Investment Thesis
Steven Madden Ltd. (SHOO) is well placed to generate solid returns moving forward, due to its ability to capitalize on growing macro trends such as increased female spending and the move towards e-commerce. The firm also has the potential to expand its Chinese operations moving forward. The valuation of the firm implies there is 20% upside ahead in the medium term (16 months).
Catalysts
China
China is a huge opportunity for the company going forward. This is something the CEO has himself highlighted in the recent earnings transcript. The Chinese have