NYSE:SKX - Skechers USA Stock Price, Price Target & More

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

Skechers USA's stock split on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly issued shares were payable 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.

Skechers USA declared that its board has approved a share repurchase program on Friday, February 9th 2018, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Skechers USA Inc (NYSE:SKX) issued its quarterly earnings data on Thursday, July, 19th. The textile maker reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.12. The textile maker earned $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Skechers USA had a net margin of 4.24% and a return on equity of 14.35%. The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. View Skechers USA's Earnings History.

Skechers USA is scheduled to release their next quarterly earnings announcement on Wednesday, October, 17th 2018. View Earnings Estimates for Skechers USA.

Skechers USA updated its third quarter earnings guidance on Thursday, July, 19th. The company provided earnings per share (EPS) guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $1.2-1.225 billion, compared to the consensus revenue estimate of $1.26 billion.

12 equities research analysts have issued 12-month target prices for Skechers USA's shares. Their forecasts range from $28.00 to $50.00. On average, they anticipate Skechers USA's stock price to reach $38.30 in the next twelve months. This suggests a possible upside of 45.8% from the stock's current price. View Analyst Ratings for Skechers USA.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers USA in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Skechers USA include Wolverine World Wide (WWW), Steven Madden (SHOO), Caleres (CAL), Rocky Brands (RCKY), Iconix Brand Group (ICON), Phoenix Footwear Group (PXFG) and Exceed (EDSFF).

Media stories about SKX stock have trended somewhat positive this week, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Skechers USA earned a news sentiment score of 0.06 on Accern's scale. They also assigned news coverage about the textile maker an impact score of 47.27 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Skechers USA's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.55%), Peregrine Capital Management LLC (0.52%), Scout Investments Inc. (0.17%), Swarthmore Group Inc. (0.17%), Thompson Investment Management Inc. (0.11%) and Bank of Montreal Can (0.06%). 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.

SKX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Scout Investments Inc., Municipal Employees Retirement System of Michigan and Rathbone Brothers plc. 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, Richard Siskind, Robert Greenberg and Thomas Walsh. View Insider Buying and Selling for Skechers USA.

SKX stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Thompson Investment Management Inc., Swarthmore Group Inc., Bank of Montreal Can, Denali Advisors LLC, Creative Planning, Xact Kapitalforvaltning AB and State of Alaska Department of Revenue. View Insider Buying and Selling for 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.

One share of SKX stock can currently be purchased for approximately $26.27.

Skechers USA has a market capitalization of $4.20 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.

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]