The stock of Skechers U S A, Inc. (NYSE:SKX) last traded at $65.41, up 11.20% from the previous session.
SKX stock price is now 9.76% away from the 50-day moving average and 17.59% away from the 200-day moving average. The market capitalization of the company currently stands at $10.03B.
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With the price target of $71, Barclays recently initiated with Overweight rating for Skechers U S A, Inc. (NYSE: SKX). On March 08, 2024, BofA Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $67, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, GREENBERG ROBERT, Chief Executive Officer sold 30,339 shares of the company’s stock on Mar 15 ’24. The stock was sold for $1,854,016 at an average price of $61.11. Upon completion of the transaction, the Chief Executive Officer now directly owns 132,783 shares in the company, valued at $8.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, President GREENBERG MICHAEL sold 25,282 shares of the business’s stock. A total of $1,544,983 was realized by selling the stock at an average price of $61.11. This leaves the insider owning 123,441 shares of the company worth $8.07 million. A total of 13.87% of the company’s stock is owned by insiders.
During the past 12 months, Skechers U S A, Inc. has had a low of $45.58 and a high of $65.17. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 2.39, and a quick ratio of 1.56.
According to the Footwear & Accessories Company, earnings per share came in at 0.98, beating analysts’ expectations of 0.54 by 0.44. This compares to $0.59 EPS in the same period last year. The net profit margin was 7.18% and return on equity was 15.06% for SKX. The company reported revenue of $1.96 billion for the quarter, compared to $1.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.37 percent. For the current quarter, analysts expect SKX to generate $2.21B in revenue.
