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In the latest session, Skechers U S A, Inc. (NYSE: SKX) closed at $67.11 down -0.62% from its previous closing price of $67.53. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 1.74 million shares were traded. SKX stock price reached its highest trading level at $67.595 during the session, while it also had its lowest trading level at $66.61.
Ratios:
For a deeper understanding of Skechers U S A, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on June 07, 2024, Upgraded its rating to Buy and sets its target price to $87 from $71 previously.
On April 01, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $71.
On March 08, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $67.BofA Securities initiated its Neutral rating on March 08, 2024, with a $67 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 07 ’24 when Garcia Zulema sold 1,100 shares for $72.80 per share. The transaction valued at 80,080 led to the insider holds 12,900 shares of the business.
PACCIONE PHILLIP sold 423 shares of SKX for $29,379 on Jun 04 ’24. The General Counsel & Secretary now owns 35,000 shares after completing the transaction at $69.45 per share. On May 16 ’24, another insider, BLAIR KATHERINE J., who serves as the Director of the company, sold 3,500 shares for $68.78 each. As a result, the insider received 240,713 and left with 11,900 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKX now has a Market Capitalization of 10299439104 and an Enterprise Value of 11280162816. As of this moment, Skechers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.67, and their Forward P/E ratio for the next fiscal year is 13.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 1.367 whereas that against EBITDA is 10.712.
Stock Price History:
The Beta on a monthly basis for SKX is 1.26, which has changed by 0.27731252 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, SKX has reached a high of $75.09, while it has fallen to a 52-week low of $45.58. The 50-Day Moving Average of the stock is -2.16%, while the 200-Day Moving Average is calculated to be 12.52%.
Shares Statistics:
For the past three months, SKX has traded an average of 1.83M shares per day and 2395210 over the past ten days. A total of 132.84M shares are outstanding, with a floating share count of 131.29M. Insiders hold about 13.95% of the company’s shares, while institutions hold 80.86% stake in the company. Shares short for SKX as of 1718323200 were 3434323 with a Short Ratio of 1.87, compared to 1715731200 on 2776210. Therefore, it implies a Short% of Shares Outstanding of 3434323 and a Short% of Float of 3.55.
