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Shoe Zone Plc (SHOE) Share Price

SHOE Shoe Zone Plc

205.00

2.50 (1.23%)

16 Apr 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Shoe Zone Plc	LSE:SHOE	London	Ordinary Share	GB00BLTVCF91	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	2.50	1.23%	205.00	77,424	10:09:51

Bid Price		Offer Price	High Price	Low Price	Open Price
200.00		210.00	205.00	197.50	200.00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Footwear-wholesale	165.66M	13.22M	0.2860	7.17	94.77M

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:18:41	O	49	203.50	GBX

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Shoe Zone (SHOE) Latest News (2)

Shoe Zone News

Date	Time	Source	Headline
16/4/2024	07:00	UK RNS	Shoe Zone PLC Directorate Change
26/3/2024	15:37	UK RNS	Shoe Zone PLC Holding(s) in Company
12/3/2024	11:51	UK RNS	Shoe Zone PLC Result of Annual General Meeting
12/3/2024	10:33	ALNC	Shoe Zone shares take hit as trades "marginally" below expectations
12/3/2024	10:00	UK RNS	Shoe Zone PLC AGM Statement
31/1/2024	07:00	UK RNS	Shoe Zone PLC Posting of Annual Report, AGM & Dividend Timetable
09/1/2024	10:32	ALNC	Shoe Zone confident for future as annual profit rises; lifts dividend
09/1/2024	07:00	UKREG	Shoe Zone PLC Final Results
17/10/2023	10:16	ALNC	Shoe Zone predicts profit rise on strong summer, back to school sales
17/10/2023	07:00	UKREG	Shoe Zone PLC Full Year Trading Update

More Shoe Zone News

Shoe Zone Investors Shoe Zone Takeover Rumours

Shoe Zone (SHOE) Discussions and Chat

Shoe Zone Forums and Chat

Date	Time	Title	Posts
16/4/2024	10:27	SHOE digital sales 100% up year on year.	2,227
01/11/2021	15:44	Time for a rebound	156
01/8/2021	16:43	Shoe Zone - UK mass market retailer of footwear	703
19/2/2021	18:02	please ignore feet wear - just mucking around	-

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Shoe Zone (SHOE) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
15:18:42	203.50	49	99.72	O
15:13:44	203.50	976	1,986.16	O
14:57:43	203.50	56	113.96	O
14:55:52	201.60	4,513	9,098.21	O
14:52:56	203.90	144	293.62	O

