Skechers U.S.A., Inc. (NYSE:SKX) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Skechers U.S.A., Inc. has received an average recommendation of "Hold" from analysts, with nine hold ratings, five buy ratings, and one strong buy rating among the fifteen firms covering the stock.
• The current 12-month target price for Skechers U.S.A. among brokerages is $66.46, reflecting investor expectations for future performance.
• The company reported a revenue increase of 13.1% year-over-year, with earnings per share of $1.13, surpassing analysts' estimates by $0.27.

Skechers U.S.A., Inc. (NYSE:SKX - Get Free Report) has received a consensus recommendation of "Hold" from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.4615.

A number of equities analysts have recently commented on SKX shares. Argus cut Skechers U.S.A. from a "buy" rating to a "hold" rating and set a $63.00 target price for the company. in a report on Tuesday, August 26th. Zacks Research raised Skechers U.S.A. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. TD Cowen lowered Skechers U.S.A. from a "buy" rating to a "hold" rating and set a $63.00 price target for the company. in a research report on Wednesday, May 28th. Wall Street Zen raised Skechers U.S.A. to a "hold" rating in a research report on Saturday, August 30th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skechers U.S.A. in a research note on Wednesday, August 27th.

Skechers U.S.A. Stock Performance

Shares of NYSE:SKX opened at $63.13 on Tuesday. The stock's 50-day simple moving average is $63.10 and its two-hundred day simple moving average is $59.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 2.09. Skechers U.S.A. has a 52-week low of $44.50 and a 52-week high of $78.85. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 14.41 and a beta of 1.19.

Skechers U.S.A. (NYSE:SKX - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The textile maker reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. Skechers U.S.A. had a return on equity of 13.44% and a net margin of 7.07%.The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Analysts expect that Skechers U.S.A. will post 4.47 EPS for the current year.

Institutional Trading of Skechers U.S.A.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new position in Skechers U.S.A. during the first quarter worth approximately $26,000. Hantz Financial Services Inc. boosted its position in Skechers U.S.A. by 297.5% during the second quarter. Hantz Financial Services Inc. now owns 477 shares of the textile maker's stock worth $30,000 after purchasing an additional 357 shares in the last quarter. Investment Management Corp VA ADV purchased a new position in Skechers U.S.A. during the fourth quarter worth approximately $32,000. Parallel Advisors LLC lifted its position in shares of Skechers U.S.A. by 183.0% in the first quarter. Parallel Advisors LLC now owns 617 shares of the textile maker's stock valued at $35,000 after acquiring an additional 399 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Skechers U.S.A. in the first quarter valued at approximately $35,000. 79.96% of the stock is owned by institutional investors and hedge funds.

Skechers U.S.A. Company Profile

Skechers U.SA, 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.

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