Skechers U S A, Inc (NYSE: SKX) is -6.78% 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 $63.21 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $63.15, the stock is 0.43% and 3.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing -0.09% at the moment leaves the stock 0.90% off its SMA200. SKX registered -6.08% loss for a year compared to 6-month loss of -9.85%. The firm has a 50-day simple moving average (SMA 50) of $61.257 and a 200-day simple moving average (SMA200) of $62.58805.
The stock witnessed a 1.67% gain in the last 1 month and extending the period to 3 months gives it a 38.85%, and is -0.16% 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 0.35% over the week and 0.34% over the month.
Skechers U S A, Inc (SKX) has around 20100 employees, a market worth around $9.45B and $9.13B in sales. Current P/E ratio is 15.19 and Fwd P/E is 16.89. Profit margin for the company is 6.96%. Distance from 52-week low is 41.91% and -19.91% 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
631.0 institutions hold shares in Skechers U S A, Inc (SKX), with institutional investors hold 100.36% of the company’s shares. The shares outstanding are 130.29M, and float is at 116.02M with Short Float at 3.66%. Institutions hold 99.71% 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
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).
