Skechers U.S.A., Inc.s in-depth stock price analysis indicates that the stock price has rallied 24.97% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 12.38% . Looking at the past 52 week period, the stock price is down -8.56% . 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. Skechers U.S.A., Inc. (NYSE:SKX) has climbed 18.16% in the past week and advanced 9.11% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 17.21% and the outperformance has advanced to 7.16% for the last 4 weeks period.
Skechers U.S.A., Inc. (NYSE:SKX) : On Friday heightened volatility was witnessed in Skechers U.S.A., Inc. (NYSE:SKX) which led to swings in the share price. The stock opened for trading at $26.3 and hit $28.5 on the upside , eventually ending the session at $27.78, with a gain of 19.33% or 4.5 points. The heightened volatility saw the trading volume jump to 13,166,334 shares. The 52-week high of the share price is $34.27 and the company has a market cap of $4,386 million. The 52-week low of the share price is at $18.81 .
Skechers USA Inc Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.06. Analyst had a consensus of $0.10. The company had revenue of $764.30 million for the quarter, compared to analysts expectations of $726.21 million. The companys revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 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.
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 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.