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

Skechers U.S.A. (NYSE:SKX) released 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 13.81% and a net margin of 7.13%. Skechers U.S.A. updated its FY 2025 guidance to 4.300-4.500 EPS and its Q1 2025 guidance to 1.100-1.150 EPS.

Skechers U.S.A. Price Performance

Shares of NYSE:SKX opened at $66.06 on Friday. 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 moving average price of $70.55 and a 200 day moving average price of $66.47. The company has a market cap of $9.97 billion, a P/E ratio of 15.92, a PEG ratio of 0.95 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Skechers U.S.A. in a report on Friday. Barclays upped their price objective on Skechers U.S.A. from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Raymond James dropped their target price on shares of Skechers U.S.A. from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday. UBS Group cut their price target on Skechers U.S.A. from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Finally, StockNews.com raised shares of Skechers U.S.A. from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

Insiders Place Their Bets

In other Skechers U.S.A. news, President Michael Greenberg sold 10,274 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total transaction of $693,289.52. Following the sale, the president now directly owns 149,327 shares in the company, valued at approximately $10,076,585.96. The trade was a 6.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Weinberg sold 8,219 shares of the 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 owns 122,211 shares of the company’s stock, valued at $8,246,798.28. This represents a 6.30 % decrease in their position. The disclosure for this sale can be found here. 24.75% of the stock is currently owned by insiders.

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.