News articles about Skechers USA (NYSE:SKX) have been trending positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Skechers USA earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.4203702631169 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
Shares of Skechers USA (NYSE SKX) traded down $1.02 during mid-day trading on Monday, hitting $40.00. 4,740,000 shares of the stock traded hands, compared to its average volume of 1,960,000. Skechers USA has a 12 month low of $22.64 and a 12 month high of $42.73. The stock has a market cap of $6,340.00, a price-to-earnings ratio of 34.78, a P/E/G ratio of 1.29 and a beta of 0.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.06 and a current ratio of 3.52.
Skechers USA (NYSE:SKX) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Skechers USA had a net margin of 4.30% and a return on equity of 14.63%. The business had revenue of $970.59 million during the quarter, compared to analyst estimates of $881.39 million. During the same period in the previous year, the business earned $0.04 EPS. Skechers USA’s revenue was up 27.0% compared to the same quarter last year. equities research analysts anticipate that Skechers USA will post 2.27 earnings per share for the current fiscal year.
Skechers USA declared that its board has approved a share repurchase plan on Thursday, February 8th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the textile maker to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
SKX has been the subject of a number of recent analyst reports. Wedbush upgraded Skechers USA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $24.03 to $35.00 in a report on Friday, October 20th. Monness Crespi & Hardt raised their target price on Skechers USA from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Morgan Stanley raised their target price on Skechers USA from $28.50 to $31.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Citigroup restated a “positive” rating and issued a $38.00 target price (up from $34.00) on shares of Skechers USA in a research note on Friday, October 20th. Finally, Wells Fargo & Co raised their target price 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.34.
In other news, Director Morton D. Erlich sold 4,000 shares of Skechers USA stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $33.66, for a total transaction of $134,640.00. Following the completion of the sale, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $403,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Rappaport sold 1,000 shares of Skechers USA stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $38.24, for a total transaction of $38,240.00. Following the sale, the director now directly owns 19,000 shares of the company’s stock, valued at $726,560. The disclosure for this sale can be found here. Insiders have sold a total of 580,750 shares of company stock valued at $21,665,988 over the last 90 days. Company insiders own 38.20% of the company’s stock.
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Skechers USA 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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