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Skechers U S A, Inc. (NYSE: SKX) closed the day trading at $65.13 down -1.79% from the previous closing price of $66.32. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 1.13 million shares were traded. SKX stock price reached its highest trading level at $65.87 during the session, while it also had its lowest trading level at $64.69.
Ratios:
For a better understanding of SKX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 2.06. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.28.
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, Morgan Stanley on July 23, 2024, Upgraded its rating to Overweight and sets its target price to $80 from $60 previously.
On June 07, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $71 to $87.
On April 01, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $71.Barclays initiated its Overweight rating on April 01, 2024, with a $71 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 27 ’24 when GREENBERG MICHAEL sold 422,000 shares for $69.88 per share. The transaction valued at 29,488,938 led to the insider holds 170,160 shares of the business.
THE MICHAEL GREENBERG TRUST bought 422,000 shares of SKX for $29,482,985 on Aug 27 ’24. On Jun 07 ’24, another insider, Garcia Zulema, who serves as the Director of the company, sold 1,100 shares for $72.80 each. As a result, the insider received 80,080 and left with 12,900 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 10103421952 and an Enterprise Value of 10667672576. As of this moment, Skechers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.45, and their Forward P/E ratio for the next fiscal year is 12.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 1.271 whereas that against EBITDA is 10.177.
Stock Price History:
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 -0.48%, while the 200-Day Moving Average is calculated to be 1.33%.
Shares Statistics:
Over the past 3-months, SKX traded about 2.04M shares per day on average, while over the past 10 days, SKX traded about 2587590 shares per day. A total of 132.84M shares are outstanding, with a floating share count of 131.44M. Insiders hold about 13.72% of the company’s shares, while institutions hold 79.63% stake in the company. Shares short for SKX as of 1726185600 were 5317561 with a Short Ratio of 2.60, compared to 1723680000 on 4494947. Therefore, it implies a Short% of Shares Outstanding of 5317561 and a Short% of Float of 5.4899998.
