Analysts predict Steven Madden Ltd (SHOO) stock to reach $44.6 in the next 12 months

Steven Madden Ltd [SHOO] stock is trading at $44.84, up 1.54%. 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 7.81% over the last week, with a monthly amount drifted -0.62%, and not seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

On August 01, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $50 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $44 on February 29, 2024. Piper Sandler initiated its recommendation with a Neutral and recommended $45 as its price target on February 14, 2024. Citigroup downgraded its rating to Neutral for this stock on February 07, 2024, but kept the price target unchanged to $41. In a note dated January 04, 2024, Jefferies downgraded an Hold rating on this stock but restated the target price of $40.

Steven Madden Ltd [SHOO] stock has fluctuated between $36.56 and $50.01 over the past year. Currently, Wall Street analysts expect the stock to reach $44.6 within the next 12 months. Steven Madden Ltd [NASDAQ: SHOO] shares were valued at $44.84 at the most recent close of the market. An investor can expect a potential drop of -0.54% based on the average SHOO price forecast.

Analyzing the SHOO fundamentals

Steven Madden Ltd [NASDAQ:SHOO] reported sales of 2.22B for the trailing twelve months, which represents a growth of 13.02%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.21 and Total Capital is 0.23.

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 44.46 points at the first support level, and at 44.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.13, and for the 2nd resistance point, it is at 45.43.

Ratios To Look Out For

For context, Steven Madden Ltd’s Current Ratio is 2.09. In addition, the Quick Ratio stands at 1.49 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 3.88 and price to earnings (TTM) ratio is 19.04.

Transactions by insiders

Recent insider trading involved Davis Peter Allan, Director, that happened on Nov 25 ’24 when 500.0 shares were sold. Director, Peter Davis completed a deal on Nov 25 ’24 to buy 500.0 shares. Meanwhile, Director Kumar Maria Teresa sold 8646.0 shares on Sep 04 ’24.

Related Posts