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

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

Skechers USA shares split before market open on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly issued shares were distributed to shareholders after the market closes 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 announced that its Board of Directors has initiated a share repurchase program on Friday, February 9th 2018, which allows the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Skechers USA Inc (NYSE:SKX) released its earnings results on Tuesday, October, 22nd. The textile maker reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.69 by $0.02. The textile maker earned $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Skechers USA had a net margin of 6.73% and a return on equity of 14.85%. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. View Skechers USA's Earnings History.

Skechers USA is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Skechers USA.

Skechers USA updated its fourth quarter earnings guidance on Tuesday, October, 22nd. The company provided earnings per share (EPS) guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39. The company issued revenue guidance of $1.225-1.250 billion, compared to the consensus revenue estimate of $1.22 billion.

14 analysts have issued 1 year price objectives for Skechers USA's stock. Their forecasts range from $34.00 to $50.00. On average, they anticipate Skechers USA's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price. View Analyst Price Targets for Skechers USA.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers USA in the last year. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Skechers USA.

Media stories about SKX stock have been trending somewhat positive on Monday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Skechers USA earned a media sentiment score of 1.7 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 effect on the stock's share price in the next several days. View News Stories for Skechers USA.

Some companies that are related to Skechers USA include Nike (NKE), Deckers Outdoor (DECK), Steven Madden (SHOO), Crocs (CROX) and Wolverine World Wide (WWW).

Based on aggregate information from My MarketBeat watchlists, some companies that other Skechers USA investors own include Celgene (CELG), Akorn (AKRX), Integrated Device Technology (IDTI), Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), Lannett (LCI), Gilead Sciences (GILD), Starbucks (SBUX) and Micron Technology (MU).

Skechers USA's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.20%), Palmer Knight Co (0.08%), State of Alaska Department of Revenue (0.02%), Cerebellum GP LLC (0.01%), First Hawaiian Bank (0.00%) and Nkcfo LLC (0.00%). Company insiders that own Skechers USA stock include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, 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 State of Alaska Department of Revenue and Palmer Knight Co. Company insiders that have sold Skechers USA company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh. View Insider Buying and Selling for Skechers USA.

SKX stock was acquired by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Cerebellum GP LLC, First Hawaiian Bank and Nkcfo LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of SKX stock can currently be purchased for approximately $41.90.

Skechers USA has a market capitalization of $6.57 billion and generates $4.64 billion in revenue each year. The textile maker earns $301.04 million in net income (profit) each year or $1.92 on an earnings per share basis. Skechers USA employs 12,600 workers across the globe.View Additional Information About Skechers USA.

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

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]