In the latest trading session,, 0.83 million Skechers U S A, Inc (NYSE:SKX) shares changed hands as the company’s beta touched 1.07. With the company’s most recent per share price at $48.99 changing hands around $1.2 or 2.51% at last look, the market valuation stands at $7.37B. SKX’s current price is a discount, trading about -60.95% off its 52-week high of $78.85. The share price had its 52-week low at $44.50, which suggests the last value was 9.17% up since then. When we look at Skechers U S A, Inc’s average trading volume, we note the 10-day average is 4.04 million shares, with the 3-month average coming to 3.29 million.
Analysts gave the Skechers U S A, Inc (SKX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.53. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SKX as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Skechers U S A, Inc’s EPS for the current quarter is expected to be 0.84.
Skechers U S A, Inc (NYSE:SKX) trade information
Instantly SKX is in green as seen in intraday trades today. With action 4.72%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -27.14%, with the 5-day performance at 4.72% in the green. However, in the 30-day time frame, Skechers U S A, Inc (NYSE:SKX) is -15.24% down. Looking at the short shares, we see there were 5.65 million shares sold at short interest cover period of 1.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 74.5, meaning bulls need an upside of 34.24% from its recent market value. According to analyst projections, SKX’s forecast low is 64 with 85 as the target high. To hit the forecast high, the stock’s price needs a -73.5% plunge from its current level, while the stock would need to soar -30.64% for it to hit the projected low.
Skechers U S A, Inc (SKX) estimates and forecasts
Year-over-year growth is forecast to reach 7.14% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 2.35B. 11 analysts are of the opinion that Skechers U S A, Inc’s revenue for the current quarter will be 2.49B. The company’s revenue for the corresponding quarters a year ago was 2.16B and 2.35B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.92%. The estimates for the next quarter sales put growth at 5.96%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.08%. The 2025 estimates are for Skechers U S A, Inc earnings to decrease by -14.51%, but the outlook for the next 5-year period is at 1.15% per year.
SKX Dividends
Skechers U S A, Inc is expected to release its next quarterly earnings report on 2025-Apr-23.
Skechers U S A, Inc (NYSE:SKX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.62% of Skechers U S A, Inc shares while 96.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.89%. There are 96.29% institutions holding the Skechers U S A, Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 13.0222% of the shares, roughly 19.86 million SKX shares worth $1.37 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3448% or 12.73 million shares worth $879.63 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund and iShares Trust-iShares Core S&P Mid-Cap ETF . With 6.29 shares estimated at $307.5 million under it, the former controlled 4.79% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 3.28% of the shares, roughly 4.3 shares worth around $210.18 million.
