From a fundamental viewpoint, Steven Madden seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 1.26 times its revenues.
This valuation is only 16.13 and 13.56 times the two next years earnings.
Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average, currently at USD 32, shows. Nevertheless, the stock seems in an oversold situation, near to its USD 30.45 support in daily data. This level might stop the bearish trend in the short term.
Thanks to the technical pattern and Steven Madden’s strong fundamentals, active investors can open long trades above USD 30.5. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 32.4 in a first time and then at USD 34.
However, a bearish trend would regain the upper hand if the security crosses USD 30.5.
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
STEVEN MADDEN, LTD. 
