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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SKX shares.
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10 Wall Street research analysts have issued 1-year target prices for Skechers U.S.A.'s shares. Their SKX share price forecasts range from $48.00 to $65.00. On average, they predict the company's share price to reach $56.27 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
View analysts price targets for SKX or view top-rated stocks among Wall Street analysts.

Skechers U.S.A.'s stock was trading at $41.95 at the beginning of 2023. Since then, SKX stock has increased by 21.7% and is now trading at $51.07.
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Skechers U.S.A. saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,130,000 shares, an increase of 32.1% from the April 30th total of 2,370,000 shares. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our SKX earnings forecast.

Skechers U.S.A., Inc. (NYSE:SKX) released its quarterly earnings results on Thursday, April, 27th. The textile maker reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.41. The textile maker earned $2 billion during the quarter, compared to analysts' expectations of $1.84 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 10.72% and a net margin of 5.41%.

ETFs with the largest weight of Skechers U.S.A. (NYSE:SKX) stock in their portfolio include Global X Health & Wellness ETF (BFIT), Innovator IBD Breakout Opportunities ETF (BOUT), Global X Founder-Run Companies ETF (BOSS), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Qraft AI-Enhanced Next Value ETF (NVQ), First Trust Mid Cap Value AlphaDEX Fund (FNK), Invesco S&P MidCap 400 Pure Value ETF (RFV) and iShares S&P Mid-Cap 400 Value ETF (IJJ).

Skechers U.S.A.'s stock split on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly minted 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.

Skechers U.S.A. updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $0.40-$0.50 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $1.85 billion-$1.90 billion, compared to the consensus revenue estimate of $1.98 billion.

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.

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).

Skechers U.S.A. trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKX."

Skechers U.S.A.'s stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (13.01%), BlackRock Inc. (7.39%), Pzena Investment Management LLC (3.99%), State Street Corp (3.07%), ArrowMark Colorado Holdings LLC (2.27%) and Dimensional Fund Advisors LP (2.17%). 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.
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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.
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One share of SKX stock can currently be purchased for approximately $51.07.

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $7.90 billion and generates $7.44 billion in revenue each year. The textile maker earns $373.03 million in net income (profit) each year or $2.63 on an earnings per share basis.

The company employs 15,100 workers across the globe.

Skechers U.S.A.'s mailing address is 228 Manhattan Beach Boulevard, Manhattan Beach CA, 90266. The official website for the company is www.skechers.com. The textile maker can be reached via phone at (310) 318-3100, via email at investors@skechers.com, or via fax at 310-318-5019.