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

Skechers U.S.A. (NYSE:SKX) issued its earnings results on Thursday. The textile maker reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.08), Zacks reports. Skechers U.S.A. had a return on equity of 13.71% and a net margin of 7.19%. Skechers U.S.A. updated its FY 2025 guidance to 4.300-4.500 EPS.

Skechers U.S.A. Trading Up 1.7 %

SKX stock traded up $1.28 during trading on Thursday, hitting $75.69. The company had a trading volume of 4,414,390 shares, compared to its average volume of 1,903,060. The firm has a market capitalization of $11.43 billion, a P/E ratio of 18.64, a PEG ratio of 0.92 and a beta of 1.19. Skechers U.S.A. has a 52-week low of $55.67 and a 52-week high of $78.85. The company has a 50 day simple moving average of $70.27 and a 200-day simple moving average of $66.39. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

SKX has been the subject of several research reports. Bank of America lowered 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 report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Skechers U.S.A. from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Piper Sandler initiated coverage on shares of Skechers U.S.A. in a research report on Tuesday, December 10th. They set a “neutral” rating and a $65.00 price objective for the company. StockNews.com upgraded shares of Skechers U.S.A. from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price objective on shares of Skechers U.S.A. from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Skechers U.S.A. has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Insider Buying and Selling

In other Skechers U.S.A. news, COO David Weinberg sold 8,219 shares of the firm’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 $554,618.12. Following the transaction, the chief operating officer now owns 122,211 shares of the company’s stock, valued at approximately $8,246,798.28. This trade represents a 6.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Greenberg sold 10,274 shares of the firm’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 sale, the president now owns 149,327 shares in the company, 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. 24.75% of the stock is currently owned by insiders.

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.