Macquarie Group Ltd. Increases Investment in Steven Madden, Ltd
June 20, 2023
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Steven Madden ($NASDAQ:SHOO), Ltd. is a publicly traded footwear and accessories company that designs, sources, markets, and sells fashion-forward products. Recently, the investment firm Macquarie Group Ltd announced its increased investment in Steven Madden, Ltd. shares. Macquarie Group is one of the largest and oldest financial services firms in the world and has been a long-time investor in Steven Madden, Ltd.
This will provide a much needed boost for Steven Madden, Ltd. as it continues to grow and expand. With Macquarie’s increased involvement, Steven Madden, Ltd. will have access to more resources and capital to accelerate its growth and further strengthen its competitive position.
Market Price
The shares of the American footwear and accessories retailer opened at $34.8 and closed at $34.1, down by 1.0% from its prior closing price of 34.5. The decision to increase its stake signals Macquarie Group’s confidence in the company’s performance and future prospects. This is despite the volatile market environment, making it a prudent long-term investment for Macquarie Group. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Steven Madden. More…
| Total Revenues | Net Income | Net Margin |
| 2.03k | 178.28 | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steven Madden. More…
| Operations | Investing | Financing |
| 274.05 | -26.13 | -206.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Steven Madden. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.21k | 367.42 | 10.8 |
Key Ratios Snapshot
Some of the financial key ratios for Steven Madden are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | 24.4% | 11.4% |
| FCF Margin | ROE | ROA |
| 12.7% | 17.4% | 11.9% |
Analysis
GoodWhale has conducted an in-depth analysis of STEVEN MADDEN‘s fundamentals. Our analysis revealed that STEVEN MADDEN has a high health score of 10/10, meaning that it is capable of sustaining future operations in the event of a crisis. Furthermore, the Star Chart classified STEVEN MADDEN as a ‘cow’, indicating that the company has a track record of paying out consistent and sustainable dividends. Given this strong performance in asset, dividend, profitability, and medium in growth, STEVEN MADDEN may be attractive to a wide range of investors. Investors who prioritize stability and predictability will find a great opportunity here, as STEVEN MADDEN offers a safe and reliable investment with regular returns. For those seeking higher returns, STEVEN MADDEN may still present some upside potential, as its metrics indicate strong financial health and potential for future growth. More…
Peers
The competition in the footwear industry is fierce with many companies vying for market share. Steven Madden Ltd, a leading designer and marketer of fashion footwear for women, faces stiff competition from the likes of Puma SE, Deckers Outdoor Corp, and Tod’s SpA. While each company has its own unique marketing strategy, they all share one common goal: to be the top dog in the footwear industry.
– Puma SE ($OTCPK:PUMSY)
Puma SE is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel, and accessories. As of 2022, Puma SE has a market cap of 6.97B and a Return on Equity of 17.11%. Founded in 1948, Puma SE is the third largest sportswear manufacturer in the world. The company’s products are sold in over 120 countries worldwide.
– Deckers Outdoor Corp ($NYSE:DECK)
Deckers Outdoor Corporation is an American footwear company based in Goleta, California. The company was founded in 1973 by Douglas Tompkins and owns several brands including UGG, Teva, and Sanuk. As of 2022, the company had a market capitalization of $9.2 billion and a return on equity of 23.76%. The company’s products are sold in over 170 countries and its brands are some of the most recognizable in the world.
– Tod’s SpA ($OTCPK:TODGF)
Tod’s SpA is an Italian luxury goods company specializing in leather shoes, handbags, luggage, and other accessories. The company was founded in 1920 by Filippo della Valle and is headquartered in Rome, Italy. As of 2022, Tod’s SpA had a market capitalization of 1.03 billion euros and a return on equity of 2.64%.
Summary
Macquarie Group Ltd. recently invested in Steven Madden, Ltd, a publicly traded company specializing in fashion accessories, footwear, and apparel. The investment has been seen as a positive sign for the company, indicating that institutional investors are confident in its potential growth and profitability. Analysts have observed that the company’s stock price has been steadily increasing over the past few years due to strong sales and good operating performance. The company has been successful at creating new products and expanding its product line to many different markets.
Additionally, the company is well positioned to capitalize on the growth of the fashion accessories market, as well as remain competitive in the retail sector. Furthermore, the company has also made acquisitions to add to its already strong portfolio. All these factors make Steven Madden, Ltd a sound investment with potential for long-term returns.
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