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.'s stock split before market open on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly created shares were payable to shareholders after the market closes 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) released its quarterly earnings data on Thursday, July, 20th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.06. The firm earned $1.03 billion during the quarter, compared to the consensus estimate of $966.46 million. Skechers U.S.A. had a return on equity of 12.79% and a net margin of 5.92%. The business's revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business earned $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 (EPS) 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 brokers have issued 12 month price objectives for Skechers U.S.A.'s stock. Their forecasts range from $25.00 to $37.00. On average, they expect Skechers U.S.A.'s share 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, "Skechers has underperformed the industry in the past one year. The dismal stock performance can be attributed to third straight quarter of earnings miss, when it posted fourth-quarter 2016 results. The results were mainly affected by foreign currency translation that hurt gross margins, led to a rise in pre-tax expenses and weighed on the wholesale business in the U.K. The bottom line was also impacted by higher effective tax rate. Even an increase in net sales failed to act as a savior. We noted that the rate of sales growth in the fourth, third and second quarters have diminished significantly from the first quarter. The company’s domestic wholesale business remained a drag in the quarter. Nevertheless, Skechers remains optimistic about its top line performance in first-quarter 2017 and is also laying more emphasis on new line of products, cost containment efforts, inventory management and global distribution platform." (4/12/2017)
• 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 Under Armour (UAA), lululemon athletica inc. (LULU), Snap-On Incorporated (SNA), Hanesbrands (HBI), News Corporation (NWS), Vail Resorts (MTN), Take-Two Interactive Software (TTWO), Toro Company (The) (TTC), Live Nation Entertainment (LYV), Mattel (MAT), UbiSoft Entertainment (UBSFY), Leggett & Platt, Incorporated (LEG), Hyatt Hotels Corporation (H), Pearson, PLC (PSO), Gildan Activewear (GIL), Liberty Media Corporation (FWONA), Man Wah Holdings Ltd (MAWHY) and China Lodging Group, Limited (HTHT).

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 a number of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.24%), Harvey Capital Management Inc. (0.14%), Bank of Montreal Can (0.09%), State Treasurer State of Michigan (0.03%), Oregon Public Employees Retirement Fund (0.03%) and Capital Impact Advisors LLC (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 Capital Impact Advisors LLC, Oakbrook Investments LLC, Aperio Group LLC and Capstone Asset Management Co.. 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 $29.39.