Skechers U.S.A., Inc. (NYSE:SKX) Upgrades/Downgrades review


Skechers U.S.A., Inc. (NYSE:SKX) has a 1 Year Target Estimate of $24.13. The stock traded with the volume of 6.71 Million in the last trading session. Skechers U.S.A., Inc. opened at $21.48 and closed by showing an increase of 6.05%. The Bid price in the last session was $23.19 x 100 and the Ask price was $23.37 x 100. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).

Skechers U.S.A., Inc. has the Market Capitalization of 3.6 Billion. The Stock has its 52-week High of $34.27 and 52-Week Low of $18.81 and it touched its 52-week high on Mar 4, 2016 and 52-Week Low on Oct 21, 2016.

Skechers U.S.A., Inc. reported its last Earnings on Oct 20 AMC where the company reported Actual EPS of $0.42/Share whereas, the Analyst Estimated EPS was $0.46/share. The difference between Actual EPS and Estimated EPS was $-0.04/share. This represented an Earnings Surprise of -8.7%. The company will report its next earnings on Feb 8 – Feb 13 (Est.).

8 number of analysts also provided their insight on Skechers U.S.A., Inc., where the Average Price Target for the stock is $24.13. They also projected Low Price Target as $21 while High Price Target is set at $30.

A number of analysts rated the stock as well: 0 analysts believe that the stock is a STRONG BUY while 2 reported it as Buy.8 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.

Skechers U.S.A., Inc. annual Divided is 0 while it’s Dividend Yield is 0%. The stock has its Price to Earnings (P/E) ratio of 13.25 and Forward Price to Earnings ratio of 12.8. The company has its Price to Sales (P/S) ratio of 1.02 where Price to Book (P/B) ratio of 2.2, Price to Cash Per share (P/C) of 5.41 and Price to Free Cash Flow (P/FCF) has a value of 48.34.

The company has its Return on Assets (ROA) of 12.3 Percent. Return on Equity (ROE) stands at 18.1% and Return on Investment (ROI) displays a value of 19.7%.

The stock is currently trading at Distance from 20-Day simple moving Average of 5.72% whereas, Distance from 50-Day Simple moving average is 4.39 Percent and Distance from 200-Day Simple Moving Average of -16.39 percent.

A look at performance overview of Skechers U.S.A., Inc. depicts that Performance (Week) is 1.83 percent while Performance Month is 8.32%. Quarterly performance shows a value of -6.29% and Half Year Performance value stands at -28.05%. Yearly performance of the stock has the value of -27.98 percent. Skechers U.S.A., Inc. has its YTD performance of -24.59 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).

Insider Trades:

Many Insiders have done trades inside the company. The latest trade was made on 1 Nov 2016 where President Greenberg (Michael) did a transaction type “Sell” in which 150000 shares were traded at a price of $20.58. Another insider trade includes General Counsel Paccione (Philip G) who also initiated a transaction in which 834 shares were traded on 27 Jul 2016 as “Sell”. On 27 Jul 2016 General Counsel Paccione (Philip G) traded 555 shares as “Sell” at $24.12. Director Greenberg (Jeffrey) Sell 10000 shares on 31 May 2016 at the price of $31.36.

Upgrades/Downgrades Report:

The latest Upgrades/Downgrades was done by Research firm Wedbush on 2-Nov-16 who Initiated the stock  to Neutral. Other firms have also Upgraded/Downgraded the stock. On 21-Oct-16, Citigroup took an action “Downgrade” from Buy to Neutral. On 3-Oct-16, the stock was Initiated to Buy by Standpoint Research.