According to Bloomberg, the fourteen research firms following Skechers U.S.A., Inc. (NYSE: S.K.X.) have given the stock a consensus rating of “Moderate Buy.” Nine research analysts have given the business a buy rating, and one has rated the stock with a hold recommendation. Brokerages that have raised or dropped their stock coverage in the previous year have set their price target at $51.89 on average for the next 12 months. Several different brokerages have provided their opinions regarding S.K.X. On Wednesday, July 27, Morgan Stanley released a research note on Skechers U.S.A. announcing that they were dropping their “overweight” rating on the business from $62.00 to $59.00.
This change was communicated through the publication of a research note. In a research note distributed by Cowen on July 25, the company gave Skechers U.S.A. a “outperform” rating. Simultaneously, Cowen decreased their price goal on Skechers U.S.A. to $39.00. In a research note published by Monness Crespi & Hardt on Wednesday, July 27, the brokerage firm lowered their price objective for Skechers U.S.A. to $50.00 while also assigning the company’s shares a “outperform” rating. The research note addressed issues about the company’s shares. In a research note published on July 27, Wedbush lowered their price goal for Skechers U.S.A. from $48.00 to $42.00 and gave the business a “outperform” rating. Last but not least, Skechers U.S.A. received a rating of “c+” instead of “b” from TheStreet in a research note published on Tuesday, May 17.
Previously, the firm had been assigned a rating of “b” by TheStreet. On Monday, the NYSE SKX opened at $38.07, marking the beginning of the trading week. The average price paid by customers for the product or service during the past 50 days is $38.09, and the average price paid over the last 200 days is $38.64. During the past year, Skechers U.S.A. saw its all-time low of $33.50 and its all-time high of $50.81. The stock carries a price-to-earnings ratio of 8.33 and a beta value of 1.28. The market capitalization of the company is $5.94 billion. The company’s quick ratio is 1.31, its current ratio is 2.34, and its debt-to-equity ratio stands at 0.07. On Tuesday, July 26, the most recent earnings report for Skechers U.S.A. was made available to the general public. Skechers U.S.A. shares are traded on the New York Stock Exchange (NYSE) under the ticker S.K.X. The textile manufacturer reported earnings per share for the quarter that came in at $0.58, which was $0.04 higher than the consensus expectation of $0.54.
During the most recent financial year, Skechers U.S.A. achieved a return on equity of 10.96% and a net margin of 10.41%. The sales for the company for the quarter came in at $1.87 billion, which was substantially higher than the analysts’ projections of $1.77 billion for the company’s revenue during the period. Research experts predict that Skechers U.S.A. will report an earnings per share figure for the current fiscal year between 2.64 and 3.08. On Tuesday, August 16, Executive Vice President Mark A. Nason completed the sale of 15,198 shares of Skechers U.S.A. stock. This is another occurrence that is relevant to this topic. The stock sale resulted in a transaction with a total value of 618,406.62 dollars due to the average price of $40.69 per share, which was achieved. After the completion of the sale, the executive vice president now has direct authority over 51,403 shares of the company, the total worth of which is 2,091,588.07 dollars.
If you select this link, you will be sent to a document filed with the Securities and Exchange Commission containing information regarding the transaction you are interested in. Corporate insiders currently own a control position of 24.44% of the company’s stock. A number of hedge funds have been active in the market recently, buying and selling shares in S.K.X. During the fourth quarter, Dimensional Fund Advisors L.P. successfully increased the proportion of Skechers U.S.A. shares that it owned by 20.9%. Dimensional Fund Advisors LP is now the owner of 1,964,028 shares of the textile manufacturer’s stock after purchasing an additional 339,807 shares throughout the month. The value of these shares is currently $85,239,000. The Teacher Retirement System of Texas had an increase of 19.2% in the value of the Skechers U.S.A. stocks that it owns during the quarter that ended in the fourth.
Following the acquisition of an additional 4,197 shares during the period in question, the Texas Teacher Retirement System now holds 26,049 shares of the stock held by the textile maker. This brings the total value of its holdings to $1,131,000. T.D. Asset Management Inc. increased the amount of Skechers U.S.A. shares it held by 106.6% during the final three months of 2018. During the quarter, T.D. Asset Management Inc. made an additional purchase of 40,891 shares of the textile manufacturer’s stock. This brings the total number of shares owned by the business to 79,266, with a value of $3,440,000. During the fourth quarter of this fiscal year, Citigroup Inc. increased the percentage of Skechers U.S.A. stock owned by 22.0%. After making additional purchases during the quarter that totaled 8,824, Citigroup Inc. now has a total of 48,976 shares of the stock of the textile producer in its possession.
The value of these shares on the market as of right now is $2,126,000. And last but not least, during the last three months of 2018, Rhumbline Advisers increased its holdings in Skechers U.S.A. by 0.6%. During the period in question, Rhumbline Advisers purchased an additional 2,264 shares, bringing their total purchase of the textile manufacturer’s stock to 357,696 shares with a value of $15,524,000. Institutional investors now have ownership of 81.64% of the company’s stock as of this moment. Skechers U.S.A., Inc. designs, creates, develops, markets, and distributes footwear for men, women, and children of all ages and sports footwear for male and female athletes worldwide. This includes footwear for both recreational and competitive athletes. There are three distinct business divisions, and their respective names are domestic wholesale, international wholesale, and direct-to-consumer wholesale.
Under the brand names Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street, the company offers boys’ and girls’ sneakers, casuals, boots, and sandals. In addition, it sells men’s and women’s technical footwear under the brand name Skechers GOru. In addition, it sells footwear for both men and women that fall into casual, casual athletic, sport athletic, trail, sandals, boots, and vintage fashion. These categories cover a wide range of shoe styles.