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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last year. There are currently 1 hold rating 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?

11 analysts have issued 12 month price targets for Skechers U.S.A.'s stock. Their SKX share price targets range from $49.00 to $68.00. On average, they expect the company's share price to reach $60.45 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts price targets for SKX or view top-rated stocks among Wall Street analysts .

How have SKX shares performed in 2023?

Skechers U.S.A.'s stock was trading at $41.95 at the beginning of 2023. Since then, SKX stock has increased by 41.0% and is now trading at $59.15. View the best growth stocks for 2023 here .

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 31st 2024. View our SKX earnings forecast .

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

Skechers U.S.A., Inc. (NYSE:SKX) announced its earnings results on Thursday, October, 26th. The textile maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.15. The textile maker had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 13.02% and a net margin of 6.75%. The company's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.

What ETFs hold Skechers U.S.A.'s stock?

ETFs with the largest weight of Skechers U.S.A. (NYSE:SKX) stock in their portfolio include Global X Health & Wellness ETF (BFIT) , First Trust Consumer Discretionary AlphaDEX Fund (FXD) , Qraft AI-Enhanced Next Value ETF (NVQ) , iShares S&P Mid-Cap 400 Value ETF (IJJ) , Vanguard S&P Mid-Cap 400 Value ETF (IVOV) , SPDR S&P 400 Mid Cap Value ETF (MDYV) , Global X Millennial Consumer ETF (MILN) and Natixis Vaughan Nelson Mid Cap ETF (VNMC) .

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

Shares of Skechers U.S.A. split on the morning of Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly issued shares were distributed 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. updated its fourth quarter earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $0.40-0.50 for the period, compared to the consensus estimate of $0.63. The company issued revenue guidance of $1.91-2.01 billion, compared to the consensus revenue estimate of $2.09 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 shareholders include FMR LLC (13.02%), Massachusetts Financial Services Co. MA (3.08%), Pzena Investment Management LLC (1.79%), Bank of New York Mellon Corp (1.17%), AQR Capital Management LLC (0.85%) and Charles Schwab Investment Management Inc. (0.81%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Top-Rated StocksTop-Rated

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

$59.15

+0.24 (+0.41%)

(As of 12/1/2023 08:55 PM ET)

Compare

Today's Range: $58.17
▼
$59.30
50-Day Range: $46.13
▼
$59.15
52-Week Range: $40.25
▼
$59.30

Volume: 2.12 million shs
Average Volume: 1.86 million shs
Market Capitalization: $9.11 billion

P/E Ratio: 17.35
Dividend Yield: N/A
Price Target: $60.45

Skechers U.S.A. MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.91 Rating Score
Upside/Downside: 2.2% Upside
$60.45 Price Target
Short Interest: Healthy
3.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.68
Upright™ Environmental Score
News Sentiment: 0.42
Based on 15 Articles This Week
Insider Trading: Selling Shares
$11.98 M Sold Last Quarter
Proj. Earnings Growth: 15.99%
From $3.44 to $3.99 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Consumer Discretionary Sector

56th out of 266 stocks

Footwear, Except Rubber Industry

1st out of 5 stocks

1.5

Analyst's Opinion

Consensus Rating
Skechers U.S.A. has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $60.45, Skechers U.S.A. has a forecasted upside of 2.2% from its current price of $59.15.
Amount of Analyst Coverage
Skechers U.S.A. has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.48% of the float of Skechers U.S.A. has been sold short.
Short Interest Ratio / Days to Cover
Skechers U.S.A. has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Skechers U.S.A. has recently increased by 10.24%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Skechers U.S.A. does not currently pay a dividend.
Dividend Growth
Skechers U.S.A. does not have a long track record of dividend growth.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Skechers U.S.A. has received a -34.10% net impact score from Upright. The largest negative impact of Skechers Usa in category "GHG emissions" seems to be driven mostly by its "Online retail of clothing for babies and children", "Bras", "Men's boxers and briefs", "Women's panties", "Socks", and "Shirts" products. See details.
Environmental Sustainability
The Environmental Impact score for Skechers U.S.A. is -3.68.

