A share price of Skechers U S A, Inc [SKX] is currently trading at $71.05, up 1.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SKX shares have gain 11.33% over the last week, with a monthly amount glided 15.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley upgraded its rating to Overweight on July 23, 2024, and elevated its price target to $80. On June 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $87 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $71 on April 01, 2024. BofA Securities initiated its recommendation with a Neutral and recommended $67 as its price target on March 08, 2024. Evercore ISI started tracking with a Outperform rating for this stock on February 15, 2024, and assigned it a price target of $73. In a note dated January 18, 2024, Monness Crespi & Hardt reiterated an Buy rating on this stock and boosted its target price from $60 to $72.
Skechers U S A, Inc experienced fluctuations in its stock price throughout the past year between $55.67 and $75.09. Currently, Wall Street analysts expect the stock to reach $79.86 within the next 12 months. Skechers U S A, Inc [NYSE: SKX] shares were valued at $71.05 at the most recent close of the market. An investor can expect a potential return of 12.4% 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 0.14.
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 70.36 points at the first support level, and at 69.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.83, and for the 2nd resistance point, it is at 72.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Skechers U S A, Inc [NYSE:SKX] is 1.96. Also, the Quick Ratio is 1.25, while the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 2.46 and price to earnings (TTM) ratio is 17.50.
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.
