A share price of Skechers U S A, Inc. [SKX] is currently trading at $66.72, down -0.91%. 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 -0.58% over the last week, with a monthly amount drifted -8.44%, 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 June 07, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $87 from $71. Previously, Barclays started tracking the stock with Overweight rating on April 01, 2024, and set its price target to $71. On March 08, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $67 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $73 on February 15, 2024. Monness Crespi & Hardt reiterated its recommendation of a Buy and raised its price target to $72 on January 18, 2024. Piper Sandler upgraded its rating to Overweight for this stock on September 18, 2023, and upped its price target to $59. In a note dated July 28, 2023, UBS reiterated an Buy rating on this stock and boosted its target price from $63 to $68.
Skechers U S A, Inc. experienced fluctuations in its stock price throughout the past year between $45.58 and $75.09. Currently, Wall Street analysts expect the stock to reach $66.08 within the next 12 months. Skechers U S A, Inc. [NYSE: SKX] shares were valued at $66.72 at the most recent close of the market. An investor can expect a potential drop of -0.96% based on the average SKX price forecast.
Analyzing the SKX fundamentals
Trailing Twelve Months sales for Skechers U S A, Inc. [NYSE:SKX] were 8.25B which represents 12.47% 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 0.08, Equity is 0.15 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 65.76 points at the first support level, and at 64.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.61, and for the 2nd resistance point, it is at 68.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skechers U S A, Inc. [NYSE:SKX] is 2.39. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 17.56.
Transactions by insiders
Recent insider trading involved Garcia Zulema, Director, that happened on Jun 07 ’24 when 1100.0 shares were sold. General Counsel & Secretary, PACCIONE PHILLIP completed a deal on Jun 04 ’24 to sell 423.0 shares. Meanwhile, Director BLAIR KATHERINE J. sold 3500.0 shares on May 16 ’24.
