Skechers USA (SKX) Earns Daily Media Impact Rating of 0.16

Press coverage about Skechers USA (NYSE:SKX) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Skechers USA earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 47.0920620794071 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of analysts have weighed in on SKX shares. Buckingham Research set a $36.00 price objective on shares of Skechers USA and gave the stock a “buy” rating in a report on Friday, October 20th. Susquehanna Bancshares reissued a “buy” rating on shares of Skechers USA in a report on Friday, October 20th. B. Riley set a $37.00 price objective on shares of Skechers USA and gave the stock a “buy” rating in a report on Friday, October 20th. Cowen set a $36.00 price objective on shares of Skechers USA and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Monness Crespi & Hardt raised their price objective on shares of Skechers USA from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Skechers USA has a consensus rating of “Buy” and an average price target of $41.34.

Shares of Skechers USA (NYSE SKX) traded up $0.22 during trading on Wednesday, hitting $40.37. 2,508,359 shares of the stock were exchanged, compared to its average volume of 2,160,000. The firm has a market cap of $6,400.00, a PE ratio of 35.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.20. Skechers USA has a fifty-two week low of $22.64 and a fifty-two week high of $42.73. The company has a quick ratio of 2.06, a current ratio of 3.52 and a debt-to-equity ratio of 0.04.

Skechers USA (NYSE:SKX) last announced its earnings results on Thursday, February 8th. The textile maker reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $970.59 million for the quarter, compared to analysts’ expectations of $881.39 million. Skechers USA had a net margin of 4.30% and a return on equity of 14.63%. The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS. equities analysts expect that Skechers USA will post 2.3 EPS for the current year.

Skechers USA declared that its Board of Directors has approved a share repurchase plan on Thursday, February 8th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the textile maker to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Richard Rappaport sold 1,000 shares of Skechers USA stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $38.24, for a total value of $38,240.00. Following the transaction, the director now directly owns 19,000 shares in the company, valued at approximately $726,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Morton D. Erlich sold 4,000 shares of Skechers USA stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $33.66, for a total transaction of $134,640.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at $403,920. The disclosure for this sale can be found here. Insiders sold a total of 580,750 shares of company stock worth $21,665,988 over the last ninety days. Corporate insiders own 38.20% of the company’s stock.

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Skechers USA 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 USA (NYSE:SKX)

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