For its first fiscal quarter (ending March 31), Skechers U S A Inc (NYSE: SKX) has reported E.P.S. of $1.35 compared to $1.03 a year ago. E.P.S. were $3.85 for the latest four quarters through March 31 versus $2.65 for the same period a year ago.
Recent Price Action
Skechers U S A Inc (NYSE: SKX) stock declined slightly by -0.6% on 4/25/24. The stock closed at $58.82. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
SKX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SkechersUS A has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. SkechersUS A has a slightly positive Appreciation Score of 61 and a good Power Rating of 74, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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