At the time of writing, Skechers U S A, Inc [SKX] stock is trading at $69.31, down -0.84%. 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 gain 3.08% over the last week, with a monthly amount drifted -2.45%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On July 23, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $80 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $87 on June 07, 2024. Barclays initiated its recommendation with a Overweight and recommended $71 as its price target on April 01, 2024. BofA Securities started tracking with a Neutral rating for this stock on March 08, 2024, and assigned it a price target of $67. In a note dated February 15, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $73 on this stock.
For the past year, the stock price of Skechers U S A, Inc fluctuated between $55.67 and $75.09. Currently, Wall Street analysts expect the stock to reach $79.8 within the next 12 months. Skechers U S A, Inc [NYSE: SKX] shares were valued at $69.31 at the most recent close of the market. An investor can expect a potential return of 15.13% based on the average SKX price forecast.
Analyzing the SKX fundamentals
According to Skechers U S A, Inc [NYSE:SKX], the company’s sales were 8.72B for trailing twelve months, which represents an 15.94% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 68.51 points at the first support level, and at 67.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.89, and for the 2nd resistance point, it is at 70.47.
Ratios To Look Out For
It is important to note that Skechers U S A, Inc [NYSE:SKX] has a current ratio of 1.96. In addition, the Quick Ratio stands at 1.25 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 17.07.
Transactions by insiders
Recent insider trading involved WEINBERG DAVID, Chief Operating Officer, that happened on Dec 31 ’24 when 8219.0 shares were sold. President, GREENBERG MICHAEL completed a deal on Dec 31 ’24 to sell 10274.0 shares. Meanwhile, Officer DAVID WEINBERG bought 8219.0 shares on Dec 31 ’24.
