Skechers U.S.A., Inc. (NYSE:SKX - Get Free Report) General Counsel Phillip Paccione sold 10,994 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $56.63, for a total transaction of $622,590.22. Following the completion of the sale, the general counsel now owns 15,000 shares of the company's stock, valued at $849,450. This trade represents a 42.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Skechers U.S.A. Stock Performance
NYSE:SKX traded up $0.04 during mid-day trading on Friday, reaching $59.06. The company's stock had a trading volume of 3,942,882 shares, compared to its average volume of 1,977,207. The stock has a market cap of $8.92 billion, a P/E ratio of 14.23, a PEG ratio of 1.11 and a beta of 1.21. The firm's fifty day moving average price is $68.01 and its two-hundred day moving average price is $66.37. Skechers U.S.A., Inc. has a 12-month low of $55.67 and a 12-month high of $78.85. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01.
Skechers U.S.A. (NYSE:SKX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.08). Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.73%. On average, equities analysts forecast that Skechers U.S.A., Inc. will post 4.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Skechers U.S.A.
A number of institutional investors and hedge funds have recently modified their holdings of SKX. Pacer Advisors Inc. grew its stake in shares of Skechers U.S.A. by 5,780.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,639,390 shares of the textile maker's stock valued at $176,628,000 after purchasing an additional 2,594,507 shares during the period. Norges Bank purchased a new stake in Skechers U.S.A. during the fourth quarter valued at approximately $105,741,000. Duquesne Family Office LLC purchased a new stake in Skechers U.S.A. during the fourth quarter valued at approximately $72,272,000. Two Sigma Investments LP increased its holdings in Skechers U.S.A. by 772.7% during the fourth quarter. Two Sigma Investments LP now owns 1,176,488 shares of the textile maker's stock valued at $79,107,000 after buying an additional 1,041,677 shares during the last quarter. Finally, Anomaly Capital Management LP raised its holdings in Skechers U.S.A. by 51.2% in the 4th quarter. Anomaly Capital Management LP now owns 2,989,015 shares of the textile maker's stock worth $200,981,000 after purchasing an additional 1,011,815 shares during the period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Piper Sandler assumed coverage on Skechers U.S.A. in a report on Tuesday, December 10th. They issued a "neutral" rating and a $65.00 price objective for the company. Barclays reduced their target price on shares of Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. UBS Group reduced their target price on shares of Skechers U.S.A. from $92.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Raymond James decreased their target price on shares of Skechers U.S.A. from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, TD Cowen raised their target price on shares of Skechers U.S.A. from $88.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.
Check Out Our Latest Stock Analysis on Skechers U.S.A.
Skechers U.S.A. Company Profile
(
Get Free Report)
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.
Read More

Before you consider Skechers U.S.A., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skechers U.S.A. wasn't on the list.
While Skechers U.S.A. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.