NYSE:SKX - Skechers USA Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$30.00 +0.65 (+2.21 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$29.35
Today's Range$29.22 - $30.03
52-Week Range$23.80 - $43.08
Volume1.63 million shs
Average Volume3.21 million shs
Market Capitalization$4.66 billion
P/E Ratio16.85
Dividend YieldN/A
Beta0.22
Skechers USA logoSkechers 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 GO 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 brand; and sneakers under Skecher Street brand for millennials, Gen Y's, and young women. In addition, the company offers classic espadrille, and vulcanized and sport footwear under the BOBS from Skechers name; casual, dress, and active styles, as well as boots and accessories for men under the Mark Nason name; technical footwear under the Skechers Performance brand for men and women, as well as under the YOU by Skechers name for women; and boots, shoes, high-tops, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name. Further, it provides men's and women's casuals, such as field boots, hikers, and athletic shoes under the Skechers Work name. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and Internet retailers, as well as through its e-commerce Websites and own retail stores. As of March 1, 2018, it owned and operated 2,570 company-owned and third-party-owned retail stores. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

Receive SKX News and Ratings via Email

Sign-up to receive the latest news and ratings for SKX and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Footwear, except rubber
Sub-IndustryFootwear
SectorConsumer Discretionary
SymbolNYSE:SKX
CUSIP83056610
Phone310-318-3100

Debt

Debt-to-Equity Ratio0.03
Current Ratio3.28
Quick Ratio2.14

Price-To-Earnings

Trailing P/E Ratio16.85
Forward P/E Ratio17.34
P/E Growth1.69

Sales & Book Value

Annual Sales$4.16 billion
Price / Sales1.15
Cash Flow$2.4610 per share
Price / Cash12.19
Book Value$12.46 per share
Price / Book2.41

Profitability

EPS (Most Recent Fiscal Year)$1.78
Net Income$179.19 million
Net Margins4.24%
Return on Equity14.17%
Return on Assets10.15%

Miscellaneous

Employees11,800
Outstanding Shares159,260,000
Market Cap$4.66 billion

Skechers USA (NYSE:SKX) Frequently Asked Questions

What is Skechers USA's stock symbol?

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

When did Skechers USA's stock split? How did Skechers USA's stock split work?

Skechers USA's stock split on the morning of Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly issued shares were issued to shareholders after the closing bell on Thursday, October 15th 2015. An investor that had 100 shares of Skechers USA stock prior to the split would have 300 shares after the split.

How will Skechers USA's stock buyback program work?

Skechers USA announced that its Board of Directors has approved a stock buyback program on Friday, February 9th 2018, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

How were Skechers USA's earnings last quarter?

Skechers USA Inc (NYSE:SKX) posted its earnings results on Thursday, July, 19th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.12. The textile maker earned $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. Skechers USA had a return on equity of 14.17% and a net margin of 4.24%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. View Skechers USA's Earnings History.

When is Skechers USA's next earnings date?

Skechers USA is scheduled to release their next quarterly earnings announcement on Wednesday, October, 17th 2018. View Earnings Estimates for Skechers USA.

What guidance has Skechers USA issued on next quarter's earnings?

Skechers USA issued an update on its third quarter earnings guidance on Thursday, July, 19th. The company provided EPS guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.68. The company issued revenue guidance of $1.2-1.225 billion, compared to the consensus revenue estimate of $1.26 billion.

What price target have analysts set for SKX?

11 brokers have issued 1 year price objectives for Skechers USA's shares. Their forecasts range from $28.00 to $50.00. On average, they expect Skechers USA's share price to reach $36.90 in the next year. This suggests a possible upside of 23.0% from the stock's current price. View Analyst Price Targets for Skechers USA.

What is the consensus analysts' recommendation for Skechers USA?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers USA in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Skechers USA.

What are Wall Street analysts saying about Skechers USA stock?

