Skechers U.S.A. (NYSE:SKX) Updates Q1 2025 Earnings Guidance

Skechers U.S.A. (NYSE:SKX - Get Free Report) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.100-1.150 for the period, compared to the consensus earnings per share estimate of 1.560. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.5 billion. Skechers U.S.A. also updated its FY 2025 guidance to 4.300-4.500 EPS.

Skechers U.S.A. Stock Down 1.4 %

Shares of Skechers U.S.A. stock traded down $0.95 during trading hours on Monday, reaching $65.09. 6,089,443 shares of the company's stock were exchanged, compared to its average volume of 2,440,509. The stock has a market cap of $9.83 billion, a P/E ratio of 15.68, a P/E/G ratio of 0.95 and a beta of 1.19. The company has a 50 day moving average of $70.55 and a two-hundred day moving average of $66.50. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01. Skechers U.S.A. has a fifty-two week low of $55.67 and a fifty-two week high of $78.85.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its quarterly earnings results 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 13.81%. On average, sell-side analysts forecast that Skechers U.S.A. will post 4.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SKX shares. Barclays reduced their price target on Skechers U.S.A. from $80.00 to $77.00 and set an "overweight" rating for the company in a report on Monday. Morgan Stanley raised their price objective on shares of Skechers U.S.A. from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on Skechers U.S.A. from $72.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Stifel Nicolaus reduced their target price on shares of Skechers U.S.A. from $83.00 to $80.00 and set a "buy" rating for the company in a research report on Friday. Finally, Bank of America dropped their price objective on shares of Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, October 25th. 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.25.

Insiders Place Their Bets

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

Skechers U.S.A. Company Profile

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.