Skechers USA Inc Expected to Earn Q1 2018 Earnings of $0.79 Per Share (SKX)

Skechers USA Inc (NYSE:SKX) – Equities researchers at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for Skechers USA in a research report issued on Tuesday. B. Riley analyst J. Van. Sinderen anticipates that the textile maker will post earnings per share of $0.79 for the quarter. B. Riley currently has a “Buy” rating and a $47.00 target price on the stock. B. Riley also issued estimates for Skechers USA’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.74 EPS and Q4 2018 earnings at $0.16 EPS.

A number of other equities analysts have also recently issued reports on SKX. Susquehanna Bancshares reissued a “buy” rating and set a $34.00 price objective on shares of Skechers USA in a research report on Tuesday, October 10th. Wedbush raised shares of Skechers USA from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $24.03 to $35.00 in a research report on Friday, October 20th. Monness Crespi & Hardt increased their price objective on shares of Skechers USA from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Morgan Stanley increased their price objective on shares of Skechers USA from $28.50 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Finally, Citigroup reissued a “positive” rating and set a $38.00 price objective (up previously from $34.00) on shares of Skechers USA in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Skechers USA has an average rating of “Buy” and a consensus price target of $39.50.

Skechers USA (NYSE SKX) opened at $40.42 on Wednesday. The stock has a market cap of $6,257.98, a PE ratio of 24.53, a PEG ratio of 1.29 and a beta of 0.20. The company has a current ratio of 3.46, a quick ratio of 2.30 and a debt-to-equity ratio of 0.04. Skechers USA has a 1 year low of $22.31 and a 1 year high of $41.58.

In other Skechers USA news, Director Thomas Walsh sold 750 shares of Skechers USA stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.81, for a total transaction of $26,107.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Greenberg sold 500,000 shares of Skechers USA stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $37.66, for a total transaction of $18,830,000.00. Following the transaction, the chief executive officer now directly owns 267,713 shares in the company, valued at approximately $10,082,071.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 580,750 shares of company stock worth $21,665,988. 38.20% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Aurora Investment Counsel bought a new position in shares of Skechers USA during the 4th quarter worth approximately $2,383,000. UBS Asset Management Americas Inc. lifted its position in shares of Skechers USA by 17.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 102,030 shares of the textile maker’s stock worth $3,010,000 after buying an additional 15,284 shares in the last quarter. State Street Corp lifted its position in shares of Skechers USA by 47.2% during the 2nd quarter. State Street Corp now owns 5,031,124 shares of the textile maker’s stock worth $148,423,000 after buying an additional 1,613,977 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Skechers USA by 108.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 134,227 shares of the textile maker’s stock worth $3,368,000 after buying an additional 69,813 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its position in shares of Skechers USA by 112.1% during the 3rd quarter. Boothbay Fund Management LLC now owns 19,298 shares of the textile maker’s stock worth $484,000 after buying an additional 10,198 shares in the last quarter. 69.68% of the stock is currently owned by hedge funds and other institutional investors.

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Skechers USA Company Profile

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.

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