As of Friday close, Steven Madden Ltd.’s (NASDAQ:SHOO) stock was up $0.66, moving up 1.94 percent to $34.72. The average number of shares traded per day over the past five days has been 739,980 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 777,165, while in the previous 50 days, it was 837,142.
Since last month, SHOO stock rose 7.96%. Shares of the company fell to $32.05 on 07/20/23, the lowest level in the past month. A 52-week high of $37.85 was reached on 02/02/23 after having rallying from a 52-week low of $26.36. Since the beginning of this year, SHOO’s stock price has risen by 8.64% or $2.76, and marked a new high 11 times. However, the stock has declined by -8.28% since its 52-week high.
SHOO stock investors should be aware that Steven Madden Ltd. (SHOO) stock had its last reported insider trading activity 5 days ago on Aug 14. MIGLIORINI PETER, the Director of the company, disposed of 3,989 shares for $34.54 on Aug 14. It resulted in a $137,788 divestment by the insider. Frieders Karla sold 5,000 shares at an average price of $34.15 on Jun 16. The insider now owns 120,542 shares following the transaction. On Mar 15, Chief Executive Officer Rosenfeld Edward R. sold 58,000 shares at $34.34 apiece. The transaction was valued at $1,992,010.
Valuation Metrics
Right now, Steven Madden Ltd. (SHOO) has a P/E ratio of about 16.13. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 3.10, and the price-to-cash flow ratio of 8.99 may also be considered.
The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21.
Financial Health
In the three months ended June 29, Steven Madden Ltd.’s quick ratio stood at 2.00, while its current ratio was 2.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 42.00% percent. In the year ended June 29, EBITDA margin amounted to 13.94%, whereas operating margins totaled 10.80%. Based on annual data, SHOO earned $873.84 million in gross profit and brought in $2.12 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.00%. Return on equity (ROE) for the past 12 months was 19.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SHOO’s revenue fell -20.14% to $463.83 million during the quarter, while net income inched up to $445.3 million. While analysts expected Steven Madden Ltd. to report $0.46 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 2.20%. During the quarter, the company generated $48.03 million in EBITDA. The liabilities of Steven Madden Ltd. were 428.53 million at the end of its most recent quarter ended June 29, and its total debt was $132.87 million. The value of shareholders’ equity is $75.31 million.
Technical Picture
This quick technical analysis looks at Steven Madden Ltd.’s (SHOO) price momentum. With a historical volatility rate of 17.53%, the RSI 9-day stood at 52.89% on 18 August.
With respect to its five-day moving average, the current Steven Madden Ltd. price is down by -0.74% percent or -$0.26. At present, SHOO shares trade +7.06% above its 20-day simple moving average and -1.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.03% above its SMA50 and +16.24% above its SMA200.
Stochastic coefficient K was 49.65% and Stochastic coefficient D was 54.45%, while ATR was 1.02. Given the Stochastic reading of 55.68% for the 14-day period, the RSI (14) reading has been calculated as 54.56%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -0.47.
Analyst Ratings
Citigroup upgraded its rating on Steven Madden Ltd. (NASDAQ: SHOO) to a Buy in a note to investors on April 13, 2023. The analysts firm previously had a Neutral rating on the stock.Steven Madden Ltd. (SHOO) has been rated Overweight by analysts. According to 0 brokerage firms, SHOO is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Steven Madden Ltd. stock as buy, with 4 recommending it as overweight.
With a median target price of $39.50, the current consensus forecast for the stock is $35.00 – $44.00. Based on these forecasts, analysts predict Steven Madden Ltd. (SHOO) will achieve an average price target of $39.13.
