In the past week, SHOO stock has gone down by -1.71%, with a monthly decline of -6.16% and a quarterly plunge of -8.21%. The volatility ratio for the week is 1.72%, and the volatility levels for the last 30 days are 2.07% for Steven Madden Ltd. The simple moving average for the past 20 days is -5.11% for SHOO’s stock, with a 3.08% simple moving average for the past 200 days.
Is It Worth Investing in Steven Madden Ltd. (NASDAQ: SHOO) Right Now?
The price-to-earnings ratio for Steven Madden Ltd. (NASDAQ: SHOO) is 16.74x, which is above its average ratio. Moreover, the 36-month beta value for SHOO is 1.17. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for SHOO is 69.91M and currently, short sellers hold a 3.86% of that float. On April 19, 2024, SHOO’s average trading volume was 854.15K shares.
SHOO) stock’s latest price update
Steven Madden Ltd. (NASDAQ: SHOO)’s stock price has plunge by -0.67relation to previous closing price of 38.81. Nevertheless, the company has seen a -1.71% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Steven Madden (SHOO) is boosting market presence and value through strategic product diversification, digital enhancements and global expansion.
Analysts’ Opinion of SHOO
Many brokerage firms have already submitted their reports for SHOO stocks, with Telsey Advisory Group repeating the rating for SHOO by listing it as a “Market Perform.” The predicted price for SHOO in the upcoming period, according to Telsey Advisory Group is $44 based on the research report published on February 29, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see SHOO reach a price target of $45. The rating they have provided for SHOO stocks is “Neutral” according to the report published on February 14th, 2024.
Citigroup gave a rating of “Neutral” to SHOO, setting the target price at $41 in the report published on February 07th of the current year.
SHOO Trading at -7.63% from the 50-Day Moving Average
After a stumble in the market that brought SHOO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.52% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -5.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.84% lower at present.
During the last 5 trading sessions, SHOO fell by -1.71%, which changed the moving average for the period of 200-days by +17.21% in comparison to the 20-day moving average, which settled at $40.52. In addition, Steven Madden Ltd. saw -8.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHOO starting from Rosenfeld Edward R., who sale 48,500 shares at the price of $41.49 back on Mar 15 ’24. After this action, Rosenfeld Edward R. now owns 697,038 shares of Steven Madden Ltd., valued at $2,012,144 using the latest closing price.
Mazouzi Zine, the Chief Financial Officer of Steven Madden Ltd., sale 7,246 shares at $41.66 during a trade that took place back on Mar 14 ’24, which means that Mazouzi Zine is holding 68,785 shares at $301,836 based on the most recent closing price.
Stock Fundamentals for SHOO
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.42 for the gross margin
The net margin for Steven Madden Ltd. stands at 0.09. The total capital return value is set at 0.23. Equity return is now at value 20.65, with 13.17 for asset returns.
Based on Steven Madden Ltd. (SHOO), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.65. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is -27467.75.
Currently, EBITDA for the company is 234.44 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 5.49for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.
Conclusion
To wrap up, the performance of Steven Madden Ltd. (SHOO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