2.5

News and Social Media Coverage

News Sentiment
Skechers U.S.A. has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Skechers U.S.A. this week, compared to 7 articles on an average week.
Search Interest
Only 12 people have searched for SKX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
12 people have added Skechers U.S.A. to their MarketBeat watchlist in the last 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Skechers U.S.A. insiders have sold 4,796.72% more of their company's stock than they have bought. Specifically, they have bought $244,657.00 in company stock and sold $11,980,164.00 in company stock.
Percentage Held by Insiders
24.79% of the stock of Skechers U.S.A. is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
80.54% of the stock of Skechers U.S.A. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Skechers U.S.A. are expected to grow by 15.99% in the coming year, from $3.44 to $3.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Skechers U.S.A. is 17.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Skechers U.S.A. is 17.35, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.60.
Price to Earnings Growth Ratio
Skechers U.S.A. has a PEG Ratio of 0.63. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Skechers U.S.A. has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 two segments, Wholesale and Direct-to-Consumer. It offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Foamies, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the S-Lights, Skech-Air, Foamies, Twinkle Toes, Skechers Stretch Fit, and Skechers Street brands; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands, as well as Skechers Viper Court for pickleball. The company also provides men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids. The company 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. It also licenses its Skechers brand. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.

SKX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SKX Stock News Headlines

December 2, 2023 | finance.yahoo.com

Insider Sell: Skechers USA Inc's President Michael Greenberg Sells 103,000 Shares

December 2, 2023 | americanbankingnews.com

Robert Greenberg Sells 100,000 Shares of Skechers U.S.A., Inc. (NYSE:SKX) Stock

December 4, 2023 | DTI Trader (Ad)

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December 1, 2023 | benzinga.com

Insider Unloading: ROBERT GREENBERG Sells $11.75M Worth Of Skechers USA Shares

December 1, 2023 | americanbankingnews.com

Skechers U.S.A. (NYSE:SKX) vs. Birkenstock (NYSE:BIRK) Financial Survey

November 30, 2023 | finance.yahoo.com

Solid Expansion Efforts Aid Planet Fitness (PLNT), High Costs Ail (Revised)

November 30, 2023 | americanbankingnews.com

Wedbush Increases Skechers U.S.A. (NYSE:SKX) Price Target to $62.00

November 29, 2023 | finance.yahoo.com

PowerSchool (PWSC) Joins AMISA, Fortifies PowerPartner Program

December 4, 2023 | DTI Trader (Ad)

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November 28, 2023 | finance.yahoo.com

Skechers U.S.A., Inc. (SKX) Soars to 52-Week High, Time to Cash Out?

November 26, 2023 | benzinga.com

Skechers USA Stock (NYSE:SKX) Dividends: History, Yield and Dates

November 23, 2023 | finance.yahoo.com

Deckers (DECK) Marches Ahead of Its Industry: Here's Why

November 21, 2023 | finance.yahoo.com

Marriott (MAR) Boosts Luxury Collection Line-up in Georgia

November 16, 2023 | markets.businessinsider.com

Skechers To "Vigorously Defend" Nike's Patent Infringement Lawsuit

November 14, 2023 | finance.yahoo.com

Director Katherine Blair's Strategic Stake Increase in Skechers USA Inc

November 13, 2023 | finance.yahoo.com

Zacks Value Trader Highlights: Wells Fargo, Toll Brothers, Skechers, JD.com and PagSeguro Digital

November 7, 2023 | msn.com

Nike sues New Balance, Skechers for patent infringement

November 7, 2023 | msn.com

Sneaker Showdown - Nike Targets New Balance And Skechers In Patent Suit: Report

November 6, 2023 | ca.finance.yahoo.com

Nike sues New Balance, Skechers for patent infringement over sneaker technology

November 6, 2023 | finance.yahoo.com

UPDATE 1-Nike sues New Balance, Skechers for patent infringement over sneaker technology

November 3, 2023 | finance.yahoo.com

Snap-on (SNA) Rewards Investors With 14.8% Dividend Hike

November 2, 2023 | finance.yahoo.com

Skechers President Michael Greenberg Named Person of the Year by Footwear News

November 1, 2023 | finance.yahoo.com

Skechers U.S.A (NYSE:SKX) shareholders have earned a 9.8% CAGR over the last five years

November 1, 2023 | finance.yahoo.com

Skechers Pier to Pier Friendship Walk Celebrates 15th Anniversary With More Than $3 Million Raised for Kids

November 1, 2023 | finance.yahoo.com

This Underappreciated Athletic Company Is Giving Nike a Run for Its Money. Time to Buy the Stock?

