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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SKX shares.
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11 brokerages have issued twelve-month target prices for Skechers U.S.A.'s shares. Their SKX share price forecasts range from $37.00 to $71.00. On average, they predict the company's share price to reach $53.58 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
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Skechers U.S.A.'s stock was trading at $41.95 at the beginning of the year. Since then, SKX shares have increased by 17.3% and is now trading at $49.22.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Skechers U.S.A. will be holding an earnings conference call on Thursday, February 2nd 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) announced its quarterly earnings data on Thursday, October, 28th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by $0.05. The textile maker had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.62 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 10.03% and a net margin of 9.70%. The business's revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS.

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

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 many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.56%), Vaughan Nelson Investment Management L.P. (0.13%), Congress Asset Management Co. MA (0.10%), New York State Common Retirement Fund (0.09%), Thompson Investment Management Inc. (0.06%) and State of New Jersey Common Pension Fund D (0.05%). Insiders that own company stock include David Weinberg, Jeffrey Greenberg, 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 $49.22.

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $7.63 billion and generates $7.20 billion in revenue each year. The textile maker earns $741.50 million in net income (profit) each year or $4.46 on an earnings per share basis.

The company employs 11,700 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.