Skechers U.S.A. Inc. (NYSE:SKX) saw an upside of 0.37% to close Tuesday at $41.23 after adding $0.15 on the day. The 5-day average trading volume is 1,062,020 shares of the company’s common stock. It has gained $42.90 in the past week. An average of 1,577,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,209,908.
SKX’s 1-month performance is -10.62% or -$5.51 on its low of $40.85 reached on 10/12/21. The company’s shares have touched a 52-week low of $30.06 and high of $55.87, with the stock’s rally to the 52-week high happening on 07/23/21. YTD, SKX has achieved 14.72% or $5.29. However, the current price is down -26.20%% from the 52-week high price.
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On Sep 24, 19 days have gone by since the last insider trading activity for Skechers U.S.A. Inc. (SKX). GREENBERG JEFFREY (Director) most recently sold 9,000 shares at $43.55 per share on Sep 24. This transaction cost the insider $391,921. Director, GREENBERG JEFFREY, sold 50,000 shares at a price of $45.38 on Sep 16. Then, on Aug 04, Director Walsh Thomas sold 3,000 shares at a price of $53.86 per share. This transaction amounted to $161,568.
The company’s PE ratio for the last five years has touched a high of 68.25 and a low of 9.120. SKX stock has a beta of 1.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.14 while the price-to-book (PB) in the most recent quarter is 2.35, with the price to cash flow ratio at 39.25.
Skechers U.S.A. Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.40 meaning that SKX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 49.10%. The trailing 12-month EBITDA margin is 6.06% while for the period ending June 29; Skechers U.S.A. Inc.’s operating margin was 8.90%. The firm’s gross profit as reported stood at $2.19 billion against revenue of $4.6 billion.
For the quarterly period ending June 29 this year, Skechers U.S.A. Inc.’s cash and short-term investments amounted to $107.63 million against total debt of $1.54 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SKX to announce $0.52 per share in earnings in its latest quarter, but it posted $0.88, representing a 69.20% surprise. EBITDA for the quarter stood at more than $234.85 million. SKX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.75 billion, with total debt at $1.54 billion. Shareholders hold equity totaling $155.83 million
Let’s look briefly at Skechers U.S.A. Inc. (SKX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 29.28% to suggest the stock is trending oversold, with historical volatility in this time period at 21.24%.
The stock’s 5-day moving average is $41.68, reflecting a -1.43% or -$0.60 change from its current price. SKX is currently trading -10.70% above its 20-day SMA, -11.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -24.40% and +14.15% respectively.
Stochastic %K and %D was 8.39% and 13.60% and the average true range (ATR) pointed at 1.31. The RSI (14) points at 29.69%, while the 14-day stochastic is at 5.90% with the period’s ATR at 1.36. The stock’s 9-day MACD Oscillator is pointing at -0.42 and -1.21 on the 14-day charts.
In the most recent analyst report for Skechers U.S.A. Inc. (NYSE: SKX), Wedbush launched coverage with a Neutral rating. Analysts offering their rating for SKX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SKX as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is SKX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $43.00 and a high of $74.00, with their median price target at $63.00. Looking at these predictions, the average price target given by analysts is for Skechers U.S.A. Inc. (SKX) stock is $62.19.