View all Shoe Zone trades in real-time

Shoe Zone (SHOE) Top Chat Posts

Top Posts
Posted at 16/4/2024 10:12 by premium beeks Maybe take it at face value as the "real reason"?Maybe hes not happy with some elements and wants to sort it out. Share price reaction now maybe showing that it's a good move and that they are getting some issues under control Read Full Thread Reply
Posted at 11/4/2024 17:10 by jsg123 Taken from Zeus stockepedia Shoe Zone’s AGM statement has said FY24E trading is expected to be marginally below previous expectations due to a higher cost environment, including elevated container prices resulting from the ongoing tensions in the Suez Canal, combined with the larger-than-envisaged 10% increase in the national living wage, effective from April. We take a prudent approach to our outlook for H2, with lower gross margin driving a 9.3% downgrade to FY24E adj. EPS. Read Full Thread Reply
Posted at 11/4/2024 17:05 by bareknee Could be Beeks. Post-COVID the share price growth has been stellar and, ultimately, Shoe Zone is a cyclical stock so it's always prudent to take some profits at some time, so a fund may well be doing so. Read Full Thread Reply
Posted at 28/3/2024 09:32 by niklol Retail Gazette Article Shoe Zone lowers prices accross core ranges Read Full Thread Reply
Posted at 03/3/2024 16:09 by hawaly Tipped in The Sunday Times today: The retailer’s price-to-earnings ratio of 9.1 is down from 12.5 in 2022, yet shopping trends are still in Shoe Zone’s favour. As the Liberum analyst Wayne Brown wrote this week: “Consumers are actively seeking value for money, spending less per transaction and spending more on lower-priced products.” Shoe Zone will benefit: buy. Read Full Thread Reply
Posted at 09/1/2024 10:39 by davebowler Shoe Zone plc is a nomad and broker client of Zeus FY23 Results FY23 performance is in line with estimates and reflects solid trading and strong cost control. FY23E revenue +6.1% YOY and Adj. PBT +48% to £16.5m, almost double the £8.5m FY23E Adj. PBT we forecast a year ago following 4 consecutive upgrades over 2023. Net cash of £16.4m is after a total of £26.7m in capex, dividends and share buybacks, demonstrating the strongly cash generative nature of the Group. This is reflected in the announcement of a 6.0p special dividend, taking full year DPS to 17.4p, equating to a 7.7% yield. Trading at just 0.5x EV/Sales, 4.3x EV/EBITDA on an ex-cash PE of 7.9x, Shoe Zone remains a compelling buy. ¨ FY23 Results: FY23 performance was well flagged in a year end trading statement issued 17 October. Revenue of £165.7m is +6.1% YOY, with growth across Stores, +3.9% to £134.8m (FY22: £129.8m) and Digital, +17.0% to £30.9m (FY22: £26.4m). Product margin improved 110bps to 62.3% (FY22: 61.2%), benefitting from the reduction in container prices realised in the second half of the year. Adj. PBT of £16.5m is +47.6% YOY (FY22: £11.2m), coming in at almost double our original £8.5m forecast set in January 2023. Adj. EPS of 27.6p +53.1%, benefitting from the share buyback. Year-end net cash of £16.4m is after investing £11.4m in capital expenditure, £7.1m in share buybacks and £8.2m in dividend distributions paid during the year, reflecting the highly cash generative nature of the Group’s operating model. ¨ Significant shareholder returns: Shoe Zone has proposed a final dividend of 8.9p, 11% above our 8.0p estimate, as well as a special dividend of 6.0p. This gives a total FY23 dividend of 17.4p (65% above our FY23 DPS estimate of 10.5p), an effective yield of 7.7% at last night’s closing price. This is in addition to £7.1m in share buybacks executed in FY23. ¨ Continued progress on property transformation: Shoe Zone ended the period with 323 stores, having closed 72 and opened 35 new stores during the year. Its property refit and relocation programme will see total stores reduce to c.300 sites (targeting 100 Big Box sites, 200 Hybrid sites) but with average store sizes increasing and retail sq. footage remaining stable. Larger format stores improve productivity and increase product range through third party brands. The Group negotiates all property terms in house. Average lease length of 2.2 years means it has significant flexibility in its store footprint. Property supply continues to outstrip demand delivering material rent reductions; the Group achieved rent reductions on 53 store renewals totalling £0.7m in the year, an annualised saving of 31%. ¨ Forecasts: Our FY24E forecasts are unchanged, forecast net cash moves lower due to the announced 6.0p special dividend which will be paid during FY24E. We introduce FY25E estimates, based on what we believe to be conservative assumptions. FY25E revenue of £174.6m implies conservative growth of 3.3%, whilst FY25E adj. PBT of £14.8m reflects the impact of meaningful cost increases in National Living Wage and energy expenses over FY24E and FY25E. See exhibits 5 & 6 for more detail. ¨ Investment case: Shoe Zone’s resilient FY23 performance reflects the strength of its market position as a value retailer in the relatively non-discretionary category of footwear as well as strong cost control, driving material improvement in profitability. Its valuation continues to appear undemanding at FY24E EV/sales of 0.5x, EV/EBITDA of 4.3x, ex-cash PE of 7.9x and prospective yield of 4.4%. Based on what we believe are conservative growth and cost assumptions, it remains a compelling buy at these levels. Read Full Thread Reply
