At the time of writing, Steven Madden Ltd. [SHOO] stock is trading at $39.72, down -1.83%. 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 3.04% over the last week, with a monthly amount drifted -2.02%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Steven Madden Ltd. [NASDAQ: SHOO] stock has seen the most recent analyst activity on February 29, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $44 from $39. Previously, Piper Sandler started tracking the stock with Neutral rating on February 14, 2024, and set its price target to $45. On February 07, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $41 on the stock. Jefferies downgraded its rating to a Hold but stick to its price target of $40 on January 04, 2024. Citigroup upgraded its rating to Buy for this stock on April 13, 2023, and upped its price target to $42. In a note dated November 01, 2022, Wedbush downgraded an Neutral rating on this stock and revised its target price from $43 to $29.
For the past year, the stock price of Steven Madden Ltd. fluctuated between $29.92 and $45.63. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Steven Madden Ltd. [NASDAQ: SHOO] shares were valued at $39.72 at the most recent close of the market. An investor can expect a potential drop of -1.81% based on the average SHOO price forecast.
Analyzing the SHOO fundamentals
According to Steven Madden Ltd. [NASDAQ:SHOO], the company’s sales were 1.98B for trailing twelve months, which represents an 10.43% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.21 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
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 39.40 points at the first support level, and at 39.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.08, and for the 2nd resistance point, it is at 40.45.
Steven Madden Ltd. [SHOO] reported earnings per share of $0.61 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.04 and a surprise factor of 7.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.88 per share as compared to estimates of $0.86 per share, a difference of $0.02 representing a surprise of 2.30%.
Ratios To Look Out For
It is important to note that Steven Madden Ltd. [NASDAQ:SHOO] has a current ratio of 2.26. In addition, the Quick Ratio stands at 1.66 and the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 3.53 and price to earnings (TTM) ratio is 17.25.
Transactions by insiders
Recent insider trading involved Rosenfeld Edward R., Chief Executive Officer, that happened on Mar 15 ’24 when 48500.0 shares were sold. Chief Financial Officer, Mazouzi Zine completed a deal on Mar 14 ’24 to sell 7246.0 shares. Meanwhile, EVP, Gen. Counsel, Secretary Keith Lisa sold 2400.0 shares on Mar 14 ’24.