Here are some recent quotes from research analysts about Skechers USA stock:
  • 1. According to Zacks Investment Research, "Shares of Skechers not only slid but also underperformed the industry in the past three months. The stock came under pressure following the company’s soft second-quarter 2018 results, wherein earnings missed the Zacks Consensus Estimate and fell year over year. Sluggish performance across domestic wholesale and international distributor businesses also hurt the results. Even management’s remark of revival in both units during the second half failed to lift the spirit, which was bogged down further by muted third-quarter earnings view. Nevertheless, we believe that greater emphasis on new line of products, cost containment, inventory management and global distribution bode well. Notably, top line grew and also marginally beat the consensus mark for the seventh time gaining from solid performances at the international wholesale and company-owned global retail businesses. Domestic e-commerce business also continues to gain traction." (7/20/2018)
  • 2. Susquehanna Bancshares Inc analysts commented, "Sales benefits from accelerated investments in recent quarters are materializing right at the time that investment growth is beginning to normalize (JV/China investments normalize), creating a favorable set-up for 2018," (10/20/2017)

Are investors shorting Skechers USA?

Skechers USA saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 11,252,129 shares, an increase of 36.6% from the July 13th total of 8,235,862 shares. Based on an average trading volume of 9,164,004 shares, the days-to-cover ratio is presently 1.2 days. Currently, 8.5% of the shares of the company are short sold. View Skechers USA's Current Options Chain.

Who are some of Skechers USA's key competitors?

Who are Skechers USA's key executives?

Skechers USA's management team includes the folowing people:
  • Mr. Robert Greenberg, Co-Founder, Chairman & CEO (Age 78)
  • Mr. Michael Greenberg, Co-Founder, Pres & Director (Age 55)
  • Mr. John M. Vandemore, Chief Financial Officer (Age 44)
  • Mr. David Weinberg, Exec. VP, COO & Director (Age 67)
  • Mr. Mark Nason, Exec. VP of Product Devel. (Age 56)

Has Skechers USA been receiving favorable news coverage?

News articles about SKX stock have been trending somewhat positive this week, Accern reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Skechers USA earned a coverage optimism score of 0.10 on Accern's scale. They also assigned media stories about the textile maker an impact score of 46.46 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Skechers USA.

Who are Skechers USA's major shareholders?

Skechers USA's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (12.73%), BlackRock Inc. (8.19%), Dimensional Fund Advisors LP (1.28%), Bank of New York Mellon Corp (0.95%), Boston Partners (0.75%) and Point72 Asset Management L.P. (0.74%). Company insiders that own Skechers USA stock include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh. View Institutional Ownership Trends for Skechers USA.

Which major investors are selling Skechers USA stock?

SKX stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Canada Pension Plan Investment Board, Mackay Shields LLC, Capital Fund Management S.A., Assenagon Asset Management S.A., Sei Investments Co., Natixis and Macquarie Group Ltd.. Company insiders that have sold Skechers USA company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh. View Insider Buying and Selling for Skechers USA.

Which major investors are buying Skechers USA stock?

SKX stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Voya Investment Management LLC, Peregrine Capital Management LLC, KBC Group NV, Portolan Capital Management LLC, Hodges Capital Management Inc., Prescott Group Capital Management L.L.C. and Royce & Associates LP. View Insider Buying and Selling for Skechers USA.

How do I buy shares of Skechers USA?

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, Scottrade, Fidelity and Charles Schwab.

What is Skechers USA's stock price today?

One share of SKX stock can currently be purchased for approximately $30.00.

How big of a company is Skechers USA?

Skechers USA has a market capitalization of $4.66 billion and generates $4.16 billion in revenue each year. The textile maker earns $179.19 million in net income (profit) each year or $1.78 on an earnings per share basis. Skechers USA employs 11,800 workers across the globe.

How can I contact Skechers USA?

Skechers USA'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]


MarketBeat Community Rating for Skechers USA (NYSE SKX)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  628 (Vote Outperform)
Underperform Votes:  451 (Vote Underperform)
Total Votes:  1,079
MarketBeat's community ratings are surveys of what our community members think about Skechers USA and other stocks. Vote "Outperform" if you believe SKX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.