Stock price performance of Skechers U.S.A., Inc. is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 8.29% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -6.11% . Looking at the past 52 week period, the stock price is down -15% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Skechers U.S.A., Inc. has a negative value of -19.28 compared to overall market performance. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 0.74% and the 50-Day Moving Average is 1.03%.The 200 Day SMA reached 4.37%
Skechers U.S.A., Inc. is having a Relative Strength Index of 33.96 which indicates the stock is not yet over sold or over bought based on the technical indicators. Skechers U.S.A., Inc. (NYSE:SKX) has tumbled 5.85% during the past week and has dropped 6.07% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.96%. Skechers U.S.A., Inc. (NYSE:SKX) has underperformed the index by 6.91% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company has reported several Insider transactions to the SEC, on Dec 27, 2016, Richard Rappaport (director) sold 1,000 shares at 24.45 per share price.On Nov 30, 2016, Family Trust Greenberg (CEO) purchased 500,000 shares at 21.96 per share price.On Nov 28, 2016, Thomas Walsh (director) sold 1,500 shares at 22.64 per share price.
Skechers USA Inc Last issued its quarterly earnings results on Oct 20, 2016. The company reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.46. The company had revenue of $942.42 million for the quarter, compared to analysts expectations of $954.40 million. The companys revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Wedbush on Jan 25, 2017 to Neutral, Raises Price Target to $ 25 from a previous price target of $23 .Skechers USA Inc was Upgraded by Monness Crespi & Hardt on Dec 23, 2016 to Buy, Price Target of the shares are set at $30.Skechers USA Inc was Initiated by Wells Fargo to Outperform on Dec 6, 2016. Skechers USA Inc was Upgraded by Buckingham Research to Buy on Dec 1, 2016.
Skechers U.S.A., Inc. (NYSE:SKX) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.15 points or 0.63% at $23.51 with 2,184,602 shares getting traded. Post opening the session at $23.52, the shares hit an intraday low of $23.1 and an intraday high of $23.93 and the price was in this range throughout the day. The company has a market cap of $3,712 million and the number of outstanding shares has been calculated to be 157,876,180 shares. The 52-week high of Skechers U.S.A., Inc. (NYSE:SKX) is $34.27 and the 52-week low is $18.81.
Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. The company sells its products to department stores such as Nordstrom, Macys, Dillards, Robinsons-May and JC Penney and specialty retailers such as Genescos Journeys and Jarman chains, The Venator Groups Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.