Shares of Skechers USA Inc. (NYSE:SKX) hit a new 52-week low on Thursday . The stock traded as low as $24.10 and last traded at $24.15, with a volume of 1,829,815 shares traded. The stock had previously closed at $24.33.

Several research firms have commented on SKX. Zacks Investment Research downgraded Skechers USA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Vetr upgraded Skechers USA from a “sell” rating to a “strong-buy” rating and set a $49.62 target price for the company in a research report on Tuesday, June 7th. Monness Crespi & Hardt downgraded Skechers USA from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating and issued a $32.00 target price on shares of Skechers USA in a research report on Monday. Finally, OTR Global downgraded Skechers USA to a “positive” rating in a research report on Thursday, April 7th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Skechers USA has an average rating of “Buy” and an average price target of $32.06.

The stock has a market capitalization of $3.70 billion and a PE ratio of 13.89. The company’s 50 day moving average price is $29.52 and its 200 day moving average price is $30.16.

Skechers USA (NYSE:SKX) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.02. The firm earned $877.80 million during the quarter, compared to analysts’ expectations of $892.06 million. During the same period in the prior year, the firm earned $0.52 EPS. Equities analysts expect that Skechers USA Inc. will post $1.87 EPS for the current fiscal year.

In other news, CEO Robert Greenberg sold 300,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $31.44, for a total value of $9,432,000.00. Following the completion of the sale, the chief executive officer now owns 277,693 shares of the company’s stock, valued at approximately $8,730,667.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael Greenberg sold 200,000 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $33.87, for a total value of $6,774,000.00. Following the completion of the sale, the president now directly owns 616,433 shares of the company’s stock, valued at approximately $20,878,585.71. The disclosure for this sale can be found here.

Other large investors recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. bought a new stake in Skechers USA during the fourth quarter worth $1,045,000. Quantitative Investment Management LLC raised its stake in Skechers USA by 380.3% in the fourth quarter. Quantitative Investment Management LLC now owns 36,500 shares of the company’s stock worth $1,102,000 after buying an additional 28,900 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Skechers USA by 205.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,682 shares of the company’s stock worth $1,138,000 after buying an additional 25,359 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Skechers USA by 132.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 38,925 shares of the company’s stock worth $1,175,000 after buying an additional 22,210 shares during the period. Finally, 1492 Capital Management LLC raised its stake in Skechers USA by 174.8% in the fourth quarter. 1492 Capital Management LLC now owns 39,228 shares of the company’s stock worth $1,185,000 after buying an additional 24,952 shares during the period.

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

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