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

Skechers U.S.A. (NYSE:SKX) released its earnings results on Thursday. The textile maker reported $0.65 EPS 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 %

Shares of SKX stock traded up $1.28 on Thursday, hitting $75.69. 4,414,390 shares of the stock traded hands, compared to its average volume of 1,903,060. The firm’s 50-day moving average price is $70.27 and its two-hundred day moving average price is $66.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.25 and a current ratio of 1.96. The stock has a market capitalization of $11.43 billion, a PE ratio of 18.64, a PEG ratio of 0.92 and a beta of 1.19. Skechers U.S.A. has a twelve month low of $55.67 and a twelve month high of $78.85.

Analysts Set New Price Targets

SKX has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of Skechers U.S.A. in a research note on Wednesday, January 29th. Bank of America decreased 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. StockNews.com raised shares of Skechers U.S.A. from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays lifted their target price on shares of Skechers U.S.A. from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their target price on shares of Skechers U.S.A. from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.60.

Insider Activity

In other Skechers U.S.A. news, 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 value of $693,289.52. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO David Weinberg sold 8,219 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 $554,618.12. Following the completion of the transaction, the chief operating officer now directly owns 122,211 shares in the company, valued at $8,246,798.28. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.75% of the company’s stock.

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.