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NYSE:SKX

Skechers U.S.A. Stock Forecast, Price & News

$34.49
+0.04 (+0.12 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$34.03
Now: $34.49
$34.62
50-Day Range
$30.16
MA: $32.95
$35.96
52-Week Range
$17.06
Now: $34.49
$44.50
Volume561,781 shs
Average Volume1.95 million shs
Market Capitalization$5.42 billion
P/E Ratio36.69
Dividend YieldN/A
Beta1.08
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand. It also provides lightweight sport athletic lifestyle products, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; casual and sport styles sneakers, and sandals under the Skechers Active and Skechers Sport Active name; flip flops, sandals, and wedges for young women under the Skechers Cali brand; sneakers under Skecher Street brand for millennials and young women; classic espadrille, vulcanized, sport, sandal, and faux fur footwear under the BOBS from Skechers name; and dress, casual, and active styles, as well as boots and accessories for men under the Mark Nason name. The company offers technical footwear under the Skechers Performance brand for men and women; boots, shoes, high-tops, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name; and men's and women's casuals, such as field boots, hikers, and athletic shoes under the Skechers Work name, as well as apparels for men, women, and kids. It operates approximately 3,550 company-owned and third-party-owned retail stores. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and Internet retailers; and through its e-commerce sites, direct-to-consumer, and retail stores. The company was founded in 1992 and is headquartered in Manhattan Beach, California.
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Skechers U.S.A. logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.88 out of 5 stars


Industry, Sector and Symbol

Industry Footwear, except rubber
Sub-IndustryFootwear
CUSIP83056610
Phone310-318-3100
Employees4,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.22 billion
Cash Flow$3.00 per share
Book Value$16.52 per share

Profitability

Net Income$346.56 million

Miscellaneous

Market Cap$5.42 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$34.49
+0.04 (+0.12 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Skechers U.S.A. (NYSE:SKX) Frequently Asked Questions

How has Skechers U.S.A.'s stock price been impacted by COVID-19 (Coronavirus)?

Skechers U.S.A.'s stock was trading at $27.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SKX shares have increased by 23.6% and is now trading at $34.49.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Skechers U.S.A.?

12 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 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Skechers U.S.A.
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Skechers U.S.A.?

Wall Street analysts have given Skechers U.S.A. a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Skechers U.S.A. wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Skechers U.S.A. is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Skechers U.S.A.
.

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

Skechers U.S.A., Inc. (NYSE:SKX) released its earnings results on Thursday, October, 29th. The textile maker reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.18. The textile maker earned $1.30 billion during the quarter, compared to the consensus estimate of $1.21 billion. Skechers U.S.A. had a return on equity of 6.24% and a net margin of 3.08%. The firm's revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share.
View Skechers U.S.A.'s earnings history
.

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

Shares of Skechers U.S.A. split before market open on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly created shares were distributed to shareholders after the market closes on Thursday, October 15th 2015. An investor that had 100 shares of Skechers U.S.A. stock prior to the split would have 300 shares after the split.

What price target have analysts set for SKX?

12 brokers have issued 1 year price objectives for Skechers U.S.A.'s stock. Their forecasts range from $32.00 to $52.00. On average, they anticipate Skechers U.S.A.'s stock price to reach $40.45 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts' price targets for Skechers U.S.A.
.

Are investors shorting Skechers U.S.A.?

Skechers U.S.A. saw a decline in short interest in October. As of October 30th, there was short interest totaling 5,620,000 shares, a decline of 17.1% from the October 15th total of 6,780,000 shares. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is currently 3.5 days. Currently, 4.2% of the company's stock are sold short.
View Skechers U.S.A.'s Short Interest
.

Who are some of Skechers U.S.A.'s key competitors?

Some companies that are related to Skechers U.S.A. include NIKE (NKE), Deckers Outdoor (DECK), Crocs (CROX), Steven Madden (SHOO) and Wolverine World Wide (WWW).
View all competitors
.

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 (CELG), 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 key executives?

Skechers U.S.A.'s management team includes the following people:
  • Mr. Robert Y. Greenberg, Co-Founder, Chairman & CEO (Age 80, Pay $9.8M)
  • Mr. Michael Greenberg, Co-Founder, Pres & Director (Age 57, Pay $7.25M)
  • Mr. John M. Vandemore, Chief Financial Officer (Age 46, Pay $1.5M)
  • Mr. David Weinberg, Exec. VP, COO & Director (Age 69, Pay $4.72M)
  • Mr. Jeffrey Greenberg, Sr. VP of Active Electronic Media & Director (Age 52)
  • Mr. Mark Nason, Exec. VP of Product Devel. (Age 58, Pay $2.79M)
  • Mr. Philip G. Paccione, Exec. VP of Bus. Affairs, Gen. Counsel & Corp. Sec. (Age 58)

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."

Who are Skechers U.S.A.'s major shareholders?

Skechers U.S.A.'s stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.70%), ArrowMark Colorado Holdings LLC (5.10%), State Street Corp (3.18%), Massachusetts Financial Services Co. MA (3.01%), Boston Partners (0.92%) and Charles Schwab Investment Management Inc. (0.64%). Company insiders that own Skechers U.S.A. stock include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh.
View institutional ownership trends for Skechers U.S.A.
.

Which institutional investors are selling Skechers U.S.A. stock?

SKX stock was sold by a variety of institutional investors in the last quarter, including Samlyn Capital LLC, International Value Advisers LLC, AQR Capital Management LLC, Victory Capital Management Inc., Point72 Asset Management L.P., X Square Capital LLC, Boston Partners, and Lord Abbett & CO. LLC. Company insiders that have sold Skechers U.S.A. company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Phillip Paccione, and Robert Greenberg.
View insider buying and selling activity for Skechers U.S.A.
.

Which institutional investors are buying Skechers U.S.A. stock?

SKX stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Federated Hermes Inc., Scopus Asset Management L.P., Morgan Stanley, JPMorgan Chase & Co., Te Ahumairangi Investment Management Ltd, State Street Corp, and Letko Brosseau & Associates Inc..
View insider buying and selling activity for Skechers U.S.A.
.

How do I buy shares of Skechers U.S.A.?

Shares of SKX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of SKX stock can currently be purchased for approximately $34.49.

How big of a company is Skechers U.S.A.?

Skechers U.S.A. has a market capitalization of $5.42 billion and generates $5.22 billion in revenue each year. The textile maker earns $346.56 million in net income (profit) each year or $2.25 on an earnings per share basis. Skechers U.S.A. employs 4,000 workers across the globe.

What is Skechers U.S.A.'s official website?

The official website for Skechers U.S.A. is www.skechers.com.

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 textile maker can be reached via phone at 310-318-3100 or via email at [email protected]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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