Posted at 17/10/2023 14:44 by kalai1 Shoezone Holdings plc issued a FY trading update for the year ended 30th September 2023 this morning. Group revenue increased by 6.1% to £165.7m, store revenue was up to £134.8m (FY 2022: £129.8m) with digital revenue up to £30.9m (FY 2022: £26.4m). Product margin increased to c.62.1%, adjusted profit before tax is expected to be not less than £16.0m (FY 2022: £11.2m). The Group’s balance sheet remains solid with net cash at £16.4m. Valuation is average with forward PE ratio at 10.8x, dividend yield at 3.67% is also average. Share price has been drifting sideways through 2023 but remains in a longer run uptrend. The weakening macro environment is a cloud for consumer cyclicals more generally, but SHOE is a solid, if unexciting, Speciality Retailer and certainly worth monitoring... ...from WealthOracle Read Full Thread Reply
Posted at 15/9/2022 11:18 by someuwin Zeus note out Today... Shoe Zone plc SHOE LN – General Retail Strides ahead Our recent site visit has reaffirmed our conviction that SHOE is one of the most resilient and attractive consumer stocks on the market. * Resilient market position: As a leading value footwear retailer, we believe SHOE is well positioned to capture share as consumers seek affordable alternatives in response to ongoing inflationary pressures. Several high street competitors have exited the market (Arcadia Group, Debenhams) with Tesco recently withdrawing part of its footwear offer further strengthening the Group’s market position. * Property transformation will drive productivity: SHOE is in the process of migrating its store estate from its legacy network of small high street stores into new, larger-format stores including ‘Hybrid’ stores located in town centres but offering c.2.0x the space of a typical legacy store, and out of town ‘Big Box’ stores located on retail parks (2.5x larger). Store transformation should improve productivity and drive contribution margin accretion. The Group’s Leicester head office and warehouse is also well invested, and we believe capable of supporting revenues of up to £250m with minimal additional investment required. * Low product risk, robust supply chain: The Group’s core Shoe Zone product range of 300 styles across men’s, women’s, and children’s is focused on timeless styles in popular colourways, with ranges ordered in high volume (typically 15,000 pairs per style) and able to be carried over from season to season. Categories such as school shoes, safety footwear and slippers provide a degree of dependable demand. This means there is minimal inventory risk and low levels of sale mark down activity, reflected in its resilient product margin at 61.4% (FY21: 61.3%). * Expanding product range & demographic reach: Larger format stores enable the Group to extend in-store product range from the core 300 Shoe Zone styles with additional brands (475 to 600 styles in Hybrid stores, 675 styles in Big Box stores), adding higher priced products and appealing to a broader consumer demographic. Its shoehub ecommerce platform extends this even further, with >3,000 styles across more than 135 brands. * Complementary hybrid model with low return rates: SHOE’s ecommerce platform shoehub has grown rapidly through COVID, contributing c.15% of FY22 revenue. Unlike other ecommerce businesses product returns rates are incredibly low at 11.3% (having normalised from COVID lows of 8.4%) and the Group’s hybrid model means reverse logistics are exceptionally efficient, with 70% of online returns transacted in store with nominal incremental cost to the business. * Debt free, cash generative: SHOE is debt free, with £13.9m net cash on 2 April 2022. It offers an attractive dividend yield of 3.7% based on a modest 40% pay-out ratio alongside its current share buyback programme and scope for future special dividends to distribute excess. * Strong management team: It is impossible to be anything other than impressed by management’s detailed and in-depth knowledge of all parts of the business reflecting longstanding relationships and meaningful personal investment. * Compelling valuation: Despite a marked recovery in share price from COVID lows, SHOE trades at just 10.8x FY22E PE. Current trading momentum, combined with self-driven store transformation suggests strong upside to trading over the medium term. A robust cash-backed balance sheet underpins an attractive dividend yield, supplemented by share buybacks and scope for future special dividends to return excess cash to shareholders. Read Full Thread Reply
Posted at 19/1/2022 17:35 by tole https://www.fool.co.uk/2022/01/19/1-surging-former-penny-stock-to-buy-in-2022/1 surging former penny stock to buy in 2022!Jabran Khan \| Wednesday, 19th January, 2022 \| More on: SHOEBritish Pennies on a Pound Note Image source: Getty ImagesPenny stocks are often seen as risky investments. I like to look for these small-cap contrarian options for my holdings. One could be a diamond in the rough and offer me lucrative returns in the longer term. Here's one pick I would add to my portfolio today.Former penny stock on the riseThe Shoe Zone (LSE:SHOE) share price has been surging recently. As I write, the shares are trading for 1,42p. At time last year, the shares were very much in the penny stock category, trading for 51p. A return of 178% over 12 months is impressive.Shoe Zone is a men's, women's, and children's shoe retailer with over 500 stores in the UK and Ireland, and employs 4,000 people. In light of the recent e-commerce boom, it also has an online store and offering which is vital to success due to the changing shopping habits of consumers as well as evolving technology.Why I like Shoe ZoneRetail and the high street have taken a beating over the past few years. Online disruptors to the