Skechers U S A, Inc (NYSE: SKX) is -7.75% lower on its value in year-to-date trading and has touched a low of $44.50 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 $61.87 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $62.03, the stock is 4.77% and 12.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.53 million and changing 0.26% at the moment leaves the stock -1.76% off its SMA200. SKX registered -8.58% loss for a year compared to 6-month loss of 3.78%. The firm has a 50-day simple moving average (SMA 50) of $55.0652 and a 200-day simple moving average (SMA200) of $63.1395.
The stock witnessed a 29.80% gain in the last 1 month and extending the period to 3 months gives it a 0.34%, and is 0.13% 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 0.23% over the week and 4.92% over the month.
Skechers U S A, Inc (SKX) has around 20100 employees, a market worth around $9.28B and $9.13B in sales. Current P/E ratio is 14.93 and Fwd P/E is 16.59. Profit margin for the company is 6.96%. Distance from 52-week low is 39.39% and -21.33% from its 52-week high. The company has generated returns on investments over the last 12 months (10.86%).
The EPS is expected to shrink by -11.85% this year.
Skechers U S A, Inc (SKX) Top Institutional Holders
639.0 institutions hold shares in Skechers U S A, Inc (SKX), with institutional investors hold 100.43% of the company’s shares. The shares outstanding are 130.29M, and float is at 111.81M with Short Float at 4.06%. Institutions hold 99.83% 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 8.2189% 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).
