The stock of Steven Madden Ltd. (NASDAQ:SHOO) increased by $0.08 on Friday to finish at $33.61, up 0.24 percent. The last five days have seen an average of 737,560 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.65. The average number of shares traded over the last 20 days was 783,905, while the average volume over the last 50 days totaled 812,554.
SHOO stock appreciated 0.90% since last month. On 08/01/23, the company’s shares reached a one-month low of $32.32. The stock touched a high of $37.85 on 02/02/23, after rallying from a low of $26.36 in 52 weeks. The price of SHOO stock has risen by 5.16% or $1.65 this year, reaching a new high 11 times. Still, the stock price is down -11.21% from the 52-week high.
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Insider Transactions
SHOO stock investors should be aware that Steven Madden Ltd. (SHOO) stock had its last reported insider trading activity 14 days ago on Aug 14. On Aug 14, Director MIGLIORINI PETER sold 3,989 shares at $34.54 each. This transaction resulted in the insider making $137,788. On Jun 16, Frieders Karla sold 5,000 shares at a price of US$34.15. After the transaction, the insider now owns 120,542 shares. Chief Executive Officer Rosenfeld Edward R. had earlier sold 58,000 shares on Mar 15 for $34.34 a share. The transaction was completed for $1,992,010.
Valuation Metrics
Steven Madden Ltd. (SHOO) has a trailing price-to-earnings (P/E) ratio of 15.61. Beta for the stock is 1.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.30, the price-to-book (PB) ratio of 3.00, and the price-to-cash flow ratio of 8.68.
Company paid $0.21 per share in dividends, remained unchanged from $0.21 last year.
Financial Health
For the three months ended June 29, Steven Madden Ltd.’s quick ratio was 2.00, while its current ratio was 2.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 42.00% percent. Steven Madden Ltd.’s EBITDA margin for the year ended June 29 was 13.94%, whereas its operating margin stood at 10.80% for the same period. Based on annual data, it had gross profit of $873.84 million and revenue of $2.12 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SHOO’s return on assets (ROA) during the last 12 months has been 13.30%. There was a 26.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.80%.
Earnings Surprise
According to Steven Madden Ltd.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $445.3 million, while revenues fell by -20.14% to $463.83 million. It was predicted that Steven Madden Ltd.’s quarterly earnings would be $0.47, but it ended up being $0.46, beating the consensus by 2.20%. EBITDA was $48.03 million for the quarter. At the end of Steven Madden Ltd.’s most recent quarter ended June 29, its liabilities totaled 428.53 million, while its total debt was $132.87 million. Equity owned by shareholders amounts to $75.31 million.
Technical Picture
Here’s a quick look at Steven Madden Ltd.’s (SHOO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 39.95%, suggesting the stock is Neutral, with a 20.30% historical volatility rate.
The stochastic %K and %D were 16.98% and 19.23% respectively, while the average true range (ATR) was 0.93. Based on the 14-day stochastic reading of 16.73%, the RSI (14) reading is 45.32%. On the 9-day MACD Oscillator, the stock is at -0.48, and the 14-day reading is at -0.78.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on Steven Madden Ltd. (NASDAQ: SHOO) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Steven Madden Ltd. (SHOO) an Overweight rating. SHOO is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is SHOO’s price target for the next 12 months?
The current consensus forecast for the stock is between $35.00 and $44.00, with a median target price of $39.50. In analyzing these forecasts, the average price target given by analysts for Steven Madden Ltd. (SHOO) is $39.13.
