Skechers U.S.A. (NYSE:SKX) Updates FY 2025 Earnings Guidance

Skechers U.S.A. (NYSE:SKX) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.300-4.500 for the period, compared to the consensus estimate of 4.250. The company issued revenue guidance of $9.7 billion-$9.8 billion, compared to the consensus revenue estimate of $9.0 billion. Skechers U.S.A. also updated its Q1 2025 guidance to 1.100-1.150 EPS.

Skechers U.S.A. Stock Down 12.6 %

Shares of NYSE:SKX traded down $9.56 during trading on Friday, hitting $66.06. 10,509,073 shares of the company’s stock traded hands, compared to its average volume of 2,264,776. The company has a 50-day moving average price of $70.51 and a 200-day moving average price of $66.46. Skechers U.S.A. has a 52 week low of $55.67 and a 52 week high of $78.85. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Skechers U.S.A. (NYSE:SKX) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.08). Skechers U.S.A. had a net margin of 7.19% and a return on equity of 13.71%. As a group, research analysts forecast that Skechers U.S.A. will post 4.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SKX. Raymond James decreased their price target on Skechers U.S.A. from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus decreased their price objective on shares of Skechers U.S.A. from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Friday. UBS Group dropped their target price on shares of Skechers U.S.A. from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. 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 research note on Friday, October 25th. Finally, Bank of America cut their price target on Skechers U.S.A. from $81.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Skechers U.S.A. currently has an average rating of “Moderate Buy” and an average target price of $81.50.

Insiders Place Their Bets

In other Skechers U.S.A. news, COO David Weinberg sold 8,219 shares of Skechers U.S.A. stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 value of $693,289.52. Following the transaction, the president now directly owns 149,327 shares in the company, valued at approximately $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 corporate 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.