Skechers U S A, Inc (NYSE: SKX) is -15.96% lower on its value in year-to-date trading and has touched a low of $53.79 and a high of $78.85 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 $55.97 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $56.51, the stock is -6.39% and -15.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 0.96% at the moment leaves the stock -14.89% off its SMA200. SKX registered -7.74% loss for a year compared to 6-month loss of -13.88%. The firm has a 50-day simple moving average (SMA 50) of $66.8224 and a 200-day simple moving average (SMA200) of $66.39755.
The stock witnessed a -10.16% gain in the last 1 month and extending the period to 3 months gives it a -19.72%, and is -4.20% 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 4.26% over the week and 3.90% over the month.
Skechers U S A, Inc (SKX) has around 20100 employees, a market worth around $8.44B and $8.97B in sales. Current P/E ratio is 13.61 and Fwd P/E is 10.76. Profit margin for the company is 7.13%. Distance from 52-week low is 5.06% and -28.33% from its 52-week high. The company has generated returns on investments over the last 12 months (11.58%).
with sales reaching $2.43B over the same period.The EPS is expected to grow by 2.96% this year, but quarterly earnings will post 9.00% year-over-year. Quarterly sales are estimated to grow 7.92% in year-over-year returns.
Skechers U S A, Inc (SKX) Top Institutional Holders
672.0 institutions hold shares in Skechers U S A, Inc (SKX), with institutional investors hold 97.88% of the company’s shares. The shares outstanding are 129.85M, and float is at 129.26M with Short Float at 5.55%. Institutions hold 97.17% 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
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Skechers U S A, Inc disclosed in a document filed with the SEC on Mar 03 ’25 that PACCIONE PHILLIP (General Counsel & Secretary) sold a total of 10,994 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $56.63 per share for $0.62 million. Following the transaction, the insider now directly holds 15000.0 shares of the SKX stock.
Still, SEC filings show that on Mar 03 ’25, Vandemore John M (Chief Financial Officer) disposed off 5,112 shares at an average price of $60.76 for $0.31 million. The insider now directly holds 83,328 shares of Skechers U S A, Inc (SKX).
