The Street Is Finally Waking Up To Skechers U S A, Inc. (NYSE: SKX)

After Hours

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Stocks Info

Skechers U S A, Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Footwear & Accessories industry. The current market capitalization of Skechers U S A, Inc. is $10.66B. A total of 1.54 million shares were traded on the day, compared to an average of 1.97M shares.

In the most recent transaction, THE MICHAEL GREENBERG TRUST bought 422,000 shares of SKX for 69.86 per share on Aug 27 ’24. In a previous transaction on Jun 07 ’24, Garcia Zulema sold 1,100 shares at 72.80 per share. SKX shares that Director owns now total 12,900.

Among the insiders who sold shares, PACCIONE PHILLIP disposed of 423 shares on Jun 04 ’24 at a per-share price of $69.45. This resulted in the General Counsel & Secretary holding 35,000 shares of SKX after the transaction. In another insider transaction, BLAIR KATHERINE J. sold 3,500 shares at $68.78 per share on May 16 ’24. Company shares held by the Director now total 11,900.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SKX has a high of $75.09 and a low of $45.58.

As of this writing, SKX has an earnings estimate of $1.16 per share for the current quarter. EPS was calculated based on a consensus of 13.0 estimates, with a high estimate of $1.21 per share and a lower estimate of $1.13. The company reported an EPS of $0.93 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SKX’s latest balance sheet shows that the firm has $894.86M in Cash & Short Term Investments as of fiscal 2021. There were $1.66B in debt and $1.45B in liabilities at the time. Its Book Value Per Share was $27.72, while its Total Shareholder’s Equity was $3.54B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SKX is Buy with a score of 4.92.

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