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Skechers U S A, Inc. (SKX) – Don’t Believe the Hype: Check The Facts

Skechers U S A, Inc. (NYSE: SKX) is 7.44% higher on its value in year-to-date trading and has touched a low of $45.58 and a high of $69.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SKX stock was last observed hovering at around $66.40 in the last trading session, with the day’s gains setting it 0.58%.

Currently trading at $66.98, the stock is 9.87% and 10.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing 0.87% at the moment leaves the stock 19.27% off its SMA200. SKX registered 27.80% gain for a year compared to 6-month gain of 36.25%.

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The stock witnessed a 15.18% loss in the last 1 month and extending the period to 3 months gives it a 17.41%, and is 2.32% up 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 1.78% over the week and 2.41% over the month.

Skechers U S A, Inc. (SKX) has around 17900 employees, a market worth around $10.27B and $8.25B in sales. Current P/E ratio is 17.63 and Fwd P/E is 13.91. Profit margin for the company is 7.18%. Distance from 52-week low is 46.95% and -3.03% from its 52-week high. The company has generated returns on investments over the last 12 months (11.00%).

The EPS is expected to grow by 20.69% this year

The shares outstanding are 132.84M, and float is at 132.02M with Short Float at 2.30%.

Skechers U S A, Inc. (SKX) Insider Activity

The most recent transaction is an insider sale by GREENBERG ROBERT, the company’s Chief 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).

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