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MANHATTAN BEACH, Calif.—John Vandemore, the Chief Financial Officer of Skechers USA Inc . (NYSE:SKX), recently sold shares of the company. According to a filing with the Securities and Exchange Commission, Vandemore sold 5,112 shares of Class A Common Stock on March 3, 2025, at an average price of $60.76 per share, totaling approximately $310,605. The transaction comes as Skechers, currently valued at $9.1 billion, trades near its 52-week low of $55.67, with the stock down about 13% year-to-date according to InvestingPro data.
Following this transaction, Vandemore holds 83,328 shares of Skechers. This sale comes after a previous transaction on March 1, 2025, where Vandemore disposed of 16,161 shares at $60.99 each, a move that was not for sale purposes but rather for other financial management reasons. Despite recent stock performance, InvestingPro analysis indicates the company maintains strong fundamentals with a healthy current ratio of 1.97 and operates with moderate debt levels. For deeper insights into Skechers’ valuation and financial health, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
These activities are part of Vandemore’s ongoing management of his holdings in the company, reflecting typical executive stock transactions. The company remains profitable with a P/E ratio of 14 and has shown solid revenue growth of 12.1% over the last twelve months.
In other recent news, Skechers USA reported its fourth-quarter 2024 earnings, revealing a miss on earnings per share (EPS) expectations, with an EPS of $0.65, falling short of the anticipated $0.74. Revenue also came in slightly below forecasts at $2.21 billion, compared to the expected $2.22 billion. Despite these quarterly results, Skechers achieved a 13% growth in full-year sales, reaching $9.04 billion, and a 26% increase in annual EPS, standing at $4.40. Looking forward, Skechers projects 2025 sales between $9.7 billion and $9.8 billion, with an expected EPS range of $4.30 to $4.50.
In other developments, Barclays (LON:BARC) analyst Adrienne Yih reduced the price target for Skechers shares from $80 to $77, maintaining an Overweight rating. This revision is based on anticipated adjustments to the company’s financial performance, including a decrease in sales forecasts and increased costs. UBS also adjusted its price target for Skechers, reducing it from $92 to $90, while maintaining a Buy rating. UBS analysts highlighted the company’s strong global market presence and expressed confidence in its future growth potential, despite foreign exchange headwinds. These recent developments reflect the challenges and opportunities Skechers faces in the current economic climate.
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