Skechers U S A, Inc. (NYSE: SKX) is -3.46% lower on its value in year-to-date trading and has touched a low of $42.78 and a high of $65.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SKX stock was last observed hovering at around $60.91 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $60.18, the stock is -0.74% and -1.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -1.20% at the moment leaves the stock 10.09% off its SMA200. SKX registered 34.60% gain for a year compared to 6-month gain of 27.02%. The firm has a 50-day simple moving average (SMA 50) of $1.21 and a 200-day simple moving average (SMA200) of $9.98.
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The stock witnessed a -0.25% loss in the last 1 month and extending the period to 3 months gives it a -3.87%, and is -0.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.31% over the week and 2.32% over the month.
Skechers U S A, Inc. (SKX) has around 17900 employees, a market worth around $9.22B and $8.00B in sales. Current P/E ratio is 17.24 and Fwd P/E is 13.06. Profit margin for the company is 6.82%. Distance from 52-week low is 40.67% and -7.65% from its 52-week high. The company has generated returns on investments over the last 12 months (10.16%).
Skechers U S A, Inc. quarterly earnings per share for the current quarter are estimated at $1.11 with sales reaching $2.2B over the same period.The EPS is expected to grow by 15.29% this year, but quarterly earnings will post 9.80% year-over-year. Quarterly sales are estimated to grow 10.10% in year-over-year returns.
Skechers U S A, Inc. (SKX) Top Institutional Holders
571 institutions hold shares in Skechers U S A, Inc. (SKX), with institutional investors hold 94.83% of the company’s shares. The shares outstanding are 132.84M, and float is at 132.21M with Short Float at 1.52%. Institutions hold 94.11% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 20.14 million shares valued at $1.06 billion. The investor’s holdings represent 14.99% of the SKX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.6 million shares valued at $663.65 million to account for 9.38% of the shares outstanding. The other top investors are Blackrock Inc. which holds 12.06 million shares representing 8.97% and valued at over $635.04 million, while State Street Corporation holds 3.49% of the shares totaling 4.69 million with a market value of $246.98 million.
Skechers U S A, Inc. (SKX) Insider Activity
The most recent transaction is an insider sale by GREENBERG ROBERT,the company’sChief Executive Officer. SEC filings show that GREENBERG ROBERT sold 30,339 shares of the company’s common stock on Mar 15 ’24 at a price of $61.11 per share for a total of $1.85 million. Following the sale, the insider now owns 0.13 million shares.
Skechers U S A, Inc. disclosed in a document filed with the SEC on Mar 15 ’24 that GREENBERG MICHAEL (President) sold a total of 25,282 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $61.11 per share for $1.54 million. Following the transaction, the insider now directly holds 0.12 million shares of the SKX stock.
Still, SEC filings show that on Mar 15 ’24, WEINBERG DAVID (Chief Operating Officer) disposed off 20,226 shares at an average price of $61.11 for $1.24 million. The insider now directly holds 99,655 shares of Skechers U S A, Inc. (SKX).
