Skechers U S A, Inc (NYSE: SKX) is 8.52% higher on its value in year-to-date trading and has touched a low of $55.67 and a high of $75.09 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 $66.29 in the last trading session, with the day’s gains setting it 1.36%.
Currently trading at $67.65, the stock is 0.01% and 5.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.88 million and changing 2.05% at the moment leaves the stock 3.84% off its SMA200. SKX registered 7.26% gain for a year compared to 6-month loss of -8.67%. The firm has a 50-day simple moving average (SMA 50) of $64.257 and a 200-day simple moving average (SMA200) of $65.1458.
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The stock witnessed a 13.18% gain in the last 1 month and extending the period to 3 months gives it a 7.21%, and is -3.84% 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 3.25% over the week and 2.40% over the month.
Skechers U S A, Inc (SKX) has around 17900 employees, a market worth around $10.42B and $8.72B in sales. Current P/E ratio is 16.66 and Fwd P/E is 13.75. Profit margin for the company is 7.20%. Distance from 52-week low is 21.52% and -9.91% from its 52-week high. The company has generated returns on investments over the last 12 months (11.25%).
with sales reaching $2.22B over the same period.The EPS is expected to grow by 25.26% this year, but quarterly earnings will post 12.16% year-over-year. Quarterly sales are estimated to grow 13.11% in year-over-year returns.
Skechers U S A, Inc (SKX) Top Institutional Holders
677.0 institutions hold shares in Skechers U S A, Inc (SKX), with institutional investors hold 95.84% of the company’s shares. The shares outstanding are 131.59M, and float is at 130.49M with Short Float at 4.79%. Institutions hold 95.06% of the Float.
The top institutional shareholder in the company is FMR LLC with over 19.86 million shares valued at $1.37 billion. The investor’s holdings represent 12.9869% of the SKX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.73 million shares valued at $879.63 million to account for 8.3222 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 12.53 million shares representing 8.1966% and valued at over $866.35 million, while STATE STREET CORP holds 3.0156 of the shares totaling 4.61 million with a market value of $318.74 million.
Skechers U S A, Inc (SKX) Insider Activity
The most recent transaction is an insider sale by GREENBERG MICHAEL, the company’s President. SEC filings show that GREENBERG MICHAEL sold 422,000 shares of the company’s common stock on Aug 27 ’24 at a price of $69.88 per share for a total of $29.49 million. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Jun 07 ’24, Garcia Zulema (Director) disposed off 1,100 shares at an average price of $72.80 for $80080.0. The insider now directly holds 12,900 shares of Skechers U S A, Inc (SKX).
