Moreover, Oberweis Asset Management Inc has 2.58% invested in the company for 88,713 shares.
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Skechers shares are up 151% year-to-date. The company’s shares opened today at $33.26. On August 6, 2015, the shares registered one year high at $54.53 and the one year low was seen on October 23, 2014. The company has a market cap of $4.75 billion and a price-to-earnings ratio of 22.37.
The firm has a 50-day moving average of $45.15 and a 200-day moving average of $39.62.
On a non-adjusted basis, the company reported earnings of 43 cents per share after being hurt by currency headwinds that totaled $13.5 million and legal expenses of about $5 million from personal injury settlements tied to its toning footwear business. The firm earned $856.20 million during the quarter, compared to the consensus estimate of $875.95 million. They expect $1.62 earnings per share, up 51.40% or $0.55 from last year’s $1.07 per share. Stock Price: SKX was down $12.84 or 27.80%, to $33.35 as of 5:56 PM ET in after hours trading shortly after its earnings report was released. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. Finally, Buckingham Research lowered shares of Skechers U.S. from a “buy” rating to a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Analysts had a consensus revenue estimate of $876.54 million for the quarter.
Greenberg Robert sold 200,000 shares worth $28.29M. Following the sale, the chief executive officer now owns 74,231 shares of the company’s stock, valued at $11,368,477.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
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Skechers USA Inc designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company’s brands can be purchased through web retailers, fit and independent retailers, boutiques and specialty and department shops. Along with wholesale supply, its footwear can be found at its ecommerce site and its particular own retail stores. As of February 15, 2013, the Company operated 116 concept stores, 118 factory outlet stores and 61 warehouse outlet stores in the United States, and 36 concept stores and 18 factory outlets internationally.
