During the last session, Steven Madden Ltd. (NASDAQ:SHOO)’s traded shares were 0.57 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $39.71, reflecting an intraday loss of -1.81% or -$0.73. The 52-week high for the SHOO share is $45.87, that puts it down -15.51 from that peak though still a striking 53.49% gain since the share price plummeted to a 52-week low of $18.47. The company’s market capitalization is $3.17B, and the average intraday trading volume over the past 10 days was 0.5 million shares, and the average trade volume was 715.50K shares over the past three months.
Steven Madden Ltd. (SHOO) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.60. SHOO has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.76.
Steven Madden Ltd. (NASDAQ:SHOO) trade information
Steven Madden Ltd. (SHOO) registered a -1.81% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.81% in intraday trading to $39.71 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is -4.04%, and it has moved by -5.11% in 30 days. Based on these gigs, the overall price performance for the year is 85.21%. The short interest in Steven Madden Ltd. (NASDAQ:SHOO) is 2.13 million shares and it means that shorts have 3.62 day(s) to cover.
The consensus price target of analysts on Wall Street is $48.22, which implies an increase of 17.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $44.00 and $57.00 respectively. As a result, SHOO is trading at a discount of -43.54% off the target high and -10.8% off the low.
Steven Madden Ltd. (SHOO) estimates and forecasts
Statistics show that Steven Madden Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. Steven Madden Ltd. (SHOO) shares have gone up 5.64% during the last six months, with a year-to-date growth rate more than the industry average at 225.00% against 18.40. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 94.90% this quarter and then jump 96.30% in the quarter after that. In the rating firms’ projections, revenue will increase 47.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $518.41 million as predicted by 6 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $472.18 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $342.83 million and $349.07 million respectively. In this case, analysts expect current quarter sales to grow by 51.20% and then jump by 35.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -17.40%. While earnings are projected to return -117.00% in 2021, the next five years will return 10.00% per annum.
Steven Madden Ltd. is due to release its next quarterly earnings between October 25 and October 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Steven Madden Ltd. is 0.60, with the dividend yield indicating at 1.51 percent, continuing the trend of increasing dividends in recent years.
Steven Madden Ltd. (NASDAQ:SHOO)’s Major holders
Steven Madden Ltd. insiders own 6.10% of total outstanding shares while institutional holders control 94.71%, with the float percentage being 100.86%. Blackrock Inc. is the largest shareholder of the company, while 323 institutions own stock in it. As of Mar 30, 2021, the company held over 12.45 million shares (or 15.04% of all shares), a total value of $463.76 million in shares.
The next largest institutional holding, with 8.04 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.71% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $299.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of Steven Madden Ltd. (SHOO) shares are iShares Core S&P Smallcap ETF and Victory Portfolios-Sycamore Small Company Opportunity Fund. Data provided on May 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 5.19 million shares. This amounts to just over 6.27 percent of the company’s overall shares, with a $214.98 million market value. The same data shows that the other fund manager holds slightly less at 2.58 million, or about 3.11% of the stock, which is worth about $86.52 million.