October 31, 2023 | finance.yahoo.com

Here's Why Skechers (SKX) is a Strong Value Stock

October 31, 2023 | seekingalpha.com

Skechers: Impressive Quarterly Results Make Us Buyers

See More Headlines

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Company Calendar

Last Earnings: 10/26/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Footwear, except rubber
Sub-Industry: Footwear
Sector: Consumer Discretionary
Current Symbol: NYSE:SKX
CUSIP: 83056610
CIK: 1065837
Web: www.skechers.com
Phone: (310) 318-3100
Fax: 310-318-5019
Employees: 15,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $60.45
High Stock Price Target: $68.00
Low Stock Price Target: $49.00
Potential Upside/Downside: +2.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.91
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.41
Trailing P/E Ratio: 17.35
Forward P/E Ratio: 17.19
P/E Growth: 0.63
Net Income: $373.03 million
Net Margins: 6.75%
Pretax Margin: 9.63%
Return on Equity: 13.02%
Return on Assets: 7.55%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 2.52
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $7.44 billion
Price / Sales: 1.22
Cash Flow: $3.40 per share
Price / Cash Flow: 17.42
Book Value: $27.95 per share
Price / Book: 2.12

Miscellaneous

Outstanding Shares: 153,980,000
Free Float: 115,809,000
Market Cap: $9.11 billion
Optionable: Optionable
Beta: 1.41

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Key Executives

Key Competitors

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Insiders & Institutions

View All Insider Transactions
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SKX Stock Analysis - Frequently Asked Questions

Should I buy or sell Skechers U.S.A. stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last year. There are currently 1 hold rating 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?: 11 analysts have issued 12 month price targets for Skechers U.S.A.'s stock. Their SKX share price targets range from $49.00 to $68.00. On average, they expect the company's share price to reach $60.45 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for SKX or view top-rated stocks among Wall Street analysts.
How have SKX shares performed in 2023?: Skechers U.S.A.'s stock was trading at $41.95 at the beginning of 2023. Since then, SKX stock has increased by 41.0% and is now trading at $59.15.
View the best growth stocks for 2023 here.
When is Skechers U.S.A.'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 31st 2024.
View our SKX earnings forecast.
How were Skechers U.S.A.'s earnings last quarter?: Skechers U.S.A., Inc. (NYSE:SKX) announced its earnings results on Thursday, October, 26th. The textile maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.15. The textile maker had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.03 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 13.02% and a net margin of 6.75%. The company's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.
What ETFs hold Skechers U.S.A.'s stock?: ETFs with the largest weight of Skechers U.S.A. (NYSE:SKX) stock in their portfolio include Global X Health & Wellness ETF (BFIT), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Qraft AI-Enhanced Next Value ETF (NVQ), iShares S&P Mid-Cap 400 Value ETF (IJJ), Vanguard S&P Mid-Cap 400 Value ETF (IVOV), SPDR S&P 400 Mid Cap Value ETF (MDYV), Global X Millennial Consumer ETF (MILN) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

When did Skechers U.S.A.'s stock split?: Shares of Skechers U.S.A. split on the morning of Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly issued shares were distributed 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. updated its fourth quarter earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $0.40-0.50 for the period, compared to the consensus estimate of $0.63. The company issued revenue guidance of $1.91-2.01 billion, compared to the consensus revenue estimate of $2.09 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 shareholders include FMR LLC (13.02%), Massachusetts Financial Services Co. MA (3.08%), Pzena Investment Management LLC (1.79%), Bank of New York Mellon Corp (1.17%), AQR Capital Management LLC (0.85%) and Charles Schwab Investment Management Inc. (0.81%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SKX) was last updated on 12/4/2023 by MarketBeat.com Staff

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

Skechers U.S.A. MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

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

SKX Stock Price History

SKX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SKX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™