With 2.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.77 million shares. The 52-week range on SHOO shows that it touched its highest point at $50.01 and its lowest point at $34.56 during that stretch. It currently has a 1-year price target of $38.11. With its current market cap of 2.40 billion, SHOO has annualized dividend of $0.84 while the current yield stands at 2.53%. Beta for the stock currently stands at 1.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SHOO was down-trending over the past week, with a drop of -14.16%, but this was down by -19.97% over a month. Three-month performance dropped to -23.46% while six-month performance fell -26.44%. The stock lost -23.95% in the past year, while it has lost -21.87% so far this year. A look at the trailing 12-month EPS for SHOO yields 2.36 with Next year EPS estimates of 2.84. For the next quarter, that number is 0.49. This implies an EPS growth rate of -10.41% for this year and 18.58% for next year. EPS is expected to grow by 7.44% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.82%.
Float and Shares Shorts:
At present, 72.19 million SHOO shares are outstanding with a float of 68.18 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SHOO since 8 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.66365 being high and $2.63372 being low. For SHOO, this leads to a yearly average estimate of $2.65367. Based on analyst estimates, the high estimate for the next quarter is $0.5 and the low estimate is $0.41. The average estimate for the next quarter is thus $0.47.
