A share price of Skechers U S A, Inc. [SKX] is currently trading at $60.90, up 0.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SKX shares have gain 4.77% over the last week, with a monthly amount drifted -3.15%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Skechers to Present at the Raymond James 45th Annual Institutional Investors Conference on March 4th. In a post published today on Yahoo Finance, Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Raymond James 45th Annual Institutional Investors Conference in Orlando, FL on Monday, March 4, 2024 at 7:25 a.m. PT / 10:25 a.m. ET.
From an analyst’s perspective:
Skechers U S A, Inc. [NYSE: SKX] stock has seen the most recent analyst activity on February 15, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $73. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on January 18, 2024, and elevated its price target to $72. On September 18, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $59 on the stock. UBS reiterated its Buy rating and increased its price target to $68 on July 28, 2023. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $67 on July 28, 2023. Stifel reiterated a Buy rating for this stock on July 28, 2023, and upped its price target to $62. In a note dated July 28, 2023, Raymond James reiterated an Outperform rating on this stock and boosted its target price from $58 to $59.
Skechers U S A, Inc. experienced fluctuations in its stock price throughout the past year between $41.56 and $65.17. Currently, Wall Street analysts expect the stock to reach $53.71 within the next 12 months. Skechers U S A, Inc. [NYSE: SKX] shares were valued at $60.90 at the most recent close of the market. An investor can expect a potential drop of -11.81% based on the average SKX price forecast.
Analyzing the SKX fundamentals
Trailing Twelve Months sales for Skechers U S A, Inc. [NYSE:SKX] were 8.00B which represents 4.37% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.47 points at the first support level, and at 60.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.13, and for the 2nd resistance point, it is at 61.37.
Skechers U S A, Inc. [SKX] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of $0.01 and a surprise factor of 1.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.93 per share as compared to estimates of $0.8 per share, a difference of $0.13 representing a surprise of 16.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skechers U S A, Inc. [NYSE:SKX] is 2.38. As well, the Quick Ratio is 1.46, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 2.37 and price to earnings (TTM) ratio is 17.45.
Transactions by insiders
Recent insider trading involved NASON MARK A, Executive Vice President, that happened on Feb 09 when 6432.0 shares were sold. Chief Executive Officer, GREENBERG ROBERT completed a deal on Feb 08 to sell 99139.0 shares. Meanwhile, Chief Operating Officer WEINBERG DAVID sold 67390.0 shares on Feb 08.
