With 1.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.13 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $60.84 whereas the lowest price it dropped to was $59.48. The 52-week range on SKX shows that it touched its highest point at $75.09 and its lowest point at $52.49 during that stretch. It currently has a 1-year price target of $82.69. Beta for the stock currently stands at 1.22.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SKX was down-trending over the past week, with a drop of -2.16%, but this was down by -4.43% over a month. Three-month performance dropped to -11.19% while six-month performance fell -11.91%. The stock gained 9.71% in the past year, while it has lost -4.12% so far this year. A look at the trailing 12-month EPS for SKX yields 4.06 with Next year EPS estimates of 4.95. For the next quarter, that number is 0.74. This implies an EPS growth rate of 25.34% for this year and 16.53% for next year. EPS is expected to grow by 17.77% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.67%.
Float and Shares Shorts:
At present, 132.84 million SKX shares are outstanding with a float of 130.50 million shares on hand for trading. On 2024-10-31, short shares totaled 6.44 million, which was 427.00000000000006 higher than short shares on 1727654400. In addition to Mr. Robert Y. Greenberg as the firm’s Co-Founder, Chairman of the Board & CEO, Mr. Michael Greenberg serves as its Co-Founder, President & Director.
Institutional Ownership:
Through their ownership of 0.96182996 of SKX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SKX reported revenue of $2347705000.0 and operating income of $233424000.0. The EBITDA in the recently reported quarter was $287086000.0 and diluted EPS was $1.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SKX since 15 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SKX analysts setting a high price target of 100.0 and a low target of 72.0, the average target price over the next 12 months is 82.05214. Based on these targets, SKX could surge 67.31% to reach the target high and rise by 20.46% to reach the target low. Reaching the average price target will result in a growth of 37.28% from current levels.
Analysts have provided yearly estimates in a range of $4.27912 being high and $4.21914 being low. For SKX, this leads to a yearly average estimate of $4.24913. The surprise factor in the prior quarter was $0.94. Based on analyst estimates, the high estimate for the next quarter is $1.73 and the low estimate is $1.49. The average estimate for the next quarter is thus $1.59.
