On August 27, 2024, President Michael Greenberg of Skechers USA Inc (NYSE:SKX) executed a significant transaction, selling 422,000 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 170,160.258 shares of Skechers USA Inc.
Skechers USA Inc, headquartered in Manhattan Beach, California, is a global leader in the footwear industry. The company designs, develops, and markets a diverse range of lifestyle and performance footwear for men, women, and children.
Over the past year, the insider has sold a total of 912,135 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been 19 insider sells and only 1 insider buy over the last year.
On the day of the sale, shares of Skechers USA Inc were priced at $69.88. This pricing places the company’s market cap at approximately $10.434 billion. The price-earnings ratio of the stock stands at 18.36, which is slightly lower than the industry median of 18.86 and also below the companys historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Skechers USA Inc is currently modestly overvalued with a price-to-GF-Value ratio of 1.19. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors and analysts who track insider behaviors as indicators of a companys future performance and alignment of interests between shareholders and management.
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.
This article first appeared on GuruFocus.
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Publish date : 2024-08-29 18:26:00
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