NYSE:SKX - Skechers USA Stock Price, News, & Analysis

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$28.39 -0.46 (-1.59 %)
(As of 11/13/2018 01:03 PM ET)
Previous Close$28.85
Today's Range$28.29 - $29.26
52-Week Range$23.80 - $43.08
Volume73,509 shs
Average Volume3.39 million shs
Market Capitalization$4.58 billion
P/E Ratio16.11
Dividend YieldN/A
Beta0.39
Skechers U.S.A., 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. It also provides lightweight sport athletic lifestyle products, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; casual and sport styles sneakers, and sandals under the Skechers Active and Skechers Sport Active brand; and sneakers under Skecher Street brand for millennials, Gen Y's, and young women. In addition, the company offers classic espadrille, and vulcanized and sport footwear under the BOBS from Skechers name; casual, dress, and active styles, as well as boots and accessories for men under the Mark Nason name; technical footwear under the Skechers Performance brand for men and women, as well as under the YOU by Skechers name for women; and boots, shoes, high-tops, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name. Further, it provides men's and women's casuals, such as field boots, hikers, and athletic shoes under the Skechers Work name. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and Internet retailers, as well as through its e-commerce Websites and own retail stores. As of March 1, 2018, it owned and operated 2,570 company-owned and third-party-owned retail stores. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Footwear, except rubber
Sub-IndustryFootwear
SectorConsumer Discretionary
Current SymbolNYSE:SKX
Previous Symbol
CUSIP83056610
Phone310-318-3100

Debt

Debt-to-Equity Ratio0.03
Current Ratio3.43
Quick Ratio2.29

Price-To-Earnings

Trailing P/E Ratio16.11
Forward P/E Ratio15.51
P/E Growth2.26

Sales & Book Value

Annual Sales$4.16 billion
Price / Sales1.08
Cash Flow$2.3560 per share
Price / Cash12.05
Book Value$12.46 per share
Price / Book2.28

Profitability

EPS (Most Recent Fiscal Year)$1.78
Net Income$179.19 million
Net Margins4.13%
Return on Equity13.81%
Return on Assets9.83%

Miscellaneous

Employees11,800
Outstanding Shares158,040,000
Market Cap$4.58 billion
OptionableOptionable

Skechers USA (NYSE:SKX) Frequently Asked Questions

What is Skechers USA's stock symbol?

Skechers USA trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKX."

When did Skechers USA's stock split? How did Skechers USA's stock split work?

Skechers USA shares split on the morning of Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly created shares were issued to shareholders after the closing bell on Thursday, October 15th 2015. An investor that had 100 shares of Skechers USA stock prior to the split would have 300 shares after the split.

How will Skechers USA's stock buyback program work?

Skechers USA announced that its Board of Directors has authorized a stock repurchase plan on Friday, February 9th 2018, which authorizes the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

How were Skechers USA's earnings last quarter?

Skechers USA Inc (NYSE:SKX) announced its quarterly earnings results on Thursday, October, 18th. The textile maker reported $0.58 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.07. The textile maker had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.22 billion. Skechers USA had a net margin of 4.13% and a return on equity of 13.81%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. View Skechers USA's Earnings History.

What guidance has Skechers USA issued on next quarter's earnings?

Skechers USA issued an update on its fourth quarter earnings guidance on Thursday, October, 18th. The company provided EPS guidance of $0.20-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $1.100-1.125 billion, compared to the consensus revenue estimate of $1.08 billion.Skechers USA also updated its Q4 2018 guidance to $0.20-0.25 EPS.

What price target have analysts set for SKX?

13 brokers have issued twelve-month price objectives for Skechers USA's shares. Their predictions range from $28.00 to $46.00. On average, they anticipate Skechers USA's share price to reach $33.30 in the next year. This suggests a possible upside of 16.4% from the stock's current price. View Analyst Price Targets for Skechers USA.

What is the consensus analysts' recommendation for Skechers USA?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers USA in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Skechers USA.

Has Skechers USA been receiving favorable news coverage?

Media stories about SKX stock have trended somewhat positive on Tuesday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Skechers USA earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned media stories about the textile maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of Skechers USA's key competitors?

Who are Skechers USA's key executives?

Skechers USA's management team includes the folowing people:
  • Mr. Robert Greenberg, Co-Founder, Chairman & CEO (Age 78)
  • Mr. Michael Greenberg, Co-Founder, Pres & Director (Age 55)
  • Mr. John M. Vandemore, Chief Financial Officer (Age 44)
  • Mr. David Weinberg, Exec. VP, COO & Director (Age 67)
  • Mr. Mark Nason, Exec. VP of Product Devel. (Age 56)

Who are Skechers USA's major shareholders?

Skechers USA's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (12.72%), BlackRock Inc. (7.28%), Bank of New York Mellon Corp (4.15%), Alliancebernstein L.P. (1.82%), Dimensional Fund Advisors LP (1.24%) and Prudential Financial Inc. (0.53%). Company insiders that own Skechers USA stock include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh. View Institutional Ownership Trends for Skechers USA.

Which institutional investors are selling Skechers USA stock?

SKX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Hodges Capital Management Inc., Prescott Group Capital Management L.L.C., Swarthmore Group Inc., First Trust Advisors LP, Wells Fargo & Company MN, Los Angeles Capital Management & Equity Research Inc. and FMR LLC. Company insiders that have sold Skechers USA company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Rappaport, Robert Greenberg and Thomas Walsh. View Insider Buying and Selling for Skechers USA.

Which institutional investors are buying Skechers USA stock?

SKX stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Alliancebernstein L.P., Rockefeller Capital Management L.P., AMS Capital Ltda, Engineers Gate Manager LP, Heartland Advisors Inc., Westpac Banking Corp and Russell Investments Group Ltd.. View Insider Buying and Selling for Skechers USA.

How do I buy shares of Skechers USA?

Shares of SKX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Skechers USA's stock price today?

One share of SKX stock can currently be purchased for approximately $28.60.

How big of a company is Skechers USA?

Skechers USA has a market capitalization of $4.58 billion and generates $4.16 billion in revenue each year. The textile maker earns $179.19 million in net income (profit) each year or $1.78 on an earnings per share basis. Skechers USA employs 11,800 workers across the globe.

What is Skechers USA's official website?

The official website for Skechers USA is http://www.skechers.com.

How can I contact Skechers USA?

Skechers USA's mailing address is 228 Manhattan Beach Boulevard, Manhattan Beach CA, 90266. The textile maker can be reached via phone at 310-318-3100 or via email at [email protected]


MarketBeat Community Rating for Skechers USA (NYSE SKX)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  652 (Vote Outperform)
Underperform Votes:  477 (Vote Underperform)
Total Votes:  1,129
MarketBeat's community ratings are surveys of what our community members think about Skechers USA and other stocks. Vote "Outperform" if you believe SKX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/13/2018 by MarketBeat.com Staff

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