Skechers USA (SKX) Receives Media Impact Rating of 0.20
Headlines about Skechers USA (NYSE:SKX) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Skechers USA earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 45.4497285368915 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Hot Tickers: Live Nation Entertainment, Inc. (LYV), Skechers USA, Inc. (SKX) – Market Movers (financialqz.com)
- Scott+Scott, Attorneys at Law, LLP Reminds Investors of Upcoming Lead Plaintiff Deadline in Securities Class Action Against Skechers U.S.A., Inc. (SKX) (finance.yahoo.com)
- SKX NOTICE: Rosen Law Firm Reminds Skechers USA, Inc. Investors of Important Deadline in Class Action – SKX – GuruFocus.com (gurufocus.com)
- Is Skechers Still Worth Buying? – Seeking Alpha (seekingalpha.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Skechers U.S.A., Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 22, 2017 – SKX (finance.yahoo.com)
A number of research firms have recently issued reports on SKX. Susquehanna Bancshares reissued a “buy” rating and issued a $46.00 price target on shares of Skechers USA in a research note on Monday. Monness Crespi & Hardt boosted their price target on shares of Skechers USA from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Vetr raised shares of Skechers USA from a “hold” rating to a “buy” rating and set a $37.55 price target on the stock in a research note on Tuesday, November 28th. Cowen reissued a “buy” rating and issued a $38.00 price target on shares of Skechers USA in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Skechers USA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research note on Monday, October 23rd. Two equities 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $36.46.
Shares of Skechers USA (SKX) traded up $0.50 on Wednesday, reaching $34.89. 1,473,873 shares of the company traded hands, compared to its average volume of 2,804,911. Skechers USA has a 1 year low of $22.31 and a 1 year high of $36.43. The stock has a market cap of $5,520.00, a P/E ratio of 21.85, a P/E/G ratio of 1.47 and a beta of 0.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 3.46.
Skechers USA (NYSE:SKX) last announced its earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.16. Skechers USA had a net margin of 6.38% and a return on equity of 13.70%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. research analysts predict that Skechers USA will post 1.71 earnings per share for the current year.
In related news, Director Richard Siskind sold 25,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $33.40, for a total transaction of $851,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Greenberg sold 180,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $31.72, for a total transaction of $5,709,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 461,250 shares of company stock worth $14,955,008. 38.20% of the stock is owned by insiders.
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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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