In the past week, SHOO stock has gone up by 8.57%, with a monthly gain of 10.17% and a quarterly surge of 9.41%. The volatility ratio for the week is 2.99%, and the volatility levels for the last 30 days are 2.33% for Steven Madden Ltd. The simple moving average for the past 20 days is 7.26% for SHOO’s stock, with a 12.89% 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 19.53x, which is above its average ratio. Moreover, the 36-month beta value for SHOO is 1.09. 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.”
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The public float for SHOO is 68.58M and currently, short sellers hold a 4.16% of that float. On September 20, 2024, SHOO’s average trading volume was 664.09K shares.
SHOO) stock’s latest price update
Steven Madden Ltd. (NASDAQ: SHOO)’s stock price has increased by 0.91 compared to its previous closing price of 47.46. However, the company has seen a 8.57% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that Steven Madden (SHOO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.
Analysts’ Opinion of SHOO
Many brokerage firms have already submitted their reports for SHOO stocks, with Piper Sandler repeating the rating for SHOO by listing it as a “Neutral.” The predicted price for SHOO in the upcoming period, according to Piper Sandler is $45 based on the research report published on August 23, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see SHOO reach a price target of $50, previously predicting the price at $44. The rating they have provided for SHOO stocks is “Market Perform” according to the report published on August 01st, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to SHOO, setting the target price at $44 in the report published on February 29th of the current year.
SHOO Trading at 8.85% 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 -1.44% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +7.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.94% upper at present.
During the last 5 trading sessions, SHOO rose by +8.57%, which changed the moving average for the period of 200-days by +23.24% in comparison to the 20-day moving average, which settled at $44.81. In addition, Steven Madden Ltd. saw 14.02% 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 Kumar Maria Teresa, who sale 8,646 shares at the price of $43.99 back on Sep 04 ’24. After this action, Kumar Maria Teresa now owns 4,400 shares of Steven Madden Ltd., valued at $380,299 using the latest closing price.
Maria Teresa Kumar, the Director of Steven Madden Ltd., proposed sale 8,646 shares at $45.00 during a trade that took place back on Sep 04 ’24, which means that Maria Teresa Kumar is holding shares at $389,070 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 0.08. The total capital return value is set at 0.25. Equity return is now at value 22.00, with 13.58 for asset returns.
Based on Steven Madden Ltd. (SHOO), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 1.52. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 32.8.
Currently, EBITDA for the company is 234.44 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 5.67for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
To wrap up, the performance of Steven Madden Ltd. (SHOO) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
