Skechers USA Inc (NYSE:SKX) shares hit a new 52-week high on Thursday . The stock traded as high as $37.48 and last traded at $36.70, with a volume of 1057700 shares. The stock had previously closed at $36.31.

SKX has been the subject of several recent analyst reports. Cowen reissued a “buy” rating and set a $35.00 price objective on shares of Skechers USA in a report on Friday, October 27th. B. Riley set a $37.00 price target on shares of Skechers USA and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of Skechers USA from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Morgan Stanley lifted their price target on shares of Skechers USA from $28.50 to $31.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, Vetr lowered shares of Skechers USA from a “strong-buy” rating to a “hold” rating and set a $33.73 price target for the company. in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.80.

The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 3.46. The stock has a market cap of $5,754.05, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.52 and a beta of 0.15.

Skechers USA (NYSE:SKX) last posted its quarterly earnings results on Thursday, October 19th. The textile maker reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Skechers USA had a net margin of 6.38% and a return on equity of 13.70%. The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. analysts predict that Skechers USA Inc will post 1.71 EPS for the current fiscal year.

In related news, Director Thomas Walsh sold 750 shares of Skechers USA stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.81, for a total value of $26,107.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard Siskind sold 25,500 shares of Skechers USA stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $33.40, for a total transaction of $851,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 461,250 shares of company stock worth $14,955,008. 21.73% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of SKX. Seven Eight Capital LP bought a new stake in Skechers USA in the 2nd quarter valued at about $105,000. Aviance Capital Management LLC bought a new stake in Skechers USA in the 2nd quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Skechers USA by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,594 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 503 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Skechers USA by 6.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,428 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 335 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Skechers USA during the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 70.13% of the company’s stock.

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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.

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