Steve Madden (SHOO, Financial) experienced significant stock movement, plummeting by 5.05%. The stock is currently priced at $46.86 per share with a trading volume of approximately 202,957 shares, indicating a turnover rate of 0.28% and a price fluctuation of 4.48%.
Recent financial reports reveal that Steve Madden achieved a revenue of $524 million, with a net profit of $35.38 million. The earnings per share stood at $0.50, and the gross profit was reported at $212 million. The company's price-to-earnings (P/E) ratio is 19.23.
In terms of analyst recommendations, 22% of the nine rating institutions suggest a "buy," while 78% recommend holding the stock. No institution has advised selling Steve Madden shares.
Within the shoe and accessories sector, where Steve Madden operates, there was an overall decline of 0.56%. Noteworthy performers in the industry included American Rebel Holdings Inc C/Wts 20/01/2027 (To Pur Com), Fossil Group, and Weyco Group, which saw significant gains. Meanwhile, active stocks included Forward Industries, American Rebel Holdings, Inc., and Deckers Outdoor Corporation with notable turnover rates. Stocks with considerable fluctuations included Forward Industries, American Rebel Holdings, Inc., and Designer Brands Inc.
Steve Madden, Ltd. designs and sells branded and private-label footwear and accessories targeting fashion-conscious adults and children. Their products are distributed through department stores, third-party retailers, and owned stores and websites. The company's revenue is primarily driven by its wholesale footwear division.
