Skechers USA Inc (NYSE:SKX) EVP Mark A. Nason sold 13,191 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $32.00, for a total transaction of $422,112.00. Following the transaction, the executive vice president now owns 86,943 shares of the company’s stock, valued at approximately $2,782,176. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NYSE:SKX traded down $0.07 on Friday, reaching $27.93. 2,004,602 shares of the company were exchanged, compared to its average volume of 2,376,841. The company has a quick ratio of 2.00, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. Skechers USA Inc has a 1-year low of $21.45 and a 1-year high of $35.66. The stock has a market cap of $4.44 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57.
Skechers USA (NYSE:SKX) last posted its quarterly earnings results on Thursday, April 18th. The textile maker reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Skechers USA had a return on equity of 13.56% and a net margin of 6.26%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities analysts anticipate that Skechers USA Inc will post 2.02 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Accident Compensation Corp grew its stake in Skechers USA by 10.9% in the 1st quarter. Accident Compensation Corp now owns 71,230 shares of the textile maker’s stock valued at $2,394,000 after acquiring an additional 7,000 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Skechers USA in the 1st quarter valued at about $4,433,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Skechers USA by 7.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,011 shares of the textile maker’s stock valued at $842,000 after acquiring an additional 1,784 shares during the last quarter. Man Group plc grew its stake in Skechers USA by 615.1% in the 1st quarter. Man Group plc now owns 441,399 shares of the textile maker’s stock valued at $14,835,000 after acquiring an additional 379,673 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in Skechers USA in the 1st quarter valued at about $1,215,000. 76.51% of the stock is currently owned by hedge funds and other institutional investors.
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About Skechers USA
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.
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