Skechers USA Inc (SKX) Director Sells $2,637,000.00 in Stock

Skechers USA Inc (NYSE:SKX) Director Jeffrey Greenberg sold 75,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $35.16, for a total value of $2,637,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jeffrey Greenberg also recently made the following trade(s):

  • On Wednesday, November 1st, Jeffrey Greenberg sold 30,000 shares of Skechers USA stock. The stock was sold at an average price of $31.72, for a total value of $951,600.00.
  • On Friday, October 20th, Jeffrey Greenberg sold 180,000 shares of Skechers USA stock. The stock was sold at an average price of $31.72, for a total value of $5,709,600.00.

Skechers USA Inc (NYSE:SKX) opened at $35.45 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.46 and a quick ratio of 2.30. The company has a market capitalization of $5,620.00, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.49 and a beta of 0.15. Skechers USA Inc has a 1 year low of $22.31 and a 1 year high of $35.80.

Skechers USA (NYSE:SKX) last posted its earnings results on Thursday, October 19th. The textile maker reported $0.59 EPS for the quarter, beating the consensus estimate of $0.43 by $0.16. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Skechers USA had a return on equity of 13.70% and a net margin of 6.38%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. equities research analysts anticipate that Skechers USA Inc will post 1.71 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of SKX. Bank of Montreal Can raised its position in shares of Skechers USA by 888.8% during the second quarter. Bank of Montreal Can now owns 137,495 shares of the textile maker’s stock worth $4,057,000 after acquiring an additional 123,590 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Skechers USA by 1.5% during the second quarter. State Treasurer State of Michigan now owns 55,200 shares of the textile maker’s stock worth $1,628,000 after acquiring an additional 800 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Skechers USA by 106.3% during the second quarter. Russell Investments Group Ltd. now owns 373,680 shares of the textile maker’s stock worth $11,024,000 after acquiring an additional 192,538 shares during the last quarter. ING Groep NV bought a new position in shares of Skechers USA during the second quarter worth about $480,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Skechers USA by 0.6% during the second quarter. Great West Life Assurance Co. Can now owns 80,310 shares of the textile maker’s stock worth $2,367,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

Several analysts recently weighed in on the company. Monness Crespi & Hardt upped their price objective on Skechers USA from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. Vetr upgraded Skechers USA from a “hold” rating to a “buy” rating and set a $37.55 price objective for the company in a research report on Tuesday, November 28th. Zacks Investment Research upgraded Skechers USA from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research report on Monday, October 23rd. Finally, Cowen reiterated a “buy” rating and issued a $35.00 target price on shares of Skechers USA in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.46.

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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.

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