Skechers U.S.A. (SKX) Expected to Announce Earnings on Thursday

Skechers U.S.A. (NYSE:SKX - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Skechers U.S.A. to post earnings of $0.73 per share and revenue of $2.22 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Skechers U.S.A. Trading Up 1.7 %

NYSE SKX traded up $1.29 on Thursday, reaching $78.02. The company had a trading volume of 551,413 shares, compared to its average volume of 1,652,709. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. Skechers U.S.A. has a 52 week low of $55.67 and a 52 week high of $78.32. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 0.90 and a beta of 1.19. The stock's 50 day moving average is $69.03 and its 200-day moving average is $66.06.

Insider Buying and Selling

In other news, COO David Weinberg sold 8,219 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 $554,618.12. Following the transaction, the chief operating officer now directly owns 122,211 shares of the company's stock, valued at $8,246,798.28. This represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Greenberg sold 10,274 shares of the company's stock in a transaction dated 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 owns 149,327 shares in the company, valued at approximately $10,076,585.96. This trade represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. 24.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SKX. Needham & Company LLC restated a "hold" rating on shares of Skechers U.S.A. in a report on Wednesday. Morgan Stanley upped their price objective on shares of Skechers U.S.A. from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Skechers U.S.A. from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Bank of America dropped their price target on Skechers U.S.A. from $81.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com raised Skechers U.S.A. from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.18.

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.