Skechers Executive Sells Over 15,000 Shares for Nearly $620,000

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Skechers ($NYSE:SKX) U.S.A. Inc. is an American footwear company based in Manhattan Beach, California. This represents a significant financial move for the company. Skechers stock has been volatile in recent years, so this move could be seen as a vote of confidence by the executive.

Price History

So far, media exposure for Skechers USA has been mostly positive. On Friday, the company’s stock opened at $33.8 and closed at $34.9, up by 3.2% from its previous closing price of $33.8. This increase indicates that investors are confident in the company’s future prospects. Skechers USA is one of the leading footwear brands in the world.

The company designs, develops, and markets a range of lifestyle and performance footwear for men, women, and children. Skechers USA has a strong presence in the United States, as well as in international markets.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on SKECHERS USA are made simple by VI app. VI Star Chart shows that SKECHERS USA has a high health score of 8/10 considering its cashflows and debt, is capable to pay off debt and fund future operations. SKECHERS USA is strong in asset, growth, profitability, and weak in dividend.

SKECHERS USA is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. What type of investors may interested in such company?

VI Peers

In the world of sneakers and athletic footwear, there is stiff competition between brands. One such rivalry is between Skechers USA Inc and its competitors Shui-Mu International Co Ltd, adidas AG, and 361 Degrees International Ltd. While each company has its own unique selling points, they all vie for a share of the athletic footwear market.

– Shui-Mu International Co Ltd ($TWSE:8443)

Shui-Mu International Co Ltd is a company that operates in the real estate industry. The company has a market cap of 718.1M as of 2022 and a return on equity of -11.44%. The company’s main business activities include the development, investment, management and operation of real estate projects.

– adidas AG ($OTCPK:ADDDF)

adidas AG is a publicly traded company with a market capitalization of 18.54 billion as of 2022. The company has a return on equity of 16.07%. adidas AG is a multinational corporation that designs and manufactures sports clothing and accessories. The company is headquartered in Herzogenaurach, Germany.

– 361 Degrees International Ltd ($SEHK:01361)

Degrees International Ltd, a leading provider of online education services, has a market cap of 7.07B as of 2022. The company’s return on equity is 9.66%. Degrees International Ltd offers a wide range of online courses and programs that cater to the needs of a diverse range of learners. The company’s mission is to provide quality education that is accessible and affordable to all.

Summary

If you’re looking for a footwear company with global reach, Skechers USA is a good option to consider. And it’s not just shoes – the company also offers apparel and accessories. The company’s products are available in a variety of retailers, including department stores, sporting goods stores, and independent shoe stores. The company has a long history of strong financial performance.

Looking ahead, Skechers is well positioned for continued growth. If you’re looking for a footwear stock that you can buy and hold for the long term, Skechers is worth considering.