Skechers U.S.A. (NYSE:SKX) Updates FY 2025 Earnings Guidance

Skechers U.S.A. (NYSE:SKX) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.300-4.500 for the period, compared to the consensus earnings per share estimate of 4.250. The company issued revenue guidance of $9.7 billion-$9.8 billion, compared to the consensus revenue estimate of $9.0 billion. Skechers U.S.A. also updated its Q1 2025 guidance to 1.100-1.150 EPS.

Skechers U.S.A. Stock Down 12.6 %

Shares of NYSE:SKX traded down $9.56 during trading hours on Friday, hitting $66.06. The company’s stock had a trading volume of 10,536,456 shares, compared to its average volume of 1,980,609. The firm’s fifty day moving average price is $70.55 and its 200 day moving average price is $66.47. Skechers U.S.A. has a 52 week low of $55.67 and a 52 week high of $78.85. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 0.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.96 and a quick ratio of 1.25.

Skechers U.S.A. (NYSE:SKX) last announced its earnings results on Thursday, February 6th. The textile maker reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.08). Skechers U.S.A. had a net margin of 7.13% and a return on equity of 13.81%. As a group, research analysts expect that Skechers U.S.A. will post 4.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SKX. Needham & Company LLC restated a “hold” rating on shares of Skechers U.S.A. in a research note on Friday. Barclays upped their target price on Skechers U.S.A. from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Skechers U.S.A. from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted their target price on shares of Skechers U.S.A. from $72.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Bank of America decreased their price objective on Skechers U.S.A. from $81.00 to $80.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Skechers U.S.A. presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insider Buying and Selling

In related news, COO David Weinberg sold 8,219 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $67.48, for a total value of $554,618.12. Following the completion of the sale, the chief operating officer now owns 122,211 shares of the company’s stock, valued at approximately $8,246,798.28. This represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Michael Greenberg sold 10,274 shares of Skechers U.S.A. stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $67.48, for a total transaction of $693,289.52. Following the transaction, the president now directly owns 149,327 shares in the company, valued at $10,076,585.96. This trade represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.75% of the company’s stock.

About Skechers U.S.A.

Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands.