The price-to-earnings ratio for Steven Madden Ltd. (NASDAQ: SHOO) is above average at 18.11x. The 36-month beta value for SHOO is also noteworthy at 1.10. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for SHOO is 69.34M, and at present, short sellers hold a 3.28% of that float. The average trading volume of SHOO on June 19, 2024 was 635.12K shares.
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SHOO) stock’s latest price update
Steven Madden Ltd. (NASDAQ: SHOO) has experienced a rise in its stock price by 0.41 compared to its previous closing price of 43.68. However, the company has seen a gain of 0.44% in its stock price over the last five trading days. zacks.com reported 2024-06-11 that Steven Madden (SHOO) drives growth through digital prowess, product diversification, global expansion and bolstering its core US wholesale footwear business.
SHOO’s Market Performance
Steven Madden Ltd. (SHOO) has experienced a 0.44% rise in stock performance for the past week, with a 5.28% rise in the past month, and a 6.77% rise in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 2.22% for SHOO. The simple moving average for the past 20 days is 0.92% for SHOO’s stock, with a 12.11% simple moving average for the past 200 days.
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 5.44% 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 -4.47% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +4.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.61% upper at present.
During the last 5 trading sessions, SHOO rose by +0.44%, which changed the moving average for the period of 200-days by +27.13% in comparison to the 20-day moving average, which settled at $43.56. In addition, Steven Madden Ltd. saw 4.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SHOO starting from MIGLIORINI PETER, who sale 3,000 shares at the price of $43.81 back on Jun 12 ’24. After this action, MIGLIORINI PETER now owns 16,006 shares of Steven Madden Ltd., valued at $131,438 using the latest closing price.
LYNCH ROSE PEABODY, the Director of Steven Madden Ltd., sale 1,600 shares at $44.41 during a trade that took place back on Jun 05 ’24, which means that LYNCH ROSE PEABODY is holding 21,303 shares at $71,058 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
- 0.41 for the gross margin
The net margin for Steven Madden Ltd. stands at 0.09. The total capital return value is set at 0.24. Equity return is now at value 21.72, with 14.25 for asset returns.
Based on Steven Madden Ltd. (SHOO), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.59. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 24.94.
Currently, EBITDA for the company is 234.44 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
In summary, Steven Madden Ltd. (SHOO) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
