Headlines about Skechers USA (NYSE:SKX) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Skechers USA earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 47.0646322638845 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Higher Sales and Cost Control Drove Skechers’s 4Q17 Bottom Line (finance.yahoo.com)
- Skechers Stock Soared after Strong Fourth-Quarter Results (finance.yahoo.com)
- Skechers Delivered Solid Top-Line Growth in Fiscal 2017 (finance.yahoo.com)
- Skechers: What Drove Its 4Q17 Top Line? (finance.yahoo.com)
- Under Armour Returned to Growth in 4Q17 (finance.yahoo.com)
Several equities research analysts recently commented on the company. Vetr upgraded Skechers USA from a “sell” rating to a “hold” rating and set a $39.03 target price on the stock in a report on Monday. Zacks Investment Research upgraded Skechers USA from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, February 12th. Citigroup lifted their price objective on Skechers USA from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Monness Crespi & Hardt lifted their price objective on Skechers USA from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, B. Riley set a $50.00 price objective on Skechers USA and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $41.34.
Skechers USA (NYSE:SKX) last issued its earnings results on Thursday, February 8th. The textile maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Skechers USA had a return on equity of 14.63% and a net margin of 4.30%. The company had revenue of $970.59 million during the quarter, compared to analyst estimates of $881.39 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue was up 27.0% on a year-over-year basis. sell-side analysts forecast that Skechers USA will post 2.3 EPS for the current year.
Skechers USA declared that its Board of Directors has initiated a share buyback program on Thursday, February 8th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the textile maker to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.
In other Skechers USA news, Director Morton D. Erlich sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was 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 approximately $403,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Rappaport sold 1,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $38.24, for a total value of $38,240.00. Following the transaction, the director now owns 19,000 shares of the company’s stock, valued at approximately $726,560. The disclosure for this sale can be found here. Insiders have sold a total of 580,750 shares of company stock valued at $21,665,988 in the last quarter. 21.73% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Skechers USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers USA and related companies with MarketBeat.com's FREE daily email newsletter.