Skechers USA Inc (SKX) Stock Rating Upgraded by Vetr Inc

Skechers USA has set its Q2 guidance at $0.42-0.47 EPS. 3,338,003 shares of the company's stock were exchanged.

SKX has been the topic of a number of research analyst reports.

Shares of Skechers USA Inc (NYSE:SKX) have been given an average rating of "Hold" by the fourteen ratings firms that are covering the company.

Analysts gives Skechers USA Inc (NYSE:SKX) a mean recommendation of 2.30. The 52-week range of the share price is from $32.64 - $46.05. Standpoint Research lowered Skechers USA from a "buy" rating to a "hold" rating in a report on Thursday, March 16th. The company has an average rating of Hold and a consensus price target of $28.36.

Skechers U.S.A., Inc. (NYSE:SKX) is another stock that is grabbing investors attention these days. The most optimistic analyst sees the stock reaching $35 while the most conventional has $25 target price if we look at the price target with an optimistic approach it has upside potential of 50% from its recent closing price of $23.35. Volatility of the stock was 3.51% for the week while for the month booked as 3.17%. The stock is now trading -28.74% away from the 52-week high and separated 23.92% from the 52-week low. Skechers USA also was the recipient of unusually large options trading activity on Monday. Stock investors bought 23,797 call options on the stock. This represents an increase of 538% compared to the typical daily volume of 3,730 call options.

Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, April 20th. During the same quarter in the previous year, the company earned $0.63 earnings per share. Skechers USA had a net margin of 6.83% and a return on equity of 15.10%. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. During the same quarter in the prior year, the business posted $0.63 EPS. Revenue for the quarter also killed consensus, coming in at $1.07B, compared to the consensus of 1.06B. Skechers USA now has an average rating of "Hold" and an average target price of $28.36. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of US & global copyright law. The original version of this piece can be viewed at

In other Skechers USA news, Director Richard Rappaport sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 29th.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.

Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Following the transaction, the chief operating officer now owns 244,188 shares of the company's stock, valued at $6,329,352.96. The stock was sold at an average price of $25.92, for a total transaction of $626,952.96. Following the transaction, the insider now directly owns 78,752 shares in the company, valued at approximately $2,142,841.92. The disclosure for this sale can be found here. (SKX) has the trading volume of 3.11 Million shares with the average trading volume of 3400 shares.

A number of institutional investors have recently modified their holdings of the stock. Rothschild Asset Management Inc. purchased a new position in Skechers USA during the third quarter worth approximately $22,134,000. The stock remained 2.21% volatile for the week and 1.52% for the month. Neuburgh Advisers LLC now owns 4,796 shares of the textile maker's stock valued at $132,000 after buying an additional 176 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Skechers USA during the first quarter valued at approximately $7,410,000. Finally, Two Sigma Investments LP acquired a new position in Skechers USA during the fourth quarter worth about $14,300,000.

Over the last 5 years, Skechers U.S.A., Inc. has averaged a 40.00% YoY EPS growth rate and a 17.30% revenue growth rate.

Skechers U.S.A., Inc. (SKX) has the market capitalization of $3.74 Billion.

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