Skechers U.S.A. Company Profile (NYSE:SKX)

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

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

Skechers U.S.A., Inc. (NYSE:SKX) posted its earnings results on Thursday, July, 20th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.06. The business earned $1.03 billion during the quarter, compared to analysts' expectations of $966.46 million. Skechers U.S.A. had a return on equity of 12.79% and a net margin of 5.92%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. View Skechers U.S.A.'s Earnings History.

Skechers U.S.A. is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Skechers U.S.A..

Skechers U.S.A. issued an update on its third quarter earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $0.42-0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.56. The company issued revenue guidance of $1.050-1.075 billion, compared to the consensus revenue estimate of $1.06 billion.

13 brokerages have issued 1-year price objectives for Skechers U.S.A.'s stock. Their predictions range from $25.00 to $37.00. On average, they anticipate Skechers U.S.A.'s stock price to reach $31.00 in the next twelve months. View Analyst Ratings for Skechers U.S.A..

Here are some recent quotes from research analysts about Skechers U.S.A. stock:

• 1. According to Zacks Investment Research, "After posting earnings beat in first-quarter 2017, Skechers succumbed to a negative earnings surprise in the second quarter. Although the company's top line improved, it failed to act as a savior for the bottom line that fell 20.8% due to increased operating expenses and higher effective tax rate. Investors remain apprehensive about Skechers’ bottom line that has been declining for five straight quarters and also missed the Zacks Consensus Estimate four times in the said period. Further, soft third quarter earnings projection also raises concern. On the contrary, net sales beat the consensus mark for the third quarter in row and management also provided an encouraging outlook for the same. We believe greater emphasis on new line of products, cost containment efforts, inventory management and global distribution platform may help lift the stock’s performance that has underperformed the industry in the past one month." (7/27/2017)
• 2. Cowen and Company analysts commented, "We are upgrading SKX to Outperform and raising our price target to $35 from $26, as international wholesale growth should produce margin expansion and acceleration in EPS and free cash flow growth. Valuation looks attractive given above sector-avg. sales and EPS CAGRs through 2019, improving ROIC, and potential for ~ $1B in cash on the balance sheet." (3/24/2017)
• 3. Argus analysts commented, "We are concerned about the sharp slowdown in Skechers' domestic revenue in 2016. In addition, we expect the company to be hurt by above-average inventories of athletic footwear and by increased price competition from Under Armour, Nike, and other specialty retailers," analyst John Staszak wrote in a note.In addition, the footwear company is "facing continued, though diminishing, currency headwinds on the more than 40 percent of its sales that come from overseas." (8/1/2016)

Some companies that are related to Skechers U.S.A. include Snap-On Incorporated (SNA), Under Armour (UAA), Hanesbrands (HBI), Vail Resorts (MTN), News Corporation (NWS), Take-Two Interactive Software (TTWO), lululemon athletica inc. (LULU), Toro Company (The) (TTC), Live Nation Entertainment (LYV), UbiSoft Entertainment (UBSFY), Mattel (MAT), Gildan Activewear (GIL), Pearson, PLC (PSO), Leggett & Platt, Incorporated (LEG), Hyatt Hotels Corporation (H), Liberty Media Corporation (FWONA), China Lodging Group, Limited (HTHT) and Man Wah Holdings Ltd (MAWHY).

Skechers U.S.A.'s management team includes the folowing people:

• Robert Y. Greenberg, Chairman of the Board, Chief Executive Officer
• Michael Greenberg, President, Director
• David Weinberg, Chief Financial Officer, Chief Operating Officer, Executive Vice President, Director
• Philip G. Paccione, Executive Vice President - Business Affairs, General Counsel, Corporate Secretary
• Mark A. Nason, Executive Vice President - Product Development
• Jeffrey Greenberg, Senior Vice President - Active Electronic Media, Director
• Morton D. Erlich, Lead Independent Director
• Geyer Kosinski, Independent Director
• Richard A. Rappaport, Independent Director
• Richard Lee Siskind, Independent Director

Skechers U.S.A.'s stock is owned by many different of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (0.24%), Harvey Capital Management Inc. (0.14%), Bank of Montreal Can (0.09%), Great West Life Assurance Co. Can (0.05%), State Treasurer State of Michigan (0.03%) and Municipal Employees Retirement System of Michigan (0.03%). Company insiders that own Skechers U.S.A. stock include David Weinberg, Frank Peter Muller, Jeffrey Greenberg, John O'connell, Mark A Nason, Michael Greenberg, Phillip Paccione, Richard Rappaport, Robert Greenberg and Thomas Walsh. View Institutional Ownership Trends for Skechers U.S.A..

Skechers U.S.A.'s stock was sold by a variety of institutional investors in the last quarter, including Janney Montgomery Scott LLC, Capital Impact Advisors LLC, Municipal Employees Retirement System of Michigan, Oakbrook Investments LLC, Aperio Group LLC, Capstone Asset Management Co. and Public Employees Retirement Association of Colorado. Company insiders that have sold Skechers U.S.A. stock in the last year include David Weinberg, Mark A Nason, Michael Greenberg, Phillip Paccione, Richard Rappaport and Thomas Walsh. View Insider Buying and Selling for Skechers U.S.A..

Skechers U.S.A.'s stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, ING Groep NV, Exane Derivatives, Oregon Public Employees Retirement Fund, LS Investment Advisors LLC, Louisiana State Employees Retirement System and Cornerstone Financial Partners LLC. Company insiders that have bought Skechers U.S.A. stock in the last two years include Frank Peter Muller, John O'connell and Robert Greenberg. View Insider Buying and Selling for Skechers U.S.A..

Shares of Skechers U.S.A. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Skechers U.S.A. stock can currently be purchased for approximately $28.17.