Jeffrey Greenberg Sells 75,000 Shares of Skechers USA Inc (SKX) Stock

Skechers USA Inc (NYSE:SKX) Director Jeffrey Greenberg sold 75,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $35.16, for a total value of $2,637,000.00. 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 Wednesday, November 1st, Jeffrey Greenberg sold 30,000 shares of Skechers USA stock. The stock was sold at an average price of $31.72, for a total value of $951,600.00.
  • On Friday, October 20th, Jeffrey Greenberg sold 180,000 shares of Skechers USA stock. The stock was sold at an average price of $31.72, for a total value of $5,709,600.00.

Skechers USA Inc (NYSE:SKX) traded up $0.35 during trading hours on Friday, reaching $35.45. The company’s stock had a trading volume of 2,442,181 shares, compared to its average volume of 2,807,966. Skechers USA Inc has a 12-month low of $22.31 and a 12-month high of $35.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 3.46. The firm has a market cap of $5,620.00, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.45 and a beta of 0.11.

Skechers USA (NYSE:SKX) last posted its quarterly earnings data 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 USA had a return on equity of 20.22% and a net margin of 9.76%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. analysts forecast that Skechers USA Inc will post 1.71 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of SKX. Seven Eight Capital LP acquired a new position in Skechers USA during the 2nd quarter worth $105,000. Aviance Capital Management LLC acquired a new position in Skechers USA during the 2nd quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Skechers USA by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,594 shares of the textile maker’s stock worth $136,000 after buying an additional 503 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Skechers USA by 6.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,428 shares of the textile maker’s stock worth $161,000 after buying an additional 335 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Skechers USA during the 2nd quarter worth $206,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on SKX shares. BidaskClub lowered Skechers USA from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Cowen set a $35.00 price target on Skechers USA and gave the stock a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research lowered Skechers USA from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Buckingham Research restated a “buy” rating and set a $32.00 price target (down from $34.00) on shares of Skechers USA in a research report on Monday, September 25th. Finally, Susquehanna Bancshares restated a “buy” rating and set a $34.00 price target on shares of Skechers USA in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.46.

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About Skechers USA

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 USA (NYSE:SKX)

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