Skechers USA Inc (SKX) CEO Robert Greenberg Buys 250,000 Shares
Skechers USA Inc (NYSE:SKX) CEO Robert Greenberg acquired 250,000 shares of Skechers USA stock in a transaction that occurred on Monday, November 28th. The shares were bought at an average price of $22.18 per share, with a total value of $5,545,000.00. Following the transaction, the chief executive officer now directly owns 277,693 shares in the company, valued at $6,159,230.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Robert Greenberg also recently made the following trade(s):
- On Tuesday, November 29th, Robert Greenberg acquired 500,000 shares of Skechers USA stock. The shares were bought at an average price of $21.96 per share, with a total value of $10,980,000.00.
Skechers USA Inc (NYSE:SKX) opened at 22.78 on Thursday. The firm’s 50-day moving average price is $21.56 and its 200 day moving average price is $25.47. The firm has a market cap of $3.60 billion, a P/E ratio of 13.24 and a beta of 0.27. Skechers USA Inc has a 12-month low of $18.81 and a 12-month high of $34.27.
Skechers USA (NYSE:SKX) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The company had revenue of $942.40 million for the quarter, compared to analyst estimates of $954.38 million. Skechers USA had a return on equity of 17.44% and a net margin of 7.56%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Analysts forecast that Skechers USA Inc will post $1.63 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA acquired a new stake in Skechers USA during the second quarter worth $117,000. Van Hulzen Asset Management LLC acquired a new stake in Skechers USA during the third quarter worth $135,000. MSI Financial Services Inc increased its stake in Skechers USA by 36.6% in the third quarter. MSI Financial Services Inc now owns 6,210 shares of the company’s stock worth $143,000 after buying an additional 1,665 shares during the last quarter. US Bancorp DE increased its stake in Skechers USA by 45.7% in the second quarter. US Bancorp DE now owns 5,211 shares of the company’s stock worth $155,000 after buying an additional 1,635 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Skechers USA by 16.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,529 shares of the company’s stock worth $172,000 after buying an additional 1,087 shares during the last quarter. Institutional investors own 61.06% of the company’s stock.
A number of research analysts recently issued reports on the company. B. Riley restated a “buy” rating and set a $24.00 price objective on shares of Skechers USA in a research report on Thursday, October 27th. Buckingham Research raised Skechers USA from a “neutral” rating to a “buy” rating in a research report on Thursday. Vetr cut Skechers USA from a “strong-buy” rating to a “buy” rating and set a $25.17 price target for the company. in a research report on Wednesday. Cowen and Company reaffirmed a “hold” rating on shares of Skechers USA in a research report on Friday, October 21st. Finally, Susquehanna assumed coverage on Skechers USA in a research report on Friday, August 12th. They issued a “neutral” rating and a $27.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Skechers USA has an average rating of “Buy” and an average target price of $27.08.
About Skechers USA
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.
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