Trading Report: Today, Skechers USA Inc. (SKX) Director Thomas Walsh Sold 1,500 Shares

Today, Skechers USA Inc. (SKX) Director Thomas Walsh Sold 1,500 Shares

Skechers USA Inc. (NYSE:SKX) Director Thomas Walsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $22.64, for a total transaction of $33,960.00. Following the transaction, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $260,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Skechers USA Inc. (NYSE:SKX) traded up 0.63% on Monday, hitting $22.28. 2,347,803 shares of the stock were exchanged. The company has a 50-day moving average price of $21.56 and a 200 day moving average price of $25.47. The company has a market cap of $3.52 billion, a PE ratio of 12.95 and a beta of 0.27. Skechers USA Inc. has a 12 month low of $18.81 and a 12 month high of $34.27.

Skechers USA (NYSE:SKX) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.04. Skechers USA had a net margin of 7.56% and a return on equity of 17.44%. The firm had revenue of $942.40 million for the quarter, compared to the consensus estimate of $954.38 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Skechers USA Inc. will post $1.63 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Advantus Capital Management Inc raised its stake in Skechers USA by 0.8% in the third quarter. Advantus Capital Management Inc now owns 16,226 shares of the company’s stock worth $372,000 after buying an additional 130 shares in the last quarter. Capital Analysts LLC raised its stake in Skechers USA by 0.7% in the second quarter. Capital Analysts LLC now owns 20,638 shares of the company’s stock worth $613,000 after buying an additional 148 shares in the last quarter. Boston Advisors LLC raised its stake in Skechers USA by 0.5% in the second quarter. Boston Advisors LLC now owns 44,585 shares of the company’s stock worth $1,325,000 after buying an additional 205 shares in the last quarter. D.A. Davidson & CO. raised its stake in Skechers USA by 2.2% in the third quarter. D.A. Davidson & CO. now owns 10,271 shares of the company’s stock worth $234,000 after buying an additional 222 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Skechers USA by 0.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 31,113 shares of the company’s stock worth $925,000 after buying an additional 244 shares in the last quarter. Institutional investors own 61.06% of the company’s stock.

Several equities analysts have recently issued reports on SKX shares. Argus downgraded shares of Skechers USA from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Susquehanna initiated coverage on shares of Skechers USA in a research note on Friday, August 12th. They set a “neutral” rating and a $27.00 target price for the company. Citigroup Inc. reissued a “buy” rating and set a $38.00 target price on shares of Skechers USA in a research note on Tuesday, August 23rd. Morgan Stanley downgraded shares of Skechers USA from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $41.00 to $25.00 in a research note on Wednesday, September 21st. Finally, Cowen and Company set a $24.00 target price on shares of Skechers USA and gave the stock a “hold” rating in a research note on Thursday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.04.

Skechers USA Company Profile

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