Skechers U.S.A., Inc. (NYSE:SKX) Director Sells $5,709,600.00 in Stock

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.

COPYRIGHT VIOLATION WARNING: “Skechers U.S.A., Inc. (NYSE:SKX) Director Sells $5,709,600.00 in Stock” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/11/skechers-u-s-a-inc-skx-director-sells-5709600-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Skechers U.S.A. (NYSE:SKX)

Receive News & Ratings for Skechers U.S.A. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers U.S.A. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply