Headlines about Skechers USA (NYSE:SKX) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Skechers USA earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 45.5625678362414 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Barco Uniforms Raises The Bar On Fashionable, High Performance S – KAIT Jonesboro, AR – Region 8 News, weather, sports (kait8.com)
- Barco Uniforms Raises The Bar On Fashionable, High Performance Scrubs With Its New Skechers by Barco Collection (finance.yahoo.com)
- Skechers USA (SKX) Lifted to Strong-Buy at Vetr (americanbankingnews.com)
- Skechers USA (SKX) Stock Rating Lowered by Vetr (americanbankingnews.com)
- Skechers USA (SKX) Upgraded to Buy by Vetr (americanbankingnews.com)
Several research analysts have weighed in on SKX shares. Cowen restated a “buy” rating and issued a $35.00 price target on shares of Skechers USA in a research note on Friday, October 27th. B. Riley set a $37.00 target price on Skechers USA and gave the company a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research downgraded Skechers USA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Morgan Stanley increased their target price on Skechers USA from $28.50 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Finally, Vetr downgraded Skechers USA from a “strong-buy” rating to a “hold” rating and set a $33.73 target price for the company. in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Skechers USA has an average rating of “Buy” and an average price target of $37.21.
Skechers USA (NYSE SKX) traded down $0.68 during mid-day trading on Tuesday, reaching $37.84. The company’s stock had a trading volume of 920,200 shares, compared to its average volume of 2,726,020. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 3.46. Skechers USA has a twelve month low of $22.31 and a twelve month high of $38.92. The stock has a market capitalization of $5,996.50, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.15.
Skechers USA (NYSE:SKX) last released its earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Skechers USA had a return on equity of 13.70% and a net margin of 6.38%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. equities research analysts forecast that Skechers USA will post 1.7 earnings per share for the current fiscal year.
In other Skechers USA news, Director Jeffrey Greenberg sold 180,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $31.72, for a total value of $5,709,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Siskind sold 25,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $33.40, for a total value of $851,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 962,250 shares of company stock worth $33,823,248. Insiders own 38.20% of the company’s stock.
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About Skechers USA
Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.
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