Skechers U S A, Inc (NYSE: SKX) is -28.30% lower on its value in year-to-date trading and has touched a low of $45.69 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 $50.20 in the last trading session, with the day’s loss setting it -1.99%.
Currently trading at $48.21, the stock is -13.72% and -22.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.18 million and changing -3.96% at the moment leaves the stock -25.95% off its SMA200. SKX registered -16.99% loss for a year compared to 6-month loss of -25.98%. The firm has a 50-day simple moving average (SMA 50) of $62.0244 and a 200-day simple moving average (SMA200) of $65.10715.
The stock witnessed a -18.27% gain in the last 1 month and extending the period to 3 months gives it a -30.22%, and is -15.09% 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 10.28% over the week and 4.99% over the month.
Skechers U S A, Inc (SKX) has around 20100 employees, a market worth around $7.20B and $8.97B in sales. Current P/E ratio is 11.61 and Fwd P/E is 9.17. Profit margin for the company is 7.13%. Distance from 52-week low is 5.53% and -38.86% 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 2.09% this year, but quarterly earnings will post 8.98% year-over-year. Quarterly sales are estimated to grow 7.89% 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 97.72% of the company’s shares. The shares outstanding are 129.85M, and float is at 129.26M with Short Float at 5.98%. Institutions hold 97.01% 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 13.0222% 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 8.3448 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 3.0238 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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Still, SEC filings show that on Mar 03 ’25, PACCIONE PHILLIP (General Counsel & Secretary) disposed off 10,994 shares at an average price of $56.63 for $0.62 million. The insider now directly holds 15,000 shares of Skechers U S A, Inc (SKX).
