Skechers U.S.A. (SKX) Set to Announce Quarterly Earnings on Thursday

Skechers U.S.A. (NYSE:SKX) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Skechers U.S.A. to post earnings of $1.10 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Skechers U.S.A. (NYSE:SKX) last announced its quarterly earnings results on Thursday, February 1st. The textile maker reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. Skechers U.S.A. had a return on equity of 12.89% and a net margin of 6.82%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts expect Skechers U.S.A. to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Skechers U.S.A. Stock Down 1.5 %

SKX opened at $56.52 on Thursday. Skechers U.S.A. has a fifty-two week low of $45.58 and a fifty-two week high of $65.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.38. The company has a market capitalization of $8.66 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.02 and a beta of 1.32. The stock has a fifty day moving average of $59.74 and a 200-day moving average of $57.58.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SKX shares. Raymond James decreased their price target on Skechers U.S.A. from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, February 5th. Stifel Nicolaus decreased their price target on Skechers U.S.A. from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Bank of America began coverage on Skechers U.S.A. in a research report on Friday, March 8th. They issued a “neutral” rating and a $67.00 target price on the stock. Monness Crespi & Hardt lifted their target price on Skechers U.S.A. from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Evercore ISI decreased their target price on Skechers U.S.A. from $73.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.17.

Insider Transactions at Skechers U.S.A.

In other Skechers U.S.A. news, EVP Mark A. Nason sold 6,067 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $61.11, for a total value of $370,754.37. Following the completion of the transaction, the executive vice president now owns 14,023 shares in the company, valued at approximately $856,945.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark A. Nason sold 6,432 shares of Skechers U.S.A. stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $58.83, for a total transaction of $378,394.56. Following the completion of the sale, the executive vice president now owns 34,023 shares in the company, valued at approximately $2,001,573.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Nason sold 6,067 shares of Skechers U.S.A. stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $61.11, for a total value of $370,754.37. Following the sale, the executive vice president now owns 14,023 shares of the company’s stock, valued at approximately $856,945.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 254,875 shares of company stock worth $15,021,192. 24.79% of the stock is owned by company insiders.

Institutional Trading of Skechers U.S.A.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Skechers U.S.A. by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,626,633 shares of the textile maker’s stock valued at $787,144,000 after acquiring an additional 40,138 shares during the last quarter. State Street Corp raised its holdings in shares of Skechers U.S.A. by 3.4% during the 3rd quarter. State Street Corp now owns 4,778,584 shares of the textile maker’s stock valued at $151,577,000 after buying an additional 157,862 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Skechers U.S.A. by 6.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,784,301 shares of the textile maker’s stock valued at $99,065,000 after buying an additional 165,147 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Skechers U.S.A. by 4.8% during the 1st quarter. Capital Research Global Investors now owns 2,200,000 shares of the textile maker’s stock valued at $89,672,000 after buying an additional 100,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Skechers U.S.A. by 9.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,145,473 shares of the textile maker’s stock valued at $87,454,000 after buying an additional 181,445 shares in the last quarter. Institutional investors own 79.96% of the company’s stock.

Skechers U.S.A. Company Profile

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.