Skechers U.S.A., Inc. (NYSE:SKX) registered a -2.59% decrease, still its new closing price is 25.78% up from the company’s 1 year high of 34.27.It posted -5.28% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 11 stock analysts following this company have an average price target at $27.11, with individual PT in the $23.00-$31.00 range. The shares moved at $23.66, implying that brokerage firms see shares losing about -18.78% in twelve months time.

Skechers U.S.A., Inc. (SKX) SEC Form 4 News

The stock is getting much attention these days as insiders are offloading shares while they posted a -3.74% fall year to date. A Director at Skechers U.S.A., Inc. (SKX) offloaded shares in a transaction closed on Friday December 23, 2016. RAPPAPORT RICHARD sold 1,000 shares in the company at $24.45 each and collected $24,000 in proceeds. RAPPAPORT RICHARD now owns 29,000 shares in the company after this transaction. A Director in the company, RAPPAPORT RICHARD, disclosed a transaction on Monday December 05, 2016 that ended up generating $26,000 from the sale of 1,000 shares at $26.13 per share.

Skechers U.S.A., Inc. (NYSE:SKX) Upcoming Results on Tap

Skechers U.S.A., Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.49 in that period. Sales during the quarter are predicted to arrive at $1.04 billion.

Earnings surprise history: Last quarter, the company posted approximately $942.42 million in revenue and EPS of $0.42. The mean forecast was for $954.38 million and $0.46 a share, respectively. One quarter earlier, revenue for the stock was at $877.81 million, with earnings at $0.50/share.

Skechers U.S.A., Inc. (SKX) Brokerage Update

Skechers U.S.A., Inc. (SKX) is in Monness Crespi & Hardt’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Monness Crespi & Hardt, according to news reported on Friday December 23, 2016.Another important research note was issued by Buckingham Research on Thursday December 01, 2016.The firm upgraded SKX to Buy from Neutral. Over the last six months and over the last three months, the shares of Skechers U.S.A., Inc. (SKX), have changed 0.60% and 14.19%, respectively.