Research Analysts’ Weekly Ratings Changes for Skechers U.S.A. (SKX)

Posted by Jessica Moore on Feb 11th, 2025

Skechers U.S.A. (NYSE: SKX) recently received a number of ratings updates from brokerages and research firms:

2/10/2025 – Skechers U.S.A. had its price target lowered by analysts at Barclays PLC from $80.00 to $77.00. They now have an “overweight” rating on the stock.
2/10/2025 – Skechers U.S.A. was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
2/7/2025 – Skechers U.S.A. had its price target lowered by analysts at Raymond James from $80.00 to $75.00. They now have an “outperform” rating on the stock.
2/7/2025 – Skechers U.S.A. had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
2/7/2025 – Skechers U.S.A. had its price target lowered by analysts at Stifel Nicolaus from $83.00 to $80.00. They now have a “buy” rating on the stock.
2/7/2025 – Skechers U.S.A. had its price target lowered by analysts at UBS Group AG from $92.00 to $90.00. They now have a “buy” rating on the stock.
1/29/2025 – Skechers U.S.A. had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
1/28/2025 – Skechers U.S.A. had its price target raised by analysts at Evercore ISI from $72.00 to $85.00. They now have an “outperform” rating on the stock.
1/23/2025 – Skechers U.S.A. was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
1/15/2025 – Skechers U.S.A. was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
1/8/2025 – Skechers U.S.A. had its price target raised by analysts at TD Cowen from $88.00 to $93.00. They now have a “buy” rating on the stock.
12/19/2024 – Skechers U.S.A. was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Skechers U.S.A. Stock Performance

Shares of SKX opened at $65.09 on Tuesday. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.95 and a beta of 1.19. Skechers U.S.A., Inc. has a 12 month low of $55.67 and a 12 month high of $78.85. The firm has a fifty day simple moving average of $70.55 and a 200 day simple moving average of $66.50. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01.

Skechers U.S.A. (NYSE:SKX – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The textile maker reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.08). Skechers U.S.A. had a return on equity of 13.81% and a net margin of 7.13%. Research analysts forecast that Skechers U.S.A., Inc. will post 4.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO David Weinberg sold 8,219 shares of Skechers U.S.A. stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total value of $554,618.12. Following the completion of the transaction, the chief operating officer now owns 122,211 shares of the company’s stock, valued at $8,246,798.28. This trade represents a 6.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael Greenberg sold 10,274 shares of the business’s stock in a transaction dated 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 owns 149,327 shares in the company, valued at $10,076,585.96. This represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.75% of the company’s stock.

Hedge Funds Weigh In On Skechers U.S.A.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in shares of Skechers U.S.A. by 5,780.6% in the third quarter. Pacer Advisors Inc. now owns 2,639,390 shares of the textile maker’s stock valued at $176,628,000 after buying an additional 2,594,507 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Skechers U.S.A. by 70.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,308,283 shares of the textile maker’s stock valued at $155,209,000 after acquiring an additional 953,528 shares during the period. Geode Capital Management LLC lifted its holdings in Skechers U.S.A. by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,216,905 shares of the textile maker’s stock valued at $148,395,000 after purchasing an additional 11,026 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Skechers U.S.A. by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,316,882 shares of the textile maker’s stock worth $88,126,000 after purchasing an additional 17,429 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Skechers U.S.A. by 39.0% in the third quarter. Wellington Management Group LLP now owns 1,025,556 shares of the textile maker’s stock valued at $68,630,000 after purchasing an additional 287,939 shares during the last quarter. Institutional investors own 79.96% of the company’s stock.

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.