Skechers U.S.A. (SKX) Getting Somewhat Favorable News Coverage, Accern Reports

News coverage about Skechers U.S.A. (NYSE:SKX) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Skechers U.S.A. earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 44.8934359755666 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Several analysts have issued reports on the company. Vetr raised Skechers U.S.A. from a “buy” rating to a “strong-buy” rating and set a $34.87 price target on the stock in a research note on Monday. B. Riley reissued a “buy” rating and issued a $37.00 price target on shares of Skechers U.S.A. in a research note on Friday, July 21st. Cowen and Company set a $35.00 price target on Skechers U.S.A. and gave the company a “buy” rating in a research note on Monday, August 14th. BidaskClub raised Skechers U.S.A. from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating on shares of Skechers U.S.A. in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $34.74.

Skechers U.S.A. (NYSE:SKX) opened at $32.30 on Wednesday. The firm has a market capitalization of $5,143.94, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.37 and a beta of 0.11. The company has a current ratio of 3.46, a quick ratio of 2.30 and a debt-to-equity ratio of 0.04. Skechers U.S.A. has a 12-month low of $21.33 and a 12-month high of $34.87.

Skechers U.S.A. (NYSE:SKX) last announced its quarterly earnings results on Thursday, October 19th. The textile maker reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Skechers U.S.A. had a return on equity of 13.70% and a net margin of 6.38%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. equities analysts forecast that Skechers U.S.A. will post 1.69 EPS for the current year.

In other news, President Michael Greenberg sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $31.86, for a total transaction of $4,779,000.00. Following the completion of the sale, the president now owns 251,679 shares in the company, valued at $8,018,492.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Phillip Paccione sold 1,004 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $27.24, for a total value of $27,348.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 386,504 shares of company stock worth $12,319,249. Company insiders own 38.20% of the company’s stock.

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Skechers U.S.A. Company Profile

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

Insider Buying and Selling by Quarter for Skechers U.S.A. (NYSE:SKX)

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