
2020$0.15-73.7%
2019$0.57+5.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$23/yr
$2/mo
In 5 yrs
$41/yr+76%
$3/mo
In 10 yrs
$72/yr+211%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$23/yr $2/mo | $41/yr+76% $3/mo | $72/yr+211% $6/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 2.31% → 7.16% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 41.14% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 136.5% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.