Skechers USA Inc (NYSE:SKX) Director Jeffrey Greenberg sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $39.77, for a total transaction of $1,590,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jeffrey Greenberg also recently made the following trade(s):

  • On Monday, November 18th, Jeffrey Greenberg sold 16,152 shares of Skechers USA stock. The shares were sold at an average price of $41.00, for a total transaction of $662,232.00.
  • On Tuesday, November 5th, Jeffrey Greenberg sold 30,000 shares of Skechers USA stock. The shares were sold at an average price of $39.00, for a total value of $1,170,000.00.
  • On Friday, November 1st, Jeffrey Greenberg sold 90,000 shares of Skechers USA stock. The stock was sold at an average price of $37.44, for a total value of $3,369,600.00.
  • On Tuesday, October 1st, Jeffrey Greenberg sold 90,000 shares of Skechers USA stock. The stock was sold at an average price of $37.05, for a total value of $3,334,500.00.
  • On Wednesday, September 18th, Jeffrey Greenberg sold 100,000 shares of Skechers USA stock. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00.
  • On Friday, September 13th, Jeffrey Greenberg sold 30,000 shares of Skechers USA stock. The shares were sold at an average price of $37.00, for a total value of $1,110,000.00.
  • On Monday, September 9th, Jeffrey Greenberg sold 60,000 shares of Skechers USA stock. The shares were sold at an average price of $35.00, for a total value of $2,100,000.00.

Skechers USA stock traded down $0.92 during mid-day trading on Tuesday, reaching $38.75. 40,096 shares of the company were exchanged, compared to its average volume of 1,007,425. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 2.37. The firm has a market cap of $6.30 billion, a P/E ratio of 20.16, a PEG ratio of 1.19 and a beta of 0.79. The business has a fifty day moving average of $38.88 and a 200 day moving average of $34.50. Skechers USA Inc has a 12-month low of $21.45 and a 12-month high of $41.31.

Skechers USA (NYSE:SKX) last announced its quarterly earnings results on Tuesday, October 22nd. The textile maker reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.02). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Skechers USA had a net margin of 6.73% and a return on equity of 14.85%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Sell-side analysts predict that Skechers USA Inc will post 2.25 EPS for the current year.

SKX has been the topic of a number of recent research reports. Wedbush set a $46.00 price target on Skechers USA and gave the stock a “buy” rating in a research report on Monday, September 23rd. Zacks Investment Research raised their price target on Skechers USA to $42.50 in a research note on Tuesday, October 15th. ValuEngine downgraded Skechers USA from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley upped their price objective on shares of Skechers USA from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.72.

A number of hedge funds have recently modified their holdings of the stock. Coronation Fund Managers Ltd. increased its position in shares of Skechers USA by 3.4% during the second quarter. Coronation Fund Managers Ltd. now owns 200,274 shares of the textile maker’s stock worth $6,307,000 after purchasing an additional 6,656 shares in the last quarter. Sciencast Management LP acquired a new position in Skechers USA during the 2nd quarter valued at about $338,000. 1492 Capital Management LLC purchased a new stake in Skechers USA in the third quarter valued at about $597,000. Tiverton Asset Management LLC raised its stake in Skechers USA by 102.7% in the second quarter. Tiverton Asset Management LLC now owns 99,200 shares of the textile maker’s stock valued at $3,124,000 after buying an additional 50,254 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in Skechers USA by 29.0% in the second quarter. Trexquant Investment LP now owns 72,763 shares of the textile maker’s stock valued at $2,291,000 after buying an additional 16,342 shares during the last quarter. 75.95% of the stock is currently owned by institutional investors.

Skechers USA Company Profile

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.

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Insider Buying and Selling by Quarter for Skechers USA (NYSE:SKX)

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