Skechers USA (SKX) Receiving Somewhat Favorable News Coverage, Study Shows

News coverage about Skechers USA (NYSE:SKX) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Skechers USA earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 45.0671841903581 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Co raised their price objective on shares of Skechers USA from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Cowen restated a “buy” rating and issued a $35.00 price objective on shares of Skechers USA in a research note on Friday, October 27th. Argus upgraded shares of Skechers USA from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Susquehanna Bancshares restated a “buy” rating and issued a $46.00 price objective on shares of Skechers USA in a research note on Monday, December 4th. Finally, B. Riley set a $37.00 price objective on shares of Skechers USA and gave the stock a “buy” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Skechers USA has an average rating of “Buy” and an average price target of $37.96.

Shares of Skechers USA (NYSE SKX) traded down $0.12 during trading on Friday, hitting $38.55. 1,530,000 shares of the stock traded hands, compared to its average volume of 1,880,000. The firm has a market capitalization of $6,110.00, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.14. 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 has a twelve month low of $22.31 and a twelve month high of $39.71.

Skechers USA (NYSE:SKX) last posted its quarterly earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.16. Skechers USA had a net margin of 6.38% and a return on equity of 13.70%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business’s revenue was up 16.2% compared to the same quarter last year. analysts anticipate that Skechers USA will post 1.7 earnings per share for the current year.

In other Skechers USA news, Director Thomas Walsh sold 750 shares of Skechers USA stock in a transaction on Monday, November 27th. The shares were sold at an average price of $34.81, for a total transaction of $26,107.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael Greenberg sold 150,000 shares of Skechers USA stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $31.86, for a total transaction of $4,779,000.00. Following the sale, the president now owns 251,679 shares in the company, valued at approximately $8,018,492.94. The disclosure for this sale can be found here. Insiders have sold 962,250 shares of company stock worth $33,823,248 in the last quarter. Corporate insiders own 38.20% of the company’s stock.

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About Skechers USA

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.

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

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