Skechers U S A, Inc. (SKX) concluded trading on Thursday at a closing price of $61.63, with 3.25 million shares of worth about $200.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.78% during that period and on October 24, 2024 the price saw a loss of about -0.06%. Currently the company’s common shares owned by public are about 132.84M shares, out of which, 131.44M shares are available for trading.
Stock saw a price change of -0.60% in past 5 days and over the past one month there was a price change of -5.88%. Year-to-date (YTD), SKX shares are showing a performance of -1.14% which increased to 26.76% 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 2.05 million. The stock is currently trading -5.14% below its 20-day simple moving average (SMA20), while that difference is down -6.66% for SMA50 and it goes to -4.37% lower 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 79.80% of that.
The stock has a current market capitalization of $9.39B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 16.51, while it has posted earnings per share of $3.73 in the same period. Its PEG reads 0.86 and has Quick Ratio of 1.33 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 1.92% while standing at 2.48% over the month.
Stock’s fiscal year EPS is expected to rise by 22.88% while it is estimated to increase by 20.25% in next year. EPS is likely to grow at an annualized rate of 19.12% 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 Morgan Stanley on July 23, 2024 offering an Overweight rating for the stock and assigned a target price range of between $60 and $80 to it. Coverage by BofA Securities stated Skechers U S A, Inc. (SKX) stock as a Buy in their note to investors on June 07, 2024, suggesting a price target of $87 for the stock. On April 01, 2024, Barclays Initiated their recommendations, while on March 08, 2024, BofA Securities Initiated their ratings for the stock with a price target of $67. Stock get an Outperform rating from Evercore ISI on February 15, 2024.
