Skechers USA Inc. (NYSE:SKX) Director Thomas Walsh sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $22.64, for a total value of $33,960.00. Following the transaction, the director now directly owns 11,500 shares in the company, valued at approximately $260,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Skechers USA Inc. (NYSE:SKX) opened at 22.28 on Tuesday. Skechers USA Inc. has a 1-year low of $18.81 and a 1-year high of $34.27. The stock has a market capitalization of $3.52 billion, a PE ratio of 12.95 and a beta of 0.27. The firm has a 50-day moving average of $21.56 and a 200 day moving average of $25.47.

Skechers USA (NYSE:SKX) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.04. The company earned $942.40 million during the quarter, compared to the consensus estimate of $954.38 million. Skechers USA had a net margin of 7.56% and a return on equity of 17.44%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. On average, equities analysts anticipate that Skechers USA Inc. will post $1.63 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Skechers USA (NYSE:SKX)

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SKX has been the subject of a number of recent analyst reports. Susquehanna upgraded shares of Skechers USA from a “neutral” rating to a “positive” rating and set a $27.00 price objective for the company in a research report on Friday, September 30th. Morgan Stanley downgraded shares of Skechers USA from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $25.00 in a research report on Wednesday, September 21st. Vetr upgraded shares of Skechers USA from a “buy” rating to a “strong-buy” rating and set a $24.19 price objective for the company in a research report on Monday, October 24th. Standpoint Research restated a “buy” rating on shares of Skechers USA in a research report on Monday, November 7th. Finally, Citigroup Inc. downgraded shares of Skechers USA from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $21.00 in a research report on Friday, October 21st. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.04.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA bought a new position in Skechers USA during the second quarter valued at about $117,000. US Bancorp DE boosted its position in Skechers USA by 45.7% in the second quarter. US Bancorp DE now owns 5,211 shares of the company’s stock valued at $155,000 after buying an additional 1,635 shares during the period. Van Hulzen Asset Management LLC bought a new position in Skechers USA during the third quarter valued at about $135,000. MSI Financial Services Inc boosted its position in Skechers USA by 36.6% in the third quarter. MSI Financial Services Inc now owns 6,210 shares of the company’s stock valued at $143,000 after buying an additional 1,665 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Skechers USA by 20.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,442 shares of the company’s stock valued at $192,000 after buying an additional 1,079 shares during the period. Institutional investors and hedge funds own 61.06% of the company’s stock.

Skechers USA Company Profile

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.

5 Day Chart for NYSE:SKX

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