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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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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.

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.

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).

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.

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.

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."

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 $49.29.

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.

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.