Market Analysts Evaluate Steven Madden (NASDAQ: SHOO) Performance
Market analysts have recently shared their diverse perspectives on Steven Madden, offering a range of opinions from optimistic to cautious. Over the past three months, a total of 7 analysts have provided ratings on the company.
In the last 30 days, one analyst remained indifferent towards Steven Madden, while a month ago, 5 analysts also expressed indifference. Two months ago, another analyst maintained a neutral stance, with no ratings provided three months ago.
When it comes to price targets, analysts have set 12-month projections for Steven Madden, with an average target of $41.43. The high estimate stands at $45.00, while the low estimate is $38.00. Notably, the current average target reflects a 7.61% increase from the previous average of $38.50.
Key actions from prominent analysts include Paul Lejuez from Citigroup raising the rating to Neutral with a price target of $43.00, up from $41.00. Sam Poser from Williams Trading announced a Hold rating with a price target of $44.00. Dana Telsey from Telsey Advisory Group maintained a Market Perform rating with a price target of $39.00. Abbie Zvejnieks from Piper Sandler announced a Neutral rating with a price target of $45.00. Tom Nikic from Wedbush raised the rating to Neutral with a price target of $38.00, previously $36.00. Corey Tarlowe from Jefferies announced a Hold rating with a price target of $40.00.
Analysts frequently update their recommendations in response to market dynamics and company performance, showcasing shifts in their perspectives. For further insights and analyst forecasts, interested parties can explore sources such as TipRanks, MarketBeat, and The Wall Street Journal.
SHOO Stock Price Decreases Slightly on February 29, 2024: What Investors Need to Know
On February 29, 2024, SHOO stock experienced a slight decrease in its price performance. The stock opened at $43.99, which was $0.72 higher than its previous close. However, throughout the day, the price of SHOO shares dropped by $0.75, resulting in a 1.73% decrease in value.
Investors should take note of the price momentum of SHOO and consider the overall trend of the stock before making any investment decisions. It is important to conduct thorough research and analysis to understand the factors influencing the stock’s performance and make informed choices.
SHOO Stock Sees Decline in Revenue and Net Income in 2024: Whats Next for Investors?
On February 29, 2024, SHOO stock experienced a decline in its total revenue and net income compared to the previous year and quarter. According to data from CNN Money, the total revenue for the company was $1.97 billion over the past year, which decreased by 7.09% compared to the previous year. In the fourth quarter of the fiscal year, the total revenue was $517.05 million, showing a 6.45% decrease from the previous quarter.
Similarly, the net income for SHOO was $171.55 million over the past year, marking a 20.6% decrease from the previous year. In the fourth quarter, the net income was $35.88 million, reflecting a significant 44.3% decrease from the previous quarter.
Earnings per share (EPS) for SHOO were $2.30 over the past year, which decreased by 16.9% compared to the previous year. In the fourth quarter, the EPS was $0.49, holding flat from the previous quarter.
These financial metrics indicate a challenging period for SHOO. Investors and analysts will likely closely monitor SHOO’s performance in the coming months to see if the company can reverse these negative trends and improve its financial outlook. It will be crucial for SHOO to implement strategic measures to boost revenue and profitability in order to regain investor confidence and drive stock performance in a positive direction.
