At the time of writing, Steven Madden Ltd [SHOO] stock is trading at $38.24, up 1.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SHOO shares have gain 2.55% over the last week, with a monthly amount drifted -6.55%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Steven Madden Ltd fluctuated between $36.40 and $50.01. Currently, Wall Street analysts expect the stock to reach $41.67 within the next 12 months. Steven Madden Ltd [NASDAQ: SHOO] shares were valued at $38.24 at the most recent close of the market. An investor can expect a potential return of 8.97% based on the average SHOO price forecast.
Analyzing the SHOO fundamentals
According to Steven Madden Ltd [NASDAQ:SHOO], the company’s sales were 2.22B for trailing twelve months, which represents an 13.02% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 37.64 points at the first support level, and at 37.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.65, and for the 2nd resistance point, it is at 39.06.
Ratios To Look Out For
It is important to note that Steven Madden Ltd [NASDAQ:SHOO] has a current ratio of 2.09. Further, the Quick Ratio stands at 1.49, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 16.24.
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.
