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

Skechers U.S.A. (NYSE:SKX - Get Free Report) is set to post its quarterly earnings results 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last issued its earnings results on Thursday, February 1st. The textile maker reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.03 billion. Skechers U.S.A. had a return on equity of 12.89% and a net margin of 6.82%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. 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. Trading Up 0.6 %

Shares of SKX stock traded up $0.34 on Thursday, hitting $56.86. 1,203,543 shares of the stock traded hands, compared to its average volume of 1,577,006. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.38. Skechers U.S.A. has a twelve month low of $45.58 and a twelve month high of $65.17. The firm's 50-day moving average price is $59.74 and its two-hundred day moving average price is $57.58. The stock has a market capitalization of $8.72 billion, a PE ratio of 16.19, a PEG ratio of 1.04 and a beta of 1.32.

Insider Buying and Selling at Skechers U.S.A.

In other news, EVP Mark A. Nason sold 6,067 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were 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 of the company's stock, valued at $856,945.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Robert Greenberg sold 99,139 shares of the business's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $5,737,173.93. Following the completion of the transaction, the chief executive officer now directly owns 196,050 shares of the company's stock, valued at approximately $11,345,413.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark A. Nason sold 6,067 shares of the 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 completion of the sale, the executive vice president now directly owns 14,023 shares in the company, valued at approximately $856,945.53. The disclosure for this sale can be found here. Insiders sold a total of 254,875 shares of company stock valued at $15,021,192 in the last three months. 24.79% of the stock is owned by corporate insiders.

Institutional Trading of Skechers U.S.A.

A number of large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Skechers U.S.A. by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 235,741 shares of the textile maker's stock worth $14,697,000 after acquiring an additional 1,253 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Skechers U.S.A. by 0.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 65,965 shares of the textile maker's stock worth $4,112,000 after purchasing an additional 459 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Skechers U.S.A. during the 4th quarter worth $452,000. Legal & General Group Plc grew its stake in shares of Skechers U.S.A. by 0.5% during the fourth quarter. Legal & General Group Plc now owns 320,043 shares of the textile maker's stock worth $19,951,000 after purchasing an additional 1,733 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Skechers U.S.A. by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,626,633 shares of the textile maker's stock valued at $787,144,000 after buying an additional 40,138 shares during the last quarter. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wedbush decreased their target price on shares of Skechers U.S.A. from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus cut their target price on Skechers U.S.A. from $72.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, February 2nd. Raymond James reduced their target price 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. Monness Crespi & Hardt increased their price target on Skechers U.S.A. from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Finally, Barclays assumed coverage on Skechers U.S.A. in a research report on Monday, April 1st. They set an "overweight" rating and a $71.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.17.

About Skechers U.S.A.

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.