Skechers U.S.A. (NYSE:SKX – Get Free Report) announced its quarterly earnings data on Thursday. The textile maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23, Briefing.com reports. Skechers U.S.A. had a return on equity of 12.89% and a net margin of 6.82%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company earned $1.02 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis.
Skechers U.S.A. Stock Up 12.4 %
SKX traded up $7.29 on Friday, hitting $66.11. 5,362,429 shares of the company were exchanged, compared to its average volume of 1,691,023. Skechers U.S.A. has a 12 month low of $45.58 and a 12 month high of $69.07. The company has a market cap of $10.13 billion, a PE ratio of 19.23, a PEG ratio of 1.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.38. The stock’s fifty day moving average is $59.61 and its 200-day moving average is $57.92.
Insiders Place Their Bets
In other Skechers U.S.A. news, COO David Weinberg sold 67,390 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the transaction, the chief operating officer now owns 141,405 shares of the company’s stock, valued at $8,183,107.35. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Skechers U.S.A. news, COO David Weinberg sold 67,390 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $57.87, for a total transaction of $3,899,859.30. Following the transaction, the chief operating officer now owns 141,405 shares of the company’s stock, valued at $8,183,107.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Michael Greenberg sold 25,282 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $61.11, for a total value of $1,544,983.02. Following the sale, the president now directly owns 123,441 shares in the company, valued at approximately $7,543,479.51. The disclosure for this sale can be found here. Insiders have sold a total of 254,875 shares of company stock valued at $15,021,192 over the last 90 days. 24.75% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Skechers U.S.A.
About Skechers U.S.A.
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.
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