Skechers U.S.A. (NYSE:SKX) Updates FY 2025 Earnings Guidance

Skechers U.S.A. (NYSE:SKX) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 4.300-4.500 for the period, compared to the consensus earnings per share estimate of 4.250. The company issued revenue guidance of $9.7 billion-$9.8 billion, compared to the consensus revenue estimate of $9.0 billion.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler initiated coverage on Skechers U.S.A. in a research note on Tuesday, December 10th. They set a “neutral” rating and a $65.00 target price for the company. TD Cowen boosted their price objective on shares of Skechers U.S.A. from $88.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Barclays increased their target price on shares of Skechers U.S.A. from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Evercore ISI upped their price objective on shares of Skechers U.S.A. from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Bank of America dropped their target price on shares of Skechers U.S.A. from $81.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Skechers U.S.A. presently has an average rating of “Moderate Buy” and an average target price of $81.60.

Skechers U.S.A. Stock Performance

SKX traded up $1.28 on Thursday, reaching $75.69. The company had a trading volume of 4,298,044 shares, compared to its average volume of 1,883,675. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. Skechers U.S.A. has a 1 year low of $55.67 and a 1 year high of $78.85. The stock has a market capitalization of $11.43 billion, a PE ratio of 18.64, a P/E/G ratio of 0.92 and a beta of 1.19. The stock has a 50-day moving average price of $70.27 and a 200-day moving average price of $66.39.

Insiders Place Their Bets

In other news, COO David Weinberg sold 8,219 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total transaction of $554,618.12. Following the sale, the chief operating officer now owns 122,211 shares in the company, valued at $8,246,798.28. This trade represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Greenberg sold 10,274 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total transaction of $693,289.52. Following the transaction, the president now directly owns 149,327 shares in the company, valued at approximately $10,076,585.96. This represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. 24.75% of the stock is currently owned by insiders.

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.