How did Steven Madden Ltd. (SHOO) surprise investors with its report?

Currently, Steven Madden Ltd. [SHOO] is trading at $34.51, down -0.49%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SHOO shares have gain 2.83% over the last week, with a monthly amount glided 7.11%, and seem to be holding up well over a long-time horizon.

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On 2, November 2022, Steve Madden Announces Third Quarter 2022 Results. In a post published today on Yahoo Finance, ~ Provides Update to Fiscal 2022 Outlook ~.

From an analyst’s perspective:

Steven Madden Ltd. [NASDAQ: SHOO] stock has seen the most recent analyst activity on November 01, 2022, when Wedbush downgraded its rating to a Neutral and also revised its price target to $29 from $43. Previously, CL King upgraded its rating to Buy on September 28, 2022. On September 21, 2022, Exane BNP Paribas initiated with a Outperform rating. Loop Capital downgraded its rating to a Hold but stick to its price target of $30 on September 13, 2022. Loop Capital upgraded its rating to a Buy. Piper Sandler upgraded its rating to Overweight for this stock on December 06, 2021, and upped its price target to $56.

This stock has fluctuated between a low of $26.36 and a high of $45.04 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $35.25 within the next 12 months. Steven Madden Ltd. [NASDAQ: SHOO] shares were valued at $34.51 at the most recent close of the market. An investor can expect a potential return of 2.14% based on the average SHOO price forecast.

Analyzing the SHOO fundamentals

Recent quarter sales for Steven Madden Ltd. [NASDAQ:SHOO] were 556.64 billion which represents 5.30% growth. Gross Margin for this corporation currently stands at +40.26% with Operating Margin at +13.49%, Pretax Margin comes in at +12.97%, and Net Margin reading is +10.22%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.17 points at the first support level, and at 33.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.99, and for the 2nd resistance point, it is at 35.47.

Steven Madden Ltd. [SHOO] reported earnings per share of $0.62 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.6/share, meaning a difference of $0.02 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.94 per share as compared to estimates of $0.51 per share, a difference of $0.43 representing a surprise of 84.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Steven Madden Ltd. [NASDAQ:SHOO] is 2.90. In addition, the Quick Ratio stands at 1.58 and the Cash Ratio stands at 0.61. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 4.61 and the P/E (TTM) ratio is 10.94.

Transactions by insiders

In the past 3 months, 1 insiders have purchased 35,177 shares, and 5 have sold 24,364 shares. Recent insider trading involved Smith Robert Garrett, Director, that happened on Jun 08 when 2222.0 shares were sold. Chief Executive Officer, Rosenfeld Edward R. completed a deal on Mar 16 to sell 40000.0 shares.