Skechers USA Inc (NYSE:SKX) CEO Robert Greenberg sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $37.66, for a total value of $18,830,000.00. Following the transaction, the chief executive officer now directly owns 267,713 shares of the company’s stock, valued at approximately $10,082,071.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Skechers USA Inc (NYSE SKX) opened at $38.32 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 3.46. Skechers USA Inc has a 52 week low of $22.31 and a 52 week high of $38.41. The company has a market capitalization of $6,056.72, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.61 and a beta of 0.15.
Skechers USA (NYSE:SKX) last issued 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. Skechers USA had a return on equity of 13.70% and a net margin of 6.38%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $0.42 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. equities research analysts anticipate that Skechers USA Inc will post 1.7 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Alps Advisors Inc. boosted its stake in Skechers USA by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,304 shares of the textile maker’s stock valued at $540,000 after purchasing an additional 47 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Skechers USA by 1.3% in the 2nd quarter. Utah Retirement Systems now owns 24,000 shares of the textile maker’s stock worth $708,000 after buying an additional 300 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Skechers USA by 6.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,428 shares of the textile maker’s stock worth $161,000 after buying an additional 335 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Skechers USA by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,594 shares of the textile maker’s stock worth $136,000 after buying an additional 503 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Skechers USA by 0.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 80,310 shares of the textile maker’s stock worth $2,367,000 after buying an additional 503 shares during the last quarter. Institutional investors and hedge funds own 70.08% of the company’s stock.
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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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