Skechers U.S.A. (NYSE:SKX – Get Free Report) issued its quarterly earnings data on Thursday. The textile maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23, Briefing.com reports. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Skechers U.S.A. had a net margin of 6.82% and a return on equity of 12.89%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share.
Skechers U.S.A. Stock Up 11.2 %
Shares of NYSE SKX traded up $6.59 during mid-day trading on Friday, reaching $65.41. The company had a trading volume of 7,697,129 shares, compared to its average volume of 1,709,124. The stock’s 50 day moving average is $59.61 and its 200-day moving average is $57.92. Skechers U.S.A. has a twelve month low of $45.58 and a twelve month high of $69.07. The stock has a market capitalization of $10.03 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.38.
Insider Activity at Skechers U.S.A.
In other Skechers U.S.A. news, CEO Robert Greenberg sold 99,139 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $57.87, for a total transaction of $5,737,173.93. Following the transaction, the chief executive officer now directly owns 196,050 shares of the company’s stock, valued at $11,345,413.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert Greenberg sold 99,139 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $5,737,173.93. Following the transaction, the chief executive officer now owns 196,050 shares of the company’s stock, valued at approximately $11,345,413.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO David Weinberg sold 67,390 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total value of $3,899,859.30. Following the completion of the sale, the chief operating officer now owns 141,405 shares of the company’s stock, valued at $8,183,107.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 254,875 shares of company stock valued at $15,021,192. 24.75% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Report on SKX
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.
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