Steven Madden Ltd. [NASDAQ: SHOO] traded at a low on Thursday, posting a -1.31 loss after which it closed the day’ session at $42.96.
The results of the trading session contributed to over 744163 shares changing hands. Over the past one week, the price volatility of Steven Madden Ltd. stands at 2.31% while the volatility over the past one month is 2.12%.
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The market cap for SHOO stock reached $3.15 billion, with 73.68 million shares outstanding and 69.33 million shares in the current float. Compared to the average trading volume of 744.87K shares, SHOO reached a trading volume of 744163 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Steven Madden Ltd. [SHOO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHOO shares is $44.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHOO stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Steven Madden Ltd. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on February 14, 2024, representing the official price target for Steven Madden Ltd. stock. Previously, the target price had yet another raise to $41, while Citigroup analysts kept a Neutral rating on SHOO stock.
The Average True Range (ATR) for Steven Madden Ltd. is set at 1.03, with the Price to Sales ratio for SHOO stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 3.82, with the Price to Cash per share for the same quarter was set at 1.95. Price to Free Cash Flow for SHOO in the course of the last twelve months was 15.22 with Quick ratio for the last quarter at 1.82.
How has SHOO stock performed recently?
Steven Madden Ltd. [SHOO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.19. With this latest performance, SHOO shares gained by 1.20% in over the last four-week period, additionally plugging by 7.32% over the last 6 months – not to mention a rise of 25.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHOO stock in for the last two-week period is set at 50.07, with the RSI for the last a single of trading hit 44.23, and the three-weeks RSI is set at 52.17 for Steven Madden Ltd. [SHOO]. The present Moving Average for the last 50 days of trading for this stock 41.49, while it was recorded at 43.75 for the last single week of trading, and 39.03 for the last 200 days.
Steven Madden Ltd. [SHOO]: Deeper insight into the fundamentals
Steven Madden Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.82 and a Current Ratio set at 2.43.
Earnings analysis for Steven Madden Ltd. [SHOO]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHOO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Steven Madden Ltd. go to 10.00%.
Insider trade positions for Steven Madden Ltd. [SHOO]
The top three institutional holders of SHOO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SHOO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SHOO stock with ownership which is approximately 5.8386%.
