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Mark A. Nason, the Executive Vice President of Skechers USA Inc . (NYSE:SKX), recently sold a significant portion of his holdings in the company. On February 18, Nason sold 12,046 shares of Class A Common Stock at an average price of $66.08 per share, totaling approximately $796,012. According to InvestingPro data, Skechers maintains a strong financial health score, with liquid assets exceeding short-term obligations and a moderate debt level.
Earlier, on February 14, Nason acquired 17,866 restricted shares of Class A Common Stock. These shares were awarded with a vesting schedule, with one-third of the shares vesting on March 1, 2026, and the remaining shares vesting over the subsequent two years. In addition to these time-based shares, Nason also received a performance-based award of 17,866 shares, which are contingent on meeting specific performance metrics over the next three years. The company currently trades at an attractive P/E ratio of 15.7x, with analysts setting price targets ranging from $65 to $94.
Following these transactions, Nason holds 25,675 shares of Skechers stock directly. For deeper insights into Skechers’ valuation and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Skechers USA reported its fourth-quarter 2024 earnings, which revealed a miss on earnings per share (EPS) expectations. The company posted an EPS of $0.65, falling short of the anticipated $0.74, and revenue slightly missed forecasts, coming in at $2.21 billion against a forecast of $2.22 billion. Despite these shortfalls, Skechers demonstrated strong year-over-year growth with full-year sales increasing by 13% to $9.04 billion and a 26% rise in annual EPS to $4.40. In light of these results, UBS adjusted its price target for Skechers to $90, maintaining a Buy rating, citing the brand’s global reach and product appeal despite foreign exchange headwinds. Meanwhile, Barclays (LON:BARC) also revised its price target for Skechers, reducing it to $77 from $80, while maintaining an Overweight rating, based on anticipated adjustments in the company’s financial performance. Barclays analyst Adrienne Yih noted a decrease in sales forecasts and increased costs impacting margins. These developments reflect the recent analyst assessments and financial outcomes for Skechers.
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