Insider Selling: Thomas Walsh Sells 1,250 Shares of Skechers USA Stock (SKX)
Skechers USA (NYSE:SKX) Director Thomas Walsh sold 1,250 shares of Skechers USA stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $29.46, for a total value of $36,825.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on SKX shares. Analysts at Sterne Agee reiterated a “positive” rating on shares of Skechers USA (NYSE:SKX) in a research note to investors on Wednesday, August 21st. They now have a $36.00 price target on the stock, up previously from $33.00. Separately, analysts at Susquehanna cut their price target on shares of Skechers USA (NYSE:SKX) from $31.00 to $27.00 in a research note to investors on Monday, August 5th. Finally, analysts at Zacks upgraded shares of Skechers USA (NYSE:SKX) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $30.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.40.
Shares of Skechers USA (NYSE:SKX) traded up 2.34% on Wednesday, hitting $29.76. 360,699 shares of the company’s stock traded hands. Skechers USA has a 52-week low of $15.18 and a 52-week high of $31.56. The stock’s 50-day moving average is $29.81 and its 200-day moving average is $24.61. The company has a market cap of $1.508 billion and a price-to-earnings ratio of 51.47.
Skechers USA (NYSE:SKX) last announced its earnings results on Wednesday, July 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.11. The company had revenue of $428.20 million for the quarter, compared to the consensus estimate of $427.62 million. During the same quarter last year, the company posted ($0.04) earnings per share. Skechers USA’s revenue was up 25.6% compared to the same quarter last year. On average, analysts predict that Skechers USA will post $1.16 earnings per share for the current fiscal year.
Skechers U.SA, Inc (NYSE:SKX) designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under several lines.
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