24 May, 2017
Keybank National Association OH's holdings in Skechers USA were worth $745,000 at the end of the most recent quarter.
Several other equities analysts have also issued reports on SKX. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 11,190,173 shares of the stock are valued at $262.41 million. It indicates oversold and overbought price levels for a stock. (SKX) have 155.23 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Skechers U.S.A., Inc.'s stock price now sits at $23.61. The third largest holder is Vanguard Group Inc, which now holds $235.52 million worth of this stock and that ownership represents almost 6.26% of its market capitalization.
Skechers U.S.A., Inc. (SKX) shares have been seen trading -28.31% off its 52 week- peak value and changed 24.67% from its 52 week-bottom price value. Traders may also keep an eye on a company's PEG or price to earnings growth ratio. The lowest target is $2.50 while the high is $185. The company has a 50-day moving average of $25.06 and a 200-day moving average of $25.00. The company's current price-earnings ratio amounts to 15.20 times earnings, below the average P/E ratio of 21.89 times earnings.
News stories about Skechers USA (NYSE:SKX) have trended positive recently, Alpha One Sentiment reports. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Skechers USA had a return on equity of 15.10% and a net margin of 6.83%. Skechers USA's revenue was up 9.6% on a year-over-year basis. The firm has "Buy" rating by Argus Research given on Tuesday, October 13. On average, equities research analysts expect that Skechers USA Inc will post $1.77 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on the stock. Standpoint Research had a markedly different take on 16/03/2017, proposing that Skechers U.S.A., Inc.is now considered Hold versus prior Buy rating.
Ratings analysis reveals 73% of Skechers Usa Inc.'s analysts are positive. Wedbush boosted their price objective on shares of Skechers USA from $23.00 to $25.00 and gave the company a neutral rating in a research report on Wednesday, January 25th. The stock of Skechers USA Inc (NYSE:SKX) earned "Buy" rating by Buckingham Research on Thursday, December 1. Monness Crespi & Hardt maintained the stock with "Buy" rating in Thursday, July 30 report.
In related news, COO David Weinberg sold 24,188 shares of the company's stock in a transaction on Thursday, March 2nd. Following the completion of the sale, the chief operating officer now owns 244,188 shares of the company's stock, valued at approximately $6,329,352.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
In the transaction dated March 15, 2017, the great number of shares disposed came courtesy the Executive Vice President; NASON MARK A disposed a total of 18,376 shares at an average price of $27.21, amounting to approximately $500,011. The stock was sold at an average price of $25.08, for a total transaction of $589,430.16. After this sale, 10,750 common shares of SKX are directly owned by the insider, with total stake valued at $252,088. The disclosure for this sale can be found here. Over the past 2 quarters, the stock is up 2.75%, compared with a fall of almost -12.47% for 3 months and about -9.11% for the past 30 days.
Skechers U.S.A., Inc. (NYSE:SKX)'s shares may have a significant upside to the consensus target of 29.22, but how has it been performing relative to the market?
