The price of Steven Madden Ltd. (NASDAQ: SHOO) closed at $40.73 in the last session, down -0.85% from day before closing price of $41.08. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 913330 shares were traded.
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Ratios:
We take a closer look at SHOO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on February 29, 2024, Reiterated its Market Perform rating but revised its target price to $44 from $39 previously.
On February 14, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $45.
Citigroup Downgraded its Buy to Neutral on February 07, 2024, while the target price for the stock was maintained at $41.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Rosenfeld Edward R. sold 48,500 shares for $41.49 per share. The transaction valued at 2,012,144 led to the insider holds 697,038 shares of the business.
Mazouzi Zine sold 7,246 shares of SHOO for $301,836 on Mar 14 ’24. The Chief Financial Officer now owns 68,785 shares after completing the transaction at $41.66 per share. On Mar 14 ’24, another insider, Keith Lisa, who serves as the EVP, Gen. Counsel, Secretary of the company, sold 2,400 shares for $41.73 each. As a result, the insider received 100,148 and left with 20,687 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SHOO now has a Market Capitalization of 3.01B and an Enterprise Value of 2.93B. As of this moment, Steven’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.68, and their Forward P/E ratio for the next fiscal year is 13.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 1.48 whereas that against EBITDA is 12.47.
Stock Price History:
Over the past 52 weeks, SHOO has reached a high of $45.63, while it has fallen to a 52-week low of $29.92. The 50-Day Moving Average of the stock is 42.34, while the 200-Day Moving Average is calculated to be 36.67.
Shares Statistics:
According to the various share statistics, SHOO traded on average about 795.75K shares per day over the past 3-months and 1.52M shares per day over the past 10 days. A total of 73.68M shares are outstanding, with a floating share count of 69.98M. Insiders hold about 5.43% of the company’s shares, while institutions hold 104.98% stake in the company. Shares short for SHOO as of Feb 29, 2024 were 3.07M with a Short Ratio of 3.86, compared to 3.15M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.15% and a Short% of Float of 5.93%.
Dividends & Splits
The forward annual dividend rate for SHOO is 0.84, which was 0.84 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.04%, it implies a Forward Annual Dividend Yield of 2.06%. The stock’s 5-year Average Dividend Yield is 1.77. The current Payout Ratio is 36.51% for SHOO, which recently paid a dividend on Mar 22, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Oct 12, 2018 when the company split stock in a 3:2 ratio.
Earnings Estimates
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.56 for the current quarter, with a high estimate of $0.62 and a low estimate of $0.5, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.52, with high estimates of $0.58 and low estimates of $0.44.
Analysts are recommending an EPS of between $2.7 and $2.55 for the fiscal current year, implying an average EPS of $2.62. EPS for the following year is $2.98, with 10 analysts recommending between $3.21 and $2.84.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $526.39M. It ranges from a high estimate of $534.43M to a low estimate of $518M. As of the current estimate, Steven Madden Ltd.’s year-ago sales were $461.74M, an estimated increase of 14.00% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $508.83M, an increase of 11.30% less than the figure of $14.00% in the same quarter last year. There is a high estimate of $516.77M for the next quarter, whereas the lowest estimate is $496M.
A total of 10 analysts have provided revenue estimates for SHOO’s current fiscal year. The highest revenue estimate was $2.23B, while the lowest revenue estimate was $2.19B, resulting in an average revenue estimate of $2.21B. In the same quarter a year ago, actual revenue was $1.98B, up 11.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.33B in the next fiscal year. The high estimate is $2.39B and the low estimate is $2.29B. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.
