Skechers U.S.A., Inc. (SKX), a Consumer Cyclical Footwear & Accessories organization, saw its stock trade 41.04 shares, an increase against to its 10-day trading volume of 1.89M.
Skechers U.S.A., Inc. (SKX) stock is changing hands at $41.04, up 3.07 cents or +8.09% on the day.
Skechers USA Inc. reported record fourth-quarter sales, capping off a year that surpassed $5 billion at checkout, thanks in part to one trend: chunky sneakers. It was one of a few categories that got a shout out in earnings comments from Chief Executive Robert Greenberg.
“2019 was also the year we saw the resurgence of chunky sneakers – and as an originator in this category, we became a go-to source around the world,” he said.
Chunky sneakers, or “dad sneakers,” are a trend at both the high and low price points, with Skechers SKX, +7.24% and Balenciaga both examples of labels that have gotten in on the style.
And it promises to continue into 2020, with sporty styles and comfort footwear forecast to stay on trend. Total Revenue for Skechers U.S.A., Inc. (SKX) is $5.24B, Gross Profit is $2.51B and the EBITDA is $626.08M.
SKECHERS USA, Inc. (NYSE:SKX) announced financial results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter Highlights
- Record quarterly sales of $1.33 billion, an increase of 23.1 percent
- Diluted earnings per share of $0.39, an increase of 25.8 percent
- International sales increased 31.2 percent, or 32.3 percent on a constant currency basis
- Domestic sales increased 13.0 percent, including an increase of 10.4 percent in domestic wholesale
- Comparable same store sales increased 9.9 percent, including increases of 10.3 percent domestically and 8.8 percent internationally
- International sales represented a record 59.3 percent of sales
Skechers U.S.A., Inc. (SKX) Technical Statistics:
The average 10-day trading volume of Skechers U.S.A., Inc. (SKX) is 1.89M compared to 1.43M over the last 3 months which indicates an increase in trading activity. At the time of writing, Skechers U.S.A., Inc. (SKX) has a 50-day moving average of $41.42 and a 200-day moving average of $37.89. These moving averages are popular technical details that investors use to analyze price trends of Skechers U.S.A., Inc. (SKX).
Approximately 3.32% of the shares of the company are short sold from investors betting the shares may trade lower. The beta value on Skechers U.S.A., Inc. (SKX) stock is 0.82, indicating its 2.85% to 2.39% more volatile than the overall global market.
Technically, SKX’s short term support levels are around $37.69, $36.84 and $35.49 on the downside. SKXs short term resistance levels are $46.30, $44.39 and $43.88 on the upside.
Based on technical analysis, SKX has short term rating of Bearish (-0.39), Intermediate rating of Neutral (-0.10) and the long-term rating of Neutral (-0.19) giving it an overall rating of Neutral (-0.23).
SKX is trading 51.96% off its 52 week low at $27.10 and -7.44% off its 52 week high of $44.49. Performance wise, SKX stock has recently shown investors -1.84% a pullback in a week, -12.35% a pullback in a month and -3.41% a pullback in the past quarter.
Furthermore, Skechers U.S.A., Inc. (SKX) has shown a return of -12.09% since the 1st of this year.
Skechers U.S.A., Inc. (SKX) Key Statistics:
Skechers U.S.A., Inc. (SKX) is a mid cap company with a market cap value of $6.408B. SKX insiders hold roughly 2.31% of the shares.
On Dec-13-19 Argus Upgrade SKX as Hold → Buy at $50. On Dec-18-19 Deutsche Bank Initiated SKX as Buy at $49 and on Dec-23-19 Monness Crespi & Hardt Reiterated SKX as Buy at $42 → $50.
There are currently 130.82M shares in the float and 162.17M shares outstanding. There are 3.32% shares short in SKXs float.
The industry rank for Skechers U.S.A., Inc. (SKX) is 92 out of 255 ranking it at the Top 36% .
Skechers U.S.A., Inc. (SKX) Fundamental Details:
SKX last 2 years revenues have increased from $4,662,650 to $4,992,794 showing an uptrend.
Wall Street expects Skechers U.S.A., Inc. (SKX) to report an EPS next Qtr profit of 0.39 and a profit of 12.54% next year.
The growth rate on SKX this year is 11.56 compared to an industry 9.90. However, SKXs next year’s growth rate is 13.94 compared to an industry 12.10.
The book value per share (mrq) is 14.18 and cash per share (mrq) is 5.74. Giving them a price/book (mrq) of 2.49 compared to an industry of 2.13 and SKXs price/cash flow (mrfy) is 14.19 compared to an industry of 10.15.
SKX fundamental ratios shows an EPS growth vs. previous year 2.51 and EPS growth vs. previous quarter 0.77.
About Skechers U.S.A., Inc. (SKX):
Founded in 1992 and headquartered in Manhattan Beach, California, Skechers U.S.A., Inc. (SKX) designs, develops, markets, and distributes footwear for men, women, and children in the United States and overseas under the SKECHERS name, as well as under several uniquely branded names.Through its distribution networks, joint venture partners in Asia and the Middle East, and wholly-owned subsidiaries in Canada, Japan, throughout Europe and Latin America, Skechers’ products are available in more than 170 countries and territories. There are more than 3,300 SKECHERS Company-owned and third-party-owned retail stores.Skechers offers casuals, dress casuals, comfort and lightweight, sandals, and casual fusion categories for men and women under the Skechers USA brand; sport footwear for men and women, including men’s lifestyle athletic footwear, lightweight women’s sneakers, and sport sandals and boots under the Skechers Sport brand; fusion and sport fusion sneakers for females of all ages under the Skechers Active brand; and vulcanized looks and at Home collection under the brand BOBS from Skechers.The company also provides casuals, field boots, hikers, and athletic shoes for men and women under the Skechers Work brand; boots, shoes, sandals, dress sneakers, and lighted footwear for infants, toddlers, boys, and girls under the Skechers Kids brand; and a vivid range of on-trend casual, dress and active styles for men under Mark Nason Collection.The company also offers specially designed footwear collection under Skechers GOrun, Skechers GOwalk, Skechers, Skechers GOtrain, Skechers GOtrail, Skechers GO Golf and YOU by Skechers.Skechers reports under four segments – domestic wholesale sales, international wholesale sales, direct-to-consumer (which includes domestic and international retail sales), and e-commerce.