What Steven Madden Ltd. (SHOO) Insiders Are Up To

Steven Madden Ltd. (NASDAQ:SHOO) finished Friday with an addition of $0.58 to close at $44.48, an upside of 1.32 percent. An average of 583,600 shares of common stock have been traded in the last five days. There was a gain of $1.66 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 530,380 shares traded, while the 50-day average volume stands at 697,304.

SHOO stock has increased by 4.66% in the last month. The company shares reached their 1-month lowest point of $39.53 on 10/06/21. With the stock rallying to its 52-week high on 06/25/21, shares of the company touched a low of $22.04 and a high of $45.87 in 52 weeks. It has reached a new high 23 times so far this year and achieved 25.93% or $9.16 in price. In spite of this, the price is down -3.03% from the 52-week high.


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Insider Transactions

74 days have passed since Steven Madden Ltd. (SHOO) last reported insider trading activity. Smith Robert Garrett, who is Director, most recently acquired $3,710 shares at $42.91 per share on Aug 10. In this transaction, the insider spent $159,207. Chief Operating Officer, SINHA AWADHESH K, disposed of 20,239 shares at a price of $43.07 on May 11. The insider now owns more than $871,763 worth of shares. Prior to that, Chief Operating Officer SINHA AWADHESH K went on to Sale 20,239 shares at $43.07 each on May 07. An amount of $871,763 was transacted.

Valuation Metrics

Steven Madden Ltd. (SHOO) has a trailing price-to-earnings (P/E) ratio of 52.08, which compares with the 15.40 for the broader industry and 32.04 for the sector. In the last five years, Steven Madden Ltd.’s PE ratio has ranged between 178.72 and 10.43. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.49, the price-to-book (PB) ratio at 4.53, and the price-to-cash flow ratio at 74.97.

Steven Madden Ltd. pays a $0.60 dividend per share annually. It offers a dividend yield of 1.35%. The company has a payout ratio of 32.10%. The company’s most recent quarterly dividend payment took place on Sep. 27, and it was $0.15 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.01 reported on Monday October 28 2019.

The quick ratio of Steven Madden Ltd. for the three months ended June 29 was 2.20, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Steven Madden Ltd.’s EBITDA margin for the year ending June 29 is 5.43%, while its operating margin for the same period stands at 6.50%. Its gross profit as reported stood at $464.54 million compared to revenue of $1.2 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Steven Madden Ltd.’s return on assets was 6.40%. For the broader industry, ROE averaged 9.42 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Steven Madden Ltd. had $40.51 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $37.34 million in the quarter, while revenues of $21.2 million were grew 144.43%. The analyst consensus anticipated Steven Madden Ltd.’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.48, a 54.80% surprise. For the quarter, EBITDA amounted to $52.16 million. Shareholders own equity worth $81.95 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Steven Madden Ltd. (SHOO) price momentum. RSI 9-day as of the close on 22 October was 74.19%, suggesting the stock is Overbought, with historical volatility in this time frame at 16.44%.

As of today, SHOO’s price is $43.40 +3.88% or $1.66 from its 5-day moving average. SHOO is currently trading +5.68% higher than its 20-day SMA and +7.75% higher than its 100-day SMA. However, the stock’s current price level is +5.18% above the SMA50 and +22.20% above the SMA200.

The stochastic %K and %D were 85.73% and 82.69%, respectively, and the average true range (ATR) was 1.23. With the 14-day stochastic at 91.16% and the average true range at 1.24, the RSI (14) stands at 67.99%. The stock has reached 0.68 on the 9-day MACD Oscillator while the 14-day reading was at 1.27.

Analyst Ratings

Wedbush launched coverage on Steven Madden Ltd. (NASDAQ: SHOO) in its analyst report released on October 05, 2021. The firm assigned the stock a an Outperform rating. The consensus rating for Steven Madden Ltd. (SHOO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SHOO, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is SHOO’s price target for the next 12 months?

Analysts predict a range of price targets between $44.00 and $59.00, with a median target of $49.50. Taking a look at these predictions, the average price target given by analysts for Steven Madden Ltd. (SHOO) stock is $49.20.

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