Skechers U.S.A. (NYSE:SKX) Posts Earnings Results, Misses Expectations By $0.08 EPS

Skechers U.S.A. (NYSE:SKX - Get Free Report) posted its quarterly earnings results on Thursday. The textile maker reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.08), Zacks reports. Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.81%. Skechers U.S.A. updated its FY 2025 guidance to 4.300-4.500 EPS and its Q1 2025 guidance to 1.100-1.150 EPS.

Skechers U.S.A. Stock Down 1.4 %

SKX traded down $0.95 during trading on Monday, reaching $65.09. The company had a trading volume of 6,089,443 shares, compared to its average volume of 2,440,509. The business's fifty day moving average price is $70.55 and its 200 day moving average price is $66.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.96 and a quick ratio of 1.25. Skechers U.S.A. has a 12 month low of $55.67 and a 12 month high of $78.85. The company has a market cap of $9.83 billion, a P/E ratio of 15.68, a PEG ratio of 0.95 and a beta of 1.19.

Insider Buying and Selling

In other news, President Michael Greenberg sold 10,274 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $693,289.52. Following the completion of the transaction, the president now directly owns 149,327 shares of the company's stock, valued at $10,076,585.96. This trade represents a 6.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Weinberg sold 8,219 shares of Skechers U.S.A. stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $554,618.12. Following the completion of the sale, the chief operating officer now owns 122,211 shares in the company, valued at $8,246,798.28. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler initiated coverage on shares of Skechers U.S.A. in a research note on Tuesday, December 10th. They set a "neutral" rating and a $65.00 price target for the company. Evercore ISI upped their target price on shares of Skechers U.S.A. from $72.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. TD Cowen raised their price target on Skechers U.S.A. from $88.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Skechers U.S.A. from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Needham & Company LLC restated a "hold" rating on shares of Skechers U.S.A. in a report on Friday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $81.25.

About Skechers U.S.A.

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.