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The price of Skechers U S A, Inc. (NYSE: SKX) closed at $63.71 in the last session, down -0.48% from day before closing price of $64.02. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 3.54 million shares were traded. SKX stock price reached its highest trading level at $64.775 during the session, while it also had its lowest trading level at $63.03.
Ratios:
We take a closer look at SKX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.98. 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, 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 9716857856 and an Enterprise Value of 10761606144. As of this moment, Skechers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.77, and their Forward P/E ratio for the next fiscal year is 12.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. 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 2.34. Its current Enterprise Value per Revenue stands at 1.304 whereas that against EBITDA is 10.22.
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 -8.03%, while the 200-Day Moving Average is calculated to be 4.27%.
Shares Statistics:
According to the various share statistics, SKX traded on average about 1.88M shares per day over the past 3-months and 2396940 shares per day over the past 10 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 83.42% stake in the company. Shares short for SKX as of 1721001600 were 3107210 with a Short Ratio of 1.65, compared to 1718323200 on 3434323. Therefore, it implies a Short% of Shares Outstanding of 3107210 and a Short% of Float of 3.2099999999999995.
