Skechers U.S.A., Inc. (NYSE:SKX) Director Jeffrey Greenberg sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.72, for a total value of $951,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeffrey Greenberg also recently made the following trade(s):

  • On Friday, October 20th, Jeffrey Greenberg sold 180,000 shares of Skechers U.S.A. stock. The stock was sold at an average price of $31.72, for a total value of $5,709,600.00.

Skechers U.S.A. (NYSE:SKX) last issued its quarterly earnings data on Thursday, October 19th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year.

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A number of equities analysts have commented on SKX shares. Vetr upgraded Skechers U.S.A. from a “hold” rating to a “buy” rating and set a $32.12 price objective on the stock in a research note on Monday, July 10th. Buckingham Research set a $34.00 price objective on Skechers U.S.A. and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Citigroup Inc. raised their price objective on Skechers U.S.A. from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. B. Riley restated a “buy” rating and set a $37.00 price objective on shares of Skechers U.S.A. in a research note on Friday, July 21st. Finally, Cowen and Company set a $35.00 price objective on Skechers U.S.A. and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $34.39.

Hedge funds have recently modified their holdings of the stock. Kennedy Capital Management Inc. increased its stake in Skechers U.S.A. by 20.5% in the second quarter. Kennedy Capital Management Inc. now owns 643,198 shares of the textile maker’s stock valued at $18,974,000 after acquiring an additional 109,441 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Skechers U.S.A. by 94.5% in the second quarter. BNP Paribas Arbitrage SA now owns 58,963 shares of the textile maker’s stock valued at $1,739,000 after acquiring an additional 28,646 shares during the last quarter. Aristotle Fund L.P. increased its stake in Skechers U.S.A. by 8.2% in the second quarter. Aristotle Fund L.P. now owns 519,700 shares of the textile maker’s stock valued at $15,331,000 after acquiring an additional 39,200 shares during the last quarter. BlackRock Inc. increased its stake in Skechers U.S.A. by 3,136.5% in the first quarter. BlackRock Inc. now owns 11,190,173 shares of the textile maker’s stock valued at $307,170,000 after acquiring an additional 10,844,421 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Skechers U.S.A. by 3.8% in the second quarter. Principal Financial Group Inc. now owns 568,669 shares of the textile maker’s stock valued at $16,776,000 after acquiring an additional 20,829 shares during the last quarter. Institutional investors own 70.60% of the company’s stock.

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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