Steven Madden Ltd. (NASDAQ: SHOO) is -0.90% lower on its value in year-to-date trading and has touched a low of $29.92 and a high of $45.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SHOO stock was last observed hovering at around $42.21 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $41.62, the stock is -3.10% and -1.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -1.40% at the moment leaves the stock 14.25% off its SMA200. SHOO registered 17.97% gain for a year compared to 6-month gain of 31.75%. The firm has a 50-day simple moving average (SMA 50) of $1.51 and a 200-day simple moving average (SMA200) of $12.75.
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The stock witnessed a -0.88% loss in the last 1 month and extending the period to 3 months gives it a 3.97%, and is -1.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 2.53% over the month.
Steven Madden Ltd. (SHOO) has around 4200 employees, a market worth around $3.08B and $1.98B in sales. Current P/E ratio is 18.07 and Fwd P/E is 13.96. Profit margin for the company is 8.66%. Distance from 52-week low is 39.10% and -8.79% from its 52-week high. The company has generated returns on investments over the last 12 months (18.48%).
Steven Madden Ltd. quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $526.39M over the same period.The EPS is expected to grow by 6.93% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 14.00% in year-over-year returns.
329 institutions hold shares in Steven Madden Ltd. (SHOO), with institutional investors hold 111.72% of the company’s shares. The shares outstanding are 73.68M, and float is at 69.98M with Short Float at 4.39%. Institutions hold 105.64% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 11.45 million shares valued at $374.26 million. The investor’s holdings represent 15.20% of the SHOO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.25 million shares valued at $269.67 million to account for 10.95% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 5.95 million shares representing 7.90% and valued at over $194.44 million, while Macquarie Group Limited holds 6.98% of the shares totaling 5.26 million with a market value of $171.94 million.
Steven Madden Ltd. (SHOO) Insider Activity
The most recent transaction is an insider sale by Keith Lisa, the company’s EVP, Gen. Counsel, Secretary. SEC filings show that Keith Lisa sold 2,400 shares of the company’s common stock on Mar 14 ’24 at a price of $41.73 per share for a total of $0.1 million. Following the sale, the insider now owns 20687.0 shares.
Steven Madden Ltd. disclosed in a document filed with the SEC on Mar 07 ’24 that Davis Peter Allan (Director) sold a total of 1,200 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $42.13 per share for $50560.0. Following the transaction, the insider now directly holds 5751.0 shares of the SHOO stock.
Still, SEC filings show that on Dec 14 ’23, Frieders Karla (Chief Merchandising Officer) disposed off 16,794 shares at an average price of $41.97 for $0.7 million. The insider now directly holds 103,748 shares of Steven Madden Ltd. (SHOO).
