Susquehanna Bancshares Inc reissued their buy rating on shares of Skechers U.S.A., Inc. (NYSE:SKX) in a research report sent to investors on Tuesday. Susquehanna Bancshares Inc currently has a $34.00 price target on the textile maker’s stock.
A number of other analysts also recently commented on the stock. Vetr downgraded shares of Skechers U.S.A. from a hold rating to a sell rating and set a $26.50 target price on the stock. in a report on Monday, June 12th. Zacks Investment Research downgraded shares of Skechers U.S.A. from a hold rating to a sell rating in a report on Thursday, July 27th. Citigroup Inc. boosted their target price on shares of Skechers U.S.A. from $30.00 to $34.00 and gave the stock a buy rating in a report on Friday, July 21st. Buckingham Research set a $34.00 target price on shares of Skechers U.S.A. and gave the stock a buy rating in a report on Saturday, July 22nd. Finally, BidaskClub upgraded shares of Skechers U.S.A. from a hold rating to a buy rating in a report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Skechers U.S.A. presently has a consensus rating of Hold and a consensus price target of $31.02.
Shares of Skechers U.S.A. (NYSE:SKX) traded up 0.390% on Tuesday, reaching $24.485. 728,391 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $25.68 and its 200-day moving average price is $26.54. Skechers U.S.A. has a 1-year low of $18.81 and a 1-year high of $30.00. The company has a market capitalization of $3.88 billion, a P/E ratio of 16.980 and a beta of 0.19.
Skechers U.S.A. (NYSE:SKX) last released its earnings results on Thursday, July 20th. The textile maker reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). Skechers U.S.A. had a return on equity of 12.79% and a net margin of 5.92%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $966.46 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Analysts anticipate that Skechers U.S.A. will post $1.57 EPS for the current fiscal year.
In other news, General Counsel Phillip Paccione sold 1,004 shares of Skechers U.S.A. stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $27.24, for a total value of $27,348.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 21.73% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management Inc. grew its position in Skechers U.S.A. by 20.5% during the second quarter. Kennedy Capital Management Inc. now owns 643,198 shares of the textile maker’s stock valued at $18,974,000 after purchasing an additional 109,441 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Skechers U.S.A. by 94.5% during the second quarter. BNP Paribas Arbitrage SA now owns 58,963 shares of the textile maker’s stock valued at $1,739,000 after purchasing an additional 28,646 shares in the last quarter. Aristotle Fund L.P. grew its position in Skechers U.S.A. by 8.2% during the second quarter. Aristotle Fund L.P. now owns 519,700 shares of the textile maker’s stock valued at $15,331,000 after purchasing an additional 39,200 shares in the last quarter. BlackRock Inc. grew its position in Skechers U.S.A. by 3,136.5% during the first quarter. BlackRock Inc. now owns 11,190,173 shares of the textile maker’s stock valued at $307,170,000 after purchasing an additional 10,844,421 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Skechers U.S.A. by 3.8% during the second quarter. Principal Financial Group Inc. now owns 568,669 shares of the textile maker’s stock valued at $16,776,000 after purchasing an additional 20,829 shares in the last quarter. 70.52% of the stock is currently owned by hedge funds and other institutional investors.
About Skechers U.S.A.
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.
What are top analysts saying about Skechers U.S.A. Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Skechers U.S.A. Inc. and related companies.