For its third fiscal quarter (ending September 30), Skechers U S A Inc (NYSE: SKX) has reported a 35% increase in E.P.S. from $0.94 a year ago to $1.27 in the current quarter. E.P.S. were $4.11 for the latest four quarters through September 30 versus $3.45 for the same period a year ago — an increase of 19%.
Recent Price Action
Skechers U S A Inc (NYSE: SKX) stock declined slightly by -0.06% on 10/24/24. The stock closed at $61.63. Moreover, this decline was accompanied by unusually high trading volume at 165% of normal. The stock has declined -1.7% during the last week but has been strong relative to the market over the last nine months.
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 62 and a good Power Rating of 80, and the Positive Value Trend Rating results.
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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