Skechers U.S.A. Inc. [SKX] is -23.25% lower this YTD. Is it still time to buy?

Skechers U.S.A. Inc. [NYSE: SKX] price plunged by -2.07 percent to reach at -$0.7. A sum of 1357573 shares traded at recent session while its average daily volume was at 2.22M shares. Skechers U.S.A. Inc. shares reached a high of $34.28 and dropped to a low of $33.02 until finishing in the latest session at $33.15.

The one-year SKX stock forecast points to a potential downside of -0.45. The average equity rating for SKX stock is currently 1.80, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Skechers U.S.A. Inc. [SKX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SKX shares is $33.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SKX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Monness Crespi & Hardt have made an estimate for Skechers U.S.A. Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 13, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $31 to $33. The new note on the price target was released on March 30, 2020, representing the official price target for Skechers U.S.A. Inc. stock. Previously, the target price had yet another raise from $42 to $50, while Monness Crespi & Hardt kept a Buy rating on SKX stock.

The Average True Range (ATR) for Skechers U.S.A. Inc. is set at 1.80, with the Price to Sales ratio for SKX stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 8.36. Price to Free Cash Flow for SKX in the course of the last twelve months was 62.22 with Quick ratio for the last quarter at 2.20.

SKX Stock Performance Analysis:

Skechers U.S.A. Inc. [SKX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.38. With this latest performance, SKX shares gained by 21.34% in over the last four-week period, additionally sinking by -20.41% over the last 6 months – not to mention a rise of 4.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SKX stock in for the last two-week period is set at 56.21, with the RSI for the last a single of trading hit 53.23, and the three-weeks RSI is set at 55.77 for Skechers U.S.A. Inc. [SKX]. The present Moving Average for the last 50 days of trading for this stock 28.76, while it was recorded at 32.63 for the last single week of trading, and 34.49 for the last 200 days.

Insight into Skechers U.S.A. Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Skechers U.S.A. Inc. [SKX] shares currently have an operating margin of +9.50 and a Gross Margin at +45.59. Skechers U.S.A. Inc.’s Net Margin is presently recorded at +6.64.

Return on Total Capital for SKX is now 15.27, given the latest momentum, and Return on Invested Capital for the company is 12.71. Return on Equity for this stock inclined to 15.94, with Return on Assets sitting at 8.53. When it comes to the capital structure of this company, Skechers U.S.A. Inc. [SKX] has a Total Debt to Total Equity ratio set at 64.50. Additionally, SKX Total Debt to Total Capital is recorded at 39.21, with Total Debt to Total Assets ending up at 30.51. Long-Term Debt to Equity for the company is recorded at 43.86, with the Long-Term Debt to Total Capital now at 26.66.

Reflecting on the efficiency of the workforce at the company, Skechers U.S.A. Inc. [SKX] managed to generate an average of $26,455 per employee. Receivables Turnover for the company is 8.31 with a Total Asset Turnover recorded at a value of 1.29.Skechers U.S.A. Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 3.10.

SKX Stock EPS

With the latest financial reports released by the company, Skechers U.S.A. Inc. posted 0.49/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 44.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SKX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Skechers U.S.A. Inc. go to 12.88%.

Skechers U.S.A. Inc. [SKX] Insider Position Details

There are presently around $4,135 million, or 90.90% of SKX stock, in the hands of institutional investors. The top three institutional holders of SKX stocks are: FMR LLC with ownership of 20,174,674, which is approximately 0.436% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 12,433,365 shares of the stock with an approximate value of $420.87 million in SKX stocks shares; and BLACKROCK INC., currently with $415.94 million in SKX stock with ownership of nearly 2.985% of the company’s market capitalization.

Positions in Skechers U.S.A. Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 146 institutional holders increased their position in Skechers U.S.A. Inc. [NYSE:SKX] by around 17,308,209 shares. Additionally, 177 investors decreased positions by around 14,452,269 shares, while 46 investors held positions by with 90,397,661 shares. The mentioned changes placed institutional holdings at 122,158,139 shares, according to the latest SEC report filing. SKX stock had 37 new institutional investments in for a total of 6,040,353 shares, while 85 institutional investors sold positions of 3,696,112 shares during the same period.

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