A share price of Skechers U S A, Inc [SKX] is currently trading at $63.06, up 1.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The SKX shares have gain 2.57% over the last week, with a monthly amount drifted -4.74%, 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 July 23, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $80 from $60. Previously, BofA Securities upgraded its rating to Buy on June 07, 2024, and elevated its price target to $87. On April 01, 2024, Barclays initiated with a Overweight rating and assigned a price target of $71 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $67 on March 08, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $73 as its price target on February 15, 2024. Monness Crespi & Hardt reiterated a Buy rating for this stock on January 18, 2024, and upped its price target to $72. In a note dated September 18, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $54 to $59.
Skechers U S A, Inc experienced fluctuations in its stock price throughout the past year between $47.98 and $75.09. Currently, Wall Street analysts expect the stock to reach $72.08 within the next 12 months. Skechers U S A, Inc [NYSE: SKX] shares were valued at $63.06 at the most recent close of the market. An investor can expect a potential return of 14.3% based on the average SKX price forecast.
Analyzing the SKX fundamentals
Trailing Twelve Months sales for Skechers U S A, Inc [NYSE:SKX] were 8.72B which represents 15.94% 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 0.15 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 62.01 points at the first support level, and at 60.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.61, and for the 2nd resistance point, it is at 64.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skechers U S A, Inc [NYSE:SKX] is 1.96. On the other hand, the Quick Ratio is 1.25, and the Cash Ratio is 0.56. 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 15.53.
Transactions by insiders
Recent insider trading involved GREENBERG MICHAEL, President, that happened on Aug 27 ’24 when 0.42 million shares were sold. Officer, THE MICHAEL GREENBERG TRUST completed a deal on Aug 27 ’24 to buy 0.42 million shares. Meanwhile, Director Garcia Zulema sold 1100.0 shares on Jun 07 ’24.
