In today’s recent session, 2.89 million shares of the Skechers U S A, Inc (NYSE:SKX) have been traded, and its beta is 1.14. Most recently the company’s share price was $62.65, and it changed around $0.18 or 0.28% from the last close, which brings the market valuation of the company to $9.37B. SKX at last check was trading at a discount to its 52-week high of $78.85, offering almost -25.86% off that amount. The share price’s 52-week low was $44.50, which indicates that the recent value has risen by an impressive 28.97% since then.
Skechers U S A, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.44. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended SKX as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Skechers U S A, Inc is expected to report earnings per share of 0.85 for the current quarter.
Skechers U S A, Inc (NYSE:SKX) trade information
Instantly SKX has been showing a green trend so far today with a performance of 0.28% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 62.80 on recent trading dayincreased the stock’s daily price by 0.24%. The company’s shares are currently down -6.83% year-to-date, but still up 0.86% over the last five days. On the other hand, Skechers U S A, Inc (NYSE:SKX) is 0.89% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $63.5, which translates to bulls needing to increase their stock price by 1.34% from its current value. Analyst projections state that SKX is forecast to be at a low of $63 and a high of $64.
Skechers U S A, Inc (SKX) estimates and forecasts
The year-over-year growth rate is expected to be 6.78%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 2.35B in revenue for the current quarter. 11 analysts expect Skechers U S A, Inc to make 2.47B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.16B and 2.35B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.92%. Forecasts for the next quarter put sales growth at 5.35%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.08%. Skechers U S A, Inc earnings are expected to increase by -11.85% in 2025, but the outlook is positive 0.08% per year for the next five years.
SKX Dividends
Skechers U S A, Inc’s next quarterly earnings report is expected to be released in July.
BLACKROCK INC., with 8.3448% or 12.73 million shares worth $879.63 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
