Skechers USA, Inc. (NYSE:SKX) Declines -0.22% Monday's Premarket
- Author: Zachary Reyes Feb 14, 2017,
Feb 14, 2017, 22:07
They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The highest and lowest price target given by the brokerage firms to the equity are $31 and $23, respectively. The count of Hold ratings in that period was 19. This company shares are -2.41% up from its target price of $27.11 and the current market capitalization stands at $4.41B.
Shares of Skechers U.S.A. (NYSE:SKX) from a strong-buy rating to a hold rating in a report released on Monday. It opened the session with a $27.8 price tag, later ranging from $26.9 to $27.8, the range at which the stock has traded at throughout the day. The Market Cap of the company stands at 165.47 Billion. Current price places the company's stock -40.22% away from its 200-day simple moving average, -25.38%, away from the 50-day average and also -16.56% away from 20-day average.
Skechers U.S.A. had a net margin of 6.83% and a return on equity of 15.10%.
Skechers U.S.A., Inc. (NYSE:SKX) is expected to report revenue of $1.06 Billion for the current quarter, according to consensus estimate of 7 analysts.
On 02/10/2017 close, Skechers U.S.A., Inc. Comparatively, growth in the past five years was 0.08 percent (per annum). On average, analysts expect that Skechers U.S.A. will post $1.80 earnings per share for the current year. Finally, Monness Crespi & Hardt raised Skechers U.S.A. from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.13 to $30.00 in a research note on Friday, December 23rd. If you are accessing this report on another publication, it was stolen and republished in violation of US and worldwide copyright & trademark law. SKX attains analyst recommendation of 2.30 with week's performance of 18.16%. The shares were sold at an average price of $22.64, for a total transaction of $33,960.00. The stock was purchased at an average cost of $21.96 per share, for a total transaction of $10,980,000.00. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 9,647,460 shares of the stock are valued at $268.01 million. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Wedbush initiated coverage on shares of Skechers U.S.A.in a research note on Tuesday, November 1st. Following the completion of the sale, the director now directly owns 24,000 shares of the company's stock, valued at $627,120. The disclosure for this purchase can be found here. One quarter earlier, revenue for the stock was at $942.42 million, with earnings at $0.42/share.
A number of other hedge funds have also made changes to their positions in SKX.
While taking a glance at financials, we can look at a number of key indicators about Skechers U.S.A., Inc.'s (SKX). The last close places the company's stock about $7.28 off its 52 week high of $34.27 and $8.18 above the 52 week low of $18.81. During the same quarter in the previous year, the business posted $0.20 earnings per share. Sheaff Brock Investment Advisors LLC raised its position in Skechers U.S.A.by 45.3% in the second quarter. BlackRock Fund Advisors now owns 4,920,426 shares of the company's stock valued at $112,678,000 after buying an additional 208,663 shares in the last quarter.
While looking at the Stock's Performance, Skechers U.S.A., Inc. now shows a Weekly Performance of 16.04%, where Monthly Performance is 5.8%, Quarterly performance is 26.06%, 6 Months performance is 6.6% and yearly performance percentage is -11.16%. Rail Splitter Capital Management LLC now owns 399,161 shares of the company's stock worth $11,863,000 after buying an additional 31,338 shares during the last quarter. In short, whatever a given analyst recommendation may say, always consider whether a particular investment is right for you in light of your own financial circumstances.
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.