NYSE:SKX

Skechers U.S.A. (SKX) Stock Price, News & Analysis

$67.10
+1.03 (+1.56%)
(As of 05/3/2024 ET)
Today's Range
$65.98
$67.25
50-Day Range
$56.17
$67.11
52-Week Range
$45.58
$69.07
Volume
1.71 million shs
Average Volume
2.15 million shs
Market Capitalization
$10.29 billion
P/E Ratio
17.66
Dividend Yield
N/A
Price Target
$66.83

Skechers U.S.A. MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
0.4% Downside
$66.83 Price Target
Short Interest
Healthy
2.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.68
Upright™ Environmental Score
News Sentiment
0.54mentions of Skechers U.S.A. in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$15.02 M Sold Last Quarter
Proj. Earnings Growth
11.79%
From $4.07 to $4.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.96 out of 5 stars

Consumer Discretionary Sector

499th out of 1,620 stocks

Footwear, Except Rubber Industry

7th out of 36 stocks

SKX stock logo

About Skechers U.S.A. Stock (NYSE:SKX)

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands. In addition, the company provides men's and women's slip-resistant and safety-toe casuals, and boots for protective footwear in their work environments. It sells its products through department stores, family shoe stores, specialty running and sporting goods retailers, and big box club stores; franchisee and licensee third-party store operators; company-owned retail stores; digital commerce sites and mobile applications; and concept, factory outlet, and big box stores. The company licenses its Skechers brand. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.

SKX Stock Price History

SKX Stock News Headlines

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Stifel Nicolaus Reaffirms Their Buy Rating on Skechers USA (SKX)
Why Are Skechers Shares Soaring Today?
Why Skechers (SKX) Stock Is Trading Up Today
Q1 2024 Skechers USA Inc Earnings Call
The 25 Best Sportswear Brands in the World
Skechers: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Today
5/04/2024
Next Earnings (Estimated)
5/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Footwear
CUSIP
83056610
Employees
17,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$66.83
High Stock Price Target
$76.00
Low Stock Price Target
$49.00
Potential Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$545.80 million
Pretax Margin
10.47%

Debt

Sales & Book Value

Annual Sales
$8.00 billion
Cash Flow
$4.83 per share
Book Value
$29.71 per share

Miscellaneous

Free Float
115,340,000
Market Cap
$10.29 billion
Optionable
Optionable
Beta
1.29
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SKX Stock Analysis - Frequently Asked Questions

Should I buy or sell Skechers U.S.A. stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SKX shares.
View SKX analyst ratings
or view top-rated stocks.

What is Skechers U.S.A.'s stock price target for 2024?

12 brokerages have issued 12-month price targets for Skechers U.S.A.'s shares. Their SKX share price targets range from $49.00 to $76.00. On average, they predict the company's stock price to reach $66.83 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for SKX
or view top-rated stocks among Wall Street analysts.

How have SKX shares performed in 2024?

Skechers U.S.A.'s stock was trading at $62.34 at the start of the year. Since then, SKX shares have increased by 7.6% and is now trading at $67.10.
View the best growth stocks for 2024 here
.

Are investors shorting Skechers U.S.A.?

Skechers U.S.A. saw a increase in short interest in April. As of April 15th, there was short interest totaling 3,030,000 shares, an increase of 21.2% from the March 31st total of 2,500,000 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.3% of the company's stock are short sold.
View Skechers U.S.A.'s Short Interest
.

When is Skechers U.S.A.'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our SKX earnings forecast
.

How were Skechers U.S.A.'s earnings last quarter?

Skechers U.S.A., Inc. (NYSE:SKX) released its earnings results on Thursday, April, 25th. The textile maker reported $1.33 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. The textile maker earned $2.25 billion during the quarter, compared to analysts' expectations of $2.20 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 13.56% and a net margin of 7.17%. Skechers U.S.A.'s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS.

When did Skechers U.S.A.'s stock split?

Skechers U.S.A. shares split before market open on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly created shares were payable to shareholders after the closing bell on Thursday, October 15th 2015. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What guidance has Skechers U.S.A. issued on next quarter's earnings?

Skechers U.S.A. issued an update on its second quarter 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of 0.850-0.900 for the period, compared to the consensus estimate of 1.080. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.

What is Robert Greenberg's approval rating as Skechers U.S.A.'s CEO?

362 employees have rated Skechers U.S.A. Chief Executive Officer Robert Greenberg on Glassdoor.com. Robert Greenberg has an approval rating of 75% among the company's employees.

What other stocks do shareholders of Skechers U.S.A. own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Skechers U.S.A. investors own include Akorn (AKRX), Integrated Device Technology (IDTI), Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Gilead Sciences (GILD), Starbucks (SBUX) and Intel (INTC).

Who are Skechers U.S.A.'s major shareholders?

Skechers U.S.A.'s stock is owned by a variety of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.80%), Principal Financial Group Inc. (0.33%), Cookson Peirce & Co. Inc. (0.14%), New York State Teachers Retirement System (0.12%), Retirement Systems of Alabama (0.11%) and Coronation Fund Managers Ltd. (0.11%). Insiders that own company stock include David Weinberg, Jeffrey Greenberg, John M Vandemore, Katherine J Blair, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Siskind, Robert Greenberg, Thomas Walsh and Vivek Jetley.
View institutional ownership trends
.

How do I buy shares of Skechers U.S.A.?

Shares of SKX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SKX) was last updated on 5/4/2024 by MarketBeat.com Staff

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