Media stories about Skechers USA (NYSE:SKX) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Skechers USA earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 45.0311329645239 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
Shares of Skechers USA (NYSE:SKX) traded down $0.14 during trading hours on Friday, hitting $38.55. The stock had a trading volume of 1,530,000 shares, compared to its average volume of 1,740,000. Skechers USA has a one year low of $22.31 and a one year high of $39.71. The firm has a market cap of $6,110.00, a price-to-earnings ratio of 23.80, a PEG ratio of 1.26 and a beta of 0.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.46 and a quick ratio of 2.30.
Skechers USA (NYSE:SKX) last announced its quarterly earnings data on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.16. Skechers USA had a return on equity of 13.70% and a net margin of 6.38%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $0.42 EPS. Skechers USA’s revenue for the quarter was up 16.2% compared to the same quarter last year. equities research analysts anticipate that Skechers USA will post 1.71 EPS for the current fiscal year.
A number of brokerages recently weighed in on SKX. Vetr downgraded Skechers USA from a “strong-buy” rating to a “hold” rating and set a $33.73 price objective on the stock. in a research note on Monday, October 23rd. Susquehanna Bancshares reissued a “buy” rating and issued a $34.00 price objective on shares of Skechers USA in a research note on Tuesday, October 10th. Wells Fargo & Co raised their price objective on Skechers USA from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Cowen reissued a “buy” rating and issued a $38.00 price objective on shares of Skechers USA in a research note on Friday, November 3rd. Finally, Argus raised Skechers USA from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.96.
In related news, Director Jeffrey Greenberg sold 180,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was 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 accessible through this link. Also, President Michael Greenberg sold 150,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $31.86, for a total value of $4,779,000.00. Following the completion of the sale, the president now directly owns 251,679 shares in the company, valued at approximately $8,018,492.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 962,250 shares of company stock worth $33,823,248. 21.73% of the stock is owned by insiders.
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About Skechers USA
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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