Skechers U.S.A. (SKX) Receives News Impact Rating of 0.14
News coverage about Skechers U.S.A. (NYSE:SKX) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Skechers U.S.A. earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the textile maker an impact score of 45.8565507869194 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Trading Center: Watching Key Levels For Skechers USA Inc (SKX) – Berry Recorder (berryrecorder.com)
- Camila Cabello to Hit the Streets in SKECHERS (finance.yahoo.com)
- Skechers USA, Inc. (SKX) is at $27.80 per share and Senior Housing Properties Trust (SNH) is listed at $18.92 – Stocks Gallery (stocksgallery.com)
- Scout Investments, Inc. Buys A Lot More Skechers USA, Inc. (SKX) Stock – First News 24 (firstnewspaper24.com)
- The Party Isn’t Over For Skechers – Seeking Alpha (seekingalpha.com)
Skechers U.S.A. (NYSE SKX) opened at 29.33 on Friday. Skechers U.S.A. has a 52 week low of $18.81 and a 52 week high of $30.00. The company has a 50 day moving average of $28.61 and a 200 day moving average of $26.50. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 20.34 and a beta of 0.18.
Skechers U.S.A. (NYSE:SKX) last released its quarterly earnings data on Thursday, July 20th. The textile maker reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $966.46 million. Skechers U.S.A. had a net margin of 5.92% and a return on equity of 12.79%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities analysts forecast that Skechers U.S.A. will post $1.57 EPS for the current fiscal year.
Several equities research analysts have weighed in on SKX shares. B. Riley raised shares of Skechers U.S.A. from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Friday, April 21st. Cowen and Company restated a “buy” rating and issued a $35.00 price objective on shares of Skechers U.S.A. in a report on Friday, April 21st. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $25.00 price objective on shares of Skechers U.S.A. in a report on Monday, April 24th. Vetr upgraded shares of Skechers U.S.A. from a “hold” rating to a “buy” rating and set a $26.28 price objective for the company in a report on Thursday, April 27th. Finally, Citigroup Inc. upgraded shares of Skechers U.S.A. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.52 to $30.00 in a report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Skechers U.S.A. has an average rating of “Buy” and a consensus price target of $31.10.
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In other Skechers U.S.A. news, Director Richard Rappaport sold 1,500 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $28.38, for a total value of $42,570.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $567,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.73% of the company’s stock.
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.
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