Skechers U S A, Inc. (SKX) concluded trading on Thursday at a closing price of $69.84, with 2.36 million shares of worth about $164.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.44% during that period and on June 27, 2024 the price saw a loss of about -2.66%. Currently the company’s common shares owned by public are about 132.84M shares, out of which, 131.29M shares are available for trading.
Stock saw a price change of -4.43% in past 5 days and over the past one month there was a price change of -0.88%. Year-to-date (YTD), SKX shares are showing a performance of 12.03% which increased to 38.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.58 but also hit the highest price of $75.09 during that period. The average intraday trading volume for Skechers U S A, Inc. shares is 1.76 million. The stock is currently trading -3.33% below its 20-day simple moving average (SMA20), while that difference is up 2.89% for SMA50 and it goes to 17.70% higher than SMA200.
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Skechers U S A, Inc. (NYSE: SKX) currently have 132.84M outstanding shares and institutions hold larger chunk of about 80.71% of that.
The stock has a current market capitalization of $10.66B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 18.38, while it has posted earnings per share of $3.80 in the same period. Its PEG reads 1.10 and has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SKX, volatility over the week remained 2.41% while standing at 2.16% over the month.
Stock’s fiscal year EPS is expected to rise by 21.00% while it is estimated to increase by 18.36% in next year. EPS is likely to grow at an annualized rate of 16.78% for next 5-years, compared to annual growth of 12.67% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on June 07, 2024 offering a Buy rating for the stock and assigned a target price range of between $71 and $87 to it. Coverage by Barclays stated Skechers U S A, Inc. (SKX) stock as an Overweight in their note to investors on April 01, 2024, suggesting a price target of $71 for the stock. On March 08, 2024, BofA Securities Initiated their recommendations, while on February 15, 2024, Evercore ISI Initiated their ratings for the stock with a price target of $73. Stock get a Buy rating from Monness Crespi & Hardt on January 18, 2024.
