News articles about Skechers USA (NYSE:SKX) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Skechers USA earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 45.1586003964152 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Investors Focused Stocks: CNX Resources Corporation (NYSE:CNX), Skechers USA, Inc. (NYSE:SKX), GAMCO Global … (journalfinance.net)
- SHAREHOLDER ALERT: TSLA LCI CBS ORCL LOGM NLSN ZN RMTI HMNY SKX: The Law Offices of Vincent Wong … (globenewswire.com)
- Skechers Hits New York Fashion Week Runways (oaoa.com)
- Stock Technical Buzz: Baidu, Inc., (NASDAQ: BIDU), Skechers USA, Inc., (NYSE: SKX) (nysetradingnews.com)
- An Opportunity To Generate Profits For Investors: Skechers USA, Inc. (SKX), Washington Prime Group Inc. (WPG) (nmsunews.com)
Several research firms recently issued reports on SKX. TheStreet cut shares of Skechers USA from a “b-” rating to a “c+” rating in a report on Wednesday, August 15th. Buckingham Research boosted their target price on shares of Skechers USA from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Morgan Stanley assumed coverage on shares of Skechers USA in a research note on Wednesday, August 1st. They set an “equal weight” rating and a $28.00 target price for the company. Argus lowered shares of Skechers USA from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Citigroup lowered their price target on shares of Skechers USA from $44.00 to $35.00 and set a “$27.32” rating for the company in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Skechers USA has a consensus rating of “Hold” and an average price target of $37.79.
Shares of NYSE SKX opened at $26.65 on Friday. Skechers USA has a twelve month low of $23.80 and a twelve month high of $43.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.28 and a quick ratio of 2.14. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.53 and a beta of 0.34.
Skechers USA (NYSE:SKX) last issued its quarterly earnings results on Thursday, July 19th. The textile maker reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.12). Skechers USA had a net margin of 4.24% and a return on equity of 14.17%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $0.38 earnings per share. Skechers USA’s revenue was up 10.6% compared to the same quarter last year. equities research analysts forecast that Skechers USA will post 1.73 EPS for the current year.
About Skechers USA
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand.
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