Skechers USA Inc (NYSE:SKX) Director Jeffrey Greenberg sold 75,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $35.16, for a total value of $2,637,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Greenberg also recently made the following trade(s):

  • On Wednesday, November 1st, Jeffrey Greenberg sold 30,000 shares of Skechers USA stock. The shares were sold at an average price of $31.72, for a total value of $951,600.00.
  • On Friday, October 20th, Jeffrey Greenberg sold 180,000 shares of Skechers USA stock. The stock was sold at an average price of $31.72, for a total value of $5,709,600.00.

Shares of Skechers USA Inc (SKX) traded up $0.35 during midday trading on Friday, hitting $35.45. The stock had a trading volume of 2,442,181 shares, compared to its average volume of 2,287,968. Skechers USA Inc has a 12-month low of $22.31 and a 12-month high of $35.80. The stock has a market cap of $5,562.30, a P/E ratio of 21.80, a PEG ratio of 1.47 and a beta of 0.15. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.46 and a quick ratio of 2.30.

Skechers USA (NYSE:SKX) last announced its earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. Skechers USA had a return on equity of 13.70% and a net margin of 6.38%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. research analysts expect that Skechers USA Inc will post 1.71 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in SKX. Kennedy Capital Management Inc. lifted its stake in Skechers USA by 20.5% in the second quarter. Kennedy Capital Management Inc. now owns 643,198 shares of the textile maker’s stock valued at $18,974,000 after purchasing an additional 109,441 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Skechers USA by 94.5% in the second quarter. BNP Paribas Arbitrage SA now owns 58,963 shares of the textile maker’s stock valued at $1,739,000 after purchasing an additional 28,646 shares during the last quarter. Aristotle Fund L.P. lifted its stake in Skechers USA by 8.2% in the second quarter. Aristotle Fund L.P. now owns 519,700 shares of the textile maker’s stock valued at $15,331,000 after purchasing an additional 39,200 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Skechers USA by 17.6% in the second quarter. UBS Asset Management Americas Inc. now owns 102,030 shares of the textile maker’s stock valued at $3,010,000 after purchasing an additional 15,284 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Skechers USA by 3.8% in the second quarter. Principal Financial Group Inc. now owns 568,669 shares of the textile maker’s stock valued at $16,776,000 after purchasing an additional 20,829 shares during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

A number of analysts have commented on SKX shares. Cowen set a $36.00 price objective on Skechers USA and gave the stock a “buy” rating in a report on Friday, October 20th. Susquehanna Bancshares reissued a “buy” rating and set a $34.00 price objective on shares of Skechers USA in a report on Tuesday, October 10th. BidaskClub lowered Skechers USA from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Monness Crespi & Hardt boosted their price objective on Skechers USA from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Investment Research raised Skechers USA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.46.

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Skechers USA Company Profile

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

Insider Buying and Selling by Quarter for Skechers USA (NYSE:SKX)

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