Skechers U.S.A., Inc. (NYSE:SKX) Director Jeffrey Greenberg sold 180,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $31.72, for a total transaction of $5,709,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Skechers U.S.A., Inc. (NYSE:SKX) traded down 1.62% during trading on Tuesday, hitting $33.42. 4,467,814 shares of the company were exchanged. The company has a 50 day moving average of $25.74 and a 200-day moving average of $26.51. Skechers U.S.A., Inc. has a 1-year low of $18.81 and a 1-year high of $34.87. The stock has a market capitalization of $5.29 billion, a PE ratio of 23.18 and a beta of 0.19.

Skechers U.S.A. (NYSE:SKX) last announced its earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.16. Skechers U.S.A. had a return on equity of 13.70% and a net margin of 6.38%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts forecast that Skechers U.S.A., Inc. will post $1.70 earnings per share for the current year.

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SKX has been the topic of a number of research reports. Cowen and Company set a $35.00 target price on shares of Skechers U.S.A. and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Vetr downgraded shares of Skechers U.S.A. from a “strong-buy” rating to a “buy” rating and set a $32.17 target price for the company. in a research note on Tuesday, July 25th. Buckingham Research set a $34.00 target price on shares of Skechers U.S.A. and gave the company a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. upped their target price on shares of Skechers U.S.A. from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, B. Riley reaffirmed a “buy” rating and issued a $37.00 target price on shares of Skechers U.S.A. in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $34.48.

A number of hedge funds and other institutional investors have recently bought and sold shares of SKX. Alps Advisors Inc. increased its stake in Skechers U.S.A. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 18,304 shares of the textile maker’s stock worth $540,000 after acquiring an additional 47 shares during the last quarter. Utah Retirement Systems increased its position in shares of Skechers U.S.A. by 0.4% during the 1st quarter. Utah Retirement Systems now owns 23,700 shares of the textile maker’s stock valued at $651,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Skechers U.S.A. by 6.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,428 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 335 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Skechers U.S.A. by 0.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 80,310 shares of the textile maker’s stock valued at $2,367,000 after purchasing an additional 503 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Skechers U.S.A. by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,594 shares of the textile maker’s stock valued at $136,000 after purchasing an additional 503 shares during the last quarter. 70.53% of the stock is currently owned by institutional investors.

About Skechers U.S.A.

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. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

Insider Buying and Selling by Quarter for Skechers U.S.A. (NYSE:SKX)

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