A share price of Skechers U S A, Inc. [SKX] is currently trading at $57.39, up 1.61%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SKX shares have lost -1.31% over the last week, with a monthly amount drifted -5.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Skechers U S A, Inc. [NYSE: SKX] stock has seen the most recent analyst activity on April 01, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $71. Previously, BofA Securities started tracking the stock with Neutral rating on March 08, 2024, and set its price target to $67. On February 15, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $73 on the stock. Monness Crespi & Hardt reiterated its Buy rating and increased its price target to $72 on January 18, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $59 on September 18, 2023. UBS reiterated a Buy rating for this stock on July 28, 2023, and upped its price target to $68. In a note dated July 28, 2023, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $65 to $67.
Skechers U S A, Inc. experienced fluctuations in its stock price throughout the past year between $45.58 and $65.17. Currently, Wall Street analysts expect the stock to reach $59.25 within the next 12 months. Skechers U S A, Inc. [NYSE: SKX] shares were valued at $57.39 at the most recent close of the market. An investor can expect a potential return of 3.24% 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 0.52% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
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 56.23 points at the first support level, and at 55.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.98, and for the 2nd resistance point, it is at 58.58.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skechers U S A, Inc. [NYSE:SKX] is 2.38. In addition, the Quick Ratio stands at 1.46 and the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 2.18 and price to earnings (TTM) ratio is 16.44.
Transactions by insiders
Recent insider trading involved GREENBERG ROBERT, Chief Executive Officer, that happened on Mar 15 ’24 when 30339.0 shares were sold. President, GREENBERG MICHAEL completed a deal on Mar 15 ’24 to sell 25282.0 shares. Meanwhile, Chief Operating Officer WEINBERG DAVID sold 20226.0 shares on Mar 15 ’24.
