Skechers U.S.A., Inc. (NYSE:SKX) Director Jeffrey Greenberg sold 180,000 shares of Skechers U.S.A. stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $31.72, for a total value of $5,709,600.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Jeffrey Greenberg also recently made the following trade(s):
- On Wednesday, November 1st, Jeffrey Greenberg sold 30,000 shares of Skechers U.S.A. stock. The shares were sold at an average price of $31.72, for a total value of $951,600.00.
Shares of Skechers U.S.A., Inc. (NYSE:SKX) traded up $0.82 during midday trading on Friday, reaching $32.00. The company’s stock had a trading volume of 2,392,400 shares, compared to its average volume of 2,843,554. The company has a current ratio of 3.46, a quick ratio of 2.30 and a debt-to-equity ratio of 0.04. The company has a market cap of $4,939.85, a P/E ratio of 19.37, a P/E/G ratio of 1.32 and a beta of 0.11. Skechers U.S.A., Inc. has a 52 week low of $21.33 and a 52 week high of $34.87.
Skechers U.S.A. (NYSE:SKX) last released its quarterly earnings data on Thursday, October 19th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Skechers U.S.A. had a return on equity of 13.70% and a net margin of 6.38%. Skechers U.S.A.’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. sell-side analysts expect that Skechers U.S.A., Inc. will post 1.69 earnings per share for the current year.
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Several research firms recently weighed in on SKX. Vetr lowered Skechers U.S.A. from a “strong-buy” rating to a “hold” rating and set a $33.73 target price for the company. in a report on Monday, October 23rd. Susquehanna Bancshares Inc restated a “buy” rating and issued a $34.00 target price on shares of Skechers U.S.A. in a report on Tuesday, October 10th. Zacks Investment Research lowered Skechers U.S.A. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Citigroup Inc. boosted their target price on Skechers U.S.A. from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Wells Fargo & Company boosted their target price on Skechers U.S.A. from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.74.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SKX. US Bancorp DE increased its position in shares of Skechers U.S.A. by 94.9% during the first quarter. US Bancorp DE now owns 3,895 shares of the textile maker’s stock valued at $107,000 after purchasing an additional 1,897 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Skechers U.S.A. by 23.6% during the first quarter. UBS Asset Management Americas Inc. now owns 86,746 shares of the textile maker’s stock valued at $2,381,000 after purchasing an additional 16,578 shares during the period. Credit Agricole S A increased its position in shares of Skechers U.S.A. by 14.5% during the first quarter. Credit Agricole S A now owns 34,106 shares of the textile maker’s stock valued at $936,000 after purchasing an additional 4,313 shares during the period. OppenheimerFunds Inc. increased its position in shares of Skechers U.S.A. by 10.8% during the first quarter. OppenheimerFunds Inc. now owns 32,127 shares of the textile maker’s stock valued at $882,000 after purchasing an additional 3,133 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Skechers U.S.A. by 2.7% during the first quarter. Principal Financial Group Inc. now owns 547,840 shares of the textile maker’s stock valued at $15,039,000 after purchasing an additional 14,562 shares during the period. Institutional investors and hedge funds own 70.66% of the company’s stock.
Skechers U.S.A. Company Profile
Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.
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