In Thursday’s Wall Street session, Skechers U S A, Inc (NYSE:SKX) shares traded at $62.03, up 0.08% from the previous session.
SKX stock price is now 12.26% away from the 50-day moving average and -1.75% away from the 200-day moving average. The market capitalization of the company currently stands at $9.28B.
With the price target maintained at $63, TD Cowen recently Downgraded its rating from Buy to Hold for Skechers U S A, Inc (NYSE: SKX). On April 25, 2025, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $85 to quote $70, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, MARK A. NASON, Officer bought 8,630 shares of the company’s stock on Mar 24 ’25. The stock was bought for $496,536 at an average price of $57.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’25, Officer PHILIP PACCIONE bought 10,994 shares of the business’s stock. A total of $622,619 was incurred on buying the stock at an average price of $56.63. A total of 25.26% of the company’s stock is owned by insiders.
During the past 12 months, Skechers U S A, Inc has had a low of $44.50 and a high of $78.85. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 2.13, and a quick ratio of 1.28.
The net profit margin was 6.96% and return on equity was 14.67% for SKX. The company reported revenue of $2.41 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.11 percent.
