Michael Greenberg, President of Skechers USA Inc (SKX, Financial), sold 25,282 shares of the company on March 15, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $61.11 per share, resulting in a total value of $1,544,533.02.
Skechers USA Inc is a global leader in the footwear industry that designs, develops, and markets a diverse range of casual and athletic footwear for men, women, and children. The company offers its products through department and specialty stores, company-owned retail stores, and its e-commerce platform.
Over the past year, the insider has sold a total of 398,185 shares of Skechers USA Inc and has not made any purchases of the stock. The recent sale by Michael Greenberg is part of a series of insider transactions for the company. In the past year, there has been a total of 1 insider buy and 15 insider sells for Skechers USA Inc.
On the valuation front, Skechers USA Inc's shares were trading at $61.11 on the day of the insider's sale, giving the company a market capitalization of $9.336 billion. The price-earnings ratio of the company stands at 17.45, which is lower than the industry median of 19.7 and also below the company's historical median price-earnings ratio.
According to the GuruFocus Value, with a price of $61.11 and a GF Value of $55.68, Skechers USA Inc has a price-to-GF-Value ratio of 1.1, indicating that the stock is Fairly Valued. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
