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

$48.95
+1.09 (+2.28%)
(As of 09/29/2023 ET)
Compare
Today's Range
$48.91
$50.62
50-Day Range
$47.01
$56.11
52-Week Range
$31.28
$56.53
Volume
2.33 million shs
Average Volume
1.84 million shs
Market Capitalization
$7.58 billion
P/E Ratio
16.16
Dividend Yield
N/A
Price Target
$59.33

Skechers U.S.A. MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
21.2% Upside
$59.33 Price Target
Short Interest
Healthy
3.92% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.68
Upright™ Environmental Score
News Sentiment
0.72mentions of Skechers U.S.A. in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.81%
From $3.39 to $3.96 Per Share

Overall MarketRank

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

2.94 out of 5 stars

Consumer Discretionary Sector

25th out of 278 stocks

Footwear, Except Rubber Industry

2nd out of 5 stocks


SKX stock logo

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

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 Price History

SKX Stock News Headlines

On Holding Gets Back Into the Race After Gapping Down (SKX)
Wall Street maintains an optimistic outlook for On Holding, predicting double-digit earnings growth. The company recently raised its full-year sales guidance
3 Stocks with Exposure to the Multibillion Dollar Pickleball Boom (SKX)
These three companies have significant exposure to a pickleball-related market that is forecast to grow 10% annually and reach $2.3 billion by 2028.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
3 Undervalued Mid-Cap Stocks to Buy in August (SKX)
Mid-cap stocks historically start to recover before the broader economy here are three undervalued mid-cap stocks that offer strong growth potential
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
How Stable Is NIKE (NKE) Stock?
Skechers U.S.A. (NYSE:SKX) Upgraded to "Overweight" by Piper Sandler
7 Analysts Have This to Say About Skechers USA
Skechers Performance Football Boots Now Available
Hyatt (H) on Expansion Spree, Strengthens Presence in Panama
Skechers: Good Near-Term And Long-Term Growth Prospects
See More Headlines
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SKX Company Calendar

Last Earnings
7/27/2023
Today
9/29/2023
Next Earnings (Confirmed)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Footwear
CUSIP
83056610
Employees
15,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$59.33
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+20.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$373.03 million
Pretax Margin
8.64%

Debt

Sales & Book Value

Annual Sales
$7.44 billion
Cash Flow
$3.56 per share
Book Value
$24.96 per share

Miscellaneous

Free Float
116,390,000
Market Cap
$7.63 billion
Optionable
Optionable
Beta
1.33
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Key Executives

  • Mr. Robert Y. GreenbergMr. Robert Y. Greenberg (Age 83)
    Co-Founder, Chairman & CEO
    Comp: $15.08M
  • Mr. Michael GreenbergMr. Michael Greenberg (Age 60)
    Co-Founder, Pres & Director
    Comp: $9.67M
  • Mr. John M. VandemoreMr. John M. Vandemore (Age 49)
    Chief Financial Officer
    Comp: $3.21M
  • Mr. David WeinbergMr. David Weinberg (Age 72)
    Exec. VP, COO & Director
    Comp: $7.14M
  • Mr. Mark Nason (Age 61)
    Exec. VP of Product Devel.
    Comp: $3.92M
  • Mr. Philip G. PaccioneMr. Philip G. Paccione (Age 61)
    Exec. VP of Bus. Affairs, Gen. Counsel & Corp. Sec.
  • Mr. Pete Calichman
    Sr. VP of Domestic Sales













SKX Stock - Frequently Asked Questions

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

11 equities research analysts have issued 12-month target prices for Skechers U.S.A.'s shares. Their SKX share price forecasts range from $49.00 to $68.00. On average, they anticipate the company's share price to reach $59.33 in the next year. This suggests a possible upside of 20.4% 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 start of the year. Since then, SKX stock has increased by 17.5% and is now trading at $49.29.
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 Thursday, October 26th 2023.
View our SKX earnings forecast
.

How can I listen to Skechers U.S.A.'s earnings call?

Skechers U.S.A. will be holding an earnings conference call on Thursday, October 26th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

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

Skechers U.S.A., Inc. (NYSE:SKX) released its earnings results on Thursday, July, 27th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.46. The textile maker earned $2.01 billion during the quarter, compared to analysts' expectations of $1.92 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 11.97% and a net margin of 6.11%. Skechers U.S.A.'s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS.

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

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 market closes 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 third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $0.70-$0.75 for the period, compared to the consensus estimate of $0.93. The company issued revenue guidance of $1.95 billion-$2.00 billion, compared to the consensus revenue estimate of $2.07 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).

What is Skechers U.S.A.'s stock symbol?

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

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.

What is Skechers U.S.A.'s stock price today?

One share of SKX stock can currently be purchased for approximately $49.29.

How much money does Skechers U.S.A. make?

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $7.63 billion and generates $7.44 billion in revenue each year. The textile maker earns $373.03 million in net income (profit) each year or $3.03 on an earnings per share basis.

How many employees does Skechers U.S.A. have?

The company employs 15,100 workers across the globe.

How can I contact Skechers U.S.A.?

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.

This page (NYSE:SKX) was last updated on 9/29/2023 by MarketBeat.com Staff

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