In yesterday’s Wall Street session, Skechers U S A, Inc (NYSE:SKX) shares traded at $66.03, down -12.68% from the previous session.
SKX stock price is now -5.86% away from the 50-day moving average and -1.52% away from the 200-day moving average. The market capitalization of the company currently stands at $9.97B.
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, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, WEINBERG DAVID, Chief Operating Officer sold 8,219 shares of the company’s stock on Dec 31 ’24. The stock was sold for $554,607 at an average price of $67.48. Upon completion of the transaction, the Chief Operating Officer now directly owns 122,211 shares in the company, valued at $8.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 31 ’24, President GREENBERG MICHAEL sold 10,274 shares of the business’s stock. A total of $693,275 was realized by selling the stock at an average price of $67.48. This leaves the insider owning 149,327 shares of the company worth $9.86 million. A total of 14.59% of the company’s stock is owned by insiders.
During the past 12 months, Skechers U S A, Inc has had a low of $55.67 and a high of $78.85. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.97, and a quick ratio of 1.12. According to the stock market information, the enterprise value for the company is $12596123648, which is based on a 15.91 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for SKX is $70.139 and a two-hundred day moving average price translates $67.04645 for the stock.
The latest earnings results from Skechers U S A, Inc (NYSE: SKX) was released for 2024-09-30. The net profit margin was 7.13% and return on equity was 15.42% for SKX. The company reported revenue of $2.35 billion for the quarter, compared to $2.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.94 percent. For the current quarter, analysts expect SKX to generate $2.43B in revenue.