retail market coupled with more choice have placed pressure on bricks-and-mortar retail. The tide seems to be turning somewhat, however. Recent economic conditions such as rising inflation and energy costs as well as the pandemic has placed pressure on the wallets of many households. Budget retailers like Shoe Zone seem to benefiting. Shoe Zone's extensive store presence coupled with its online offering provide it with a good platform from which to reap the rewards of the need for budget footwear.Shoe Zone's performance recently and historically has been promising. I do understand past performance is not a guarantee of any future performance, however. Looking back, revenue increased year on year for three years prior to the pandemic affecting 2020 results. Most recent audited full-year results were released earlier this month. Before the audited results were released, the initial update in October caused the share price to surge and the Shoe Zone share price to surpass penny stock levels. Revenue was very close to 2020 levels which is encouraging due to 2020 trading being disrupted. Tellingly, online revenue increased substantially compared to 2020 levels. 2020 was a loss-making year whereas in 2021, Shoe Zone recorded a £14m profit. A big bonus for me as a potential investor is the company is debt free.Risks and final thoughtsThe biggest threat to Shoe Zone's progress in 2022 and beyond is that of the pandemic. Many of its stores were closed when restrictions were tightened earlier in the pandemic. With the threat of new variants and fresh restrictions still lingering, this could impact the balance sheet and share price performance.Overall I think Shoe Zone could be a good addition to my holdings and I would buy shares today. I wish I had bought them sooner when they were still a penny stock. I expect trading in the months ahead to be excellent, barring any restrictions, and would not be surprised to see 2022 results surpass 2021 and pre-pandemic results. At current levels, the shares look cheap too with a price-to-earnings ratio of just 10. Read Full Thread Reply
Posted at 19/11/2021 18:01 by tole https://www.fool.co.uk/2021/11/19/shoe-zone-shoe-is-a-value-stock-thats-surging/Shoe Zone (SHOE) is a value stock that's surging!Dan Appleby, CFA \| Friday, 19th November, 2021 \| More on: SHOEHands of woman with many shopping bags Image source: Getty ImagesThe pandemic was tough for most businesses, although I think the retail sector suffered more than most. When the government shut down the economy to contain the virus, the high street was deserted, and footwear wasn't even a popular category online for stuck-at-home consumers. Shoe Zone (LSE: SHOE) is a company that had to bear the brunt of this.Unfortunately for my portfolio, I held the stock heading into the pandemic. The returns weren't pretty. The share price crashed over 80% from its peak, and the dividend was stopped too.But I held the shares throughout, and still do today. Recently, the price has been recovering, and rallied again this week.Let's see if I should carry on holding the stock. The businessShoe Zone is a footwear retailer, selling shoes for all ages from over 400 stores nationwide. It sells over 16m pairs of shoes each year with an average retail price of £10. It's a budget place to pick up footwear, depending on high sales volumes to generate profit.sWhat went wrongIt's easy to see why the business suffered because of the pandemic. When shops were closed, Shoe Zone was not able to sell its footwear in anywhere near the volumes it needed to turn a profit. Across the 12-month period ending in October 2020, sales declined 24% to £122.6m, but profit plunged from £6.7m to a loss of £14.6m.The business also didn't have a good online presence, relying heavily on its network of stores. Digital revenue did increase by 82% over the lockdown period, but still only came in at £19.3m.What's going rightThe share price is up a huge 200% since the pandemic low, so things must be looking brighter. At the time of writing the share price is 110p, but this remains under 180p which is where the price was before the March 2020 drop.Recently, trading has been looking much better. The company issued two full-year updates in October and November, with the first saying profit before tax will be at least £6.5m. Considering the profit before tax in the fiscal year to 2019 was £6.7m, this is a good result. What's even better is that digital revenue has grown again by 58.5%, and now represents almost 26% of total sales. This diversifies the business if another lockdown happens simply in the 'new normal' where shoppers are going online more often.In the November update, Shoe Zone said profit before tax is now expected to be in the range of £9m to £10m (but with some favourable currency movements and lower pension contributions helping). That's a great result, and shows that the business is really picking up again.The shares are on a price-to-earnings ratio of 9, which I consider value territory.Looking aheadHolding shares of Shoe Zone has been difficult over the pandemic, but things appear to be turning around. I also like the fact that the CEO and chairman own over 24% of the company, so their interests are aligned with shareholders.I'm still cautious about the recovery though. Any further lockdown or disruption will severely impact the business, but the increase in digital sales does mitigate this to some degree. I'm going to keep holding the shares for now. Read Full Thread Reply

Shoe Zone share price data is direct from the London Stock Exchange

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