Back to top

Image: Bigstock

Why You Shouldn't Bet Against Steven Madden (SHOO) Stock

Read MoreHide Full Article

One stock that might be an intriguing choice for investors right now is Steven Madden, Ltd. (SHOO - Free Report) . This is because this security in the Shoes and Retail Apparel space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Shoes and Retail Apparel space as it currently has a Zacks Industry Rank of 48 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Steven Madden is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past month, current quarter estimates have risen from 28 cents per share to 29 cents per share, while current year estimates have risen from $1.66 per share to $1.68 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Steven Madden. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Steven Madden, Ltd. (SHOO) - free report >>

Published in