Skechers U.S.A Insiders Sold US$44m Of Shares Suggesting Hesitancy
Skechers U.S.A Insiders Sold US$44m Of Shares Suggesting Hesitancy
The fact that multiple Skechers U.S.A., Inc. (NYSE:SKX) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
去年多名Skechers U.S.A., Inc. (紐交所:SKX)內部關鍵人員出售了相當數量的股份，這可能會引起投資者的關注。通常在評估公司內部交易時，了解內部人員的買入情況比了解其賣出情況更有利，因爲賣出情況會有很多解釋。然而，如果數名內部人員在特定時間內出售股票，股東應該深入了解。
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
雖然我們認爲股東不應僅僅跟隨內部人士的交易，但邏輯告訴我們，應該注意內部人士是購買還是出售股票。
Skechers U.S.A Insider Transactions Over The Last Year
Skechers U.S.A內部交易過去一年表現
Over the last year, we can see that the biggest insider sale was by the Co-Founder, Michael Greenberg, for US$11m worth of shares, at about US$61.08 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$66.72. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 45% of Michael Greenberg's holding.
去年，我們可以看到共同創始人Michael Greenberg賣出價值1,100萬美元的股票，每股約61.08美元。所以很明顯，一名內部人員想要從中獲利，甚至低於目前的66.72美元/股的價格。一般而言，如果內部人員以低於當前價格的價格出售股票，我們認爲這是令人失望的，因爲這表明他們對更低的估值感到滿意。然而，儘管內部人員的出售有時會讓人失望，但只是一種薄弱的信號。值得注意的是，這次交易僅佔Michael Greenberg持股的45%。
Over the last year we saw more insider selling of Skechers U.S.A shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
過去一年，Skechers U.S.A看到更多內部人員出售股票而不是買入。下圖顯示了過去一年公司和個人的內部交易。單擊下面的圖表，您可以查看每個內部交易的詳細信息！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
Insiders At Skechers U.S.A Have Sold Stock Recently
Skechers U.S.A內部人員最近拋售了股票
The last quarter saw substantial insider selling of Skechers U.S.A shares. Specifically, insiders ditched US$350k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
最近一個季度，共有內部人員拋售了Skechers U.S.A價值350,000美元的股票，而我們並未記錄到任何購買。由於這種情況很難爭辯所有內部人員都認爲股票是便宜的。
Does Skechers U.S.A Boast High Insider Ownership?
Skechers U.S.A內部人員擁有高股權嗎？
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Skechers U.S.A insiders own about US$416m worth of shares (which is 4.1% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
我喜歡查看內部人員在公司中擁有多少股份，以幫助我了解他們與內部人員的利益是否一致。高股權往往使公司領導更加關注股東利益。Skechers U.S.A內部人員擁有約4,1600萬美元的股份，相當於該公司的4.1%。這種內部人員的股權佔比通常會增加該公司以所有股東的利益運行的機會。
So What Does This Data Suggest About Skechers U.S.A Insiders?
那這些數據對Skechers U.S.A內部人員意味着什麼？
Insiders sold Skechers U.S.A shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Skechers U.S.A is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. Of course, the future is what matters most. So if you are interested in Skechers U.S.A, you should check out this free report on analyst forecasts for the company.
內部人員最近拋售了Skechers U.S.A股票，但他們沒有買入任何股票。而我們對內部交易的長期分析也沒有帶來信心。但是，看到Skechers U.S.A盈利增長是好的。看到內部人員擁有高股權是好的，但內部人員的出售讓我們感到謹慎。當然，未來才是最重要的。所以，如果您對Skechers U.S.A感興趣，您應該查看有關該公司的分析師預測的免費報告！
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然，您可能會在其他地方找到一項出色的投資。因此，請查看此免費的有趣公司列表。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關注內容？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？ 對內容感到擔憂？ 請直接與我們聯繫。 或者，發送電子郵件至editorial-team@simplywallst.com。