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

9 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 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Skechers U.S.A. stock.
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Skechers U.S.A. is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
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Skechers U.S.A., Inc. (NYSE:SKX) issued its quarterly earnings data on Thursday, July, 22nd. The textile maker reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.36. The textile maker earned $1.66 billion during the quarter, compared to analyst estimates of $1.49 billion. Skechers U.S.A. had a net margin of 6.19% and a trailing twelve-month return on equity of 12.70%. The business's revenue for the quarter was up 127.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.44) EPS.
View Skechers U.S.A.'s earnings history.

Skechers U.S.A.'s stock was trading at $27.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SKX shares have increased by 62.0% and is now trading at $45.22.
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Skechers U.S.A. shares split on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly minted shares were issued to shareholders after the closing bell 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.

Skechers U.S.A. updated its FY 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share guidance of $2.550-$2.650 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.100. The company issued revenue guidance of $6.15 billion-$6.25 billion, compared to the consensus revenue estimate of $5.92 billion.

9 Wall Street analysts have issued 1-year target prices for Skechers U.S.A.'s shares. Their forecasts range from $35.00 to $64.00. On average, they expect Skechers U.S.A.'s share price to reach $55.25 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
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362 employees have rated Skechers U.S.A. CEO Robert Greenberg on Glassdoor.com. Robert Greenberg has an approval rating of 75% among Skechers U.S.A.'s employees.

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).
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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).

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 a number of institutional and retail investors. Top institutional investors include FMR LLC (12.97%), BlackRock Inc. (8.04%), Vanguard Group Inc. (7.91%), ArrowMark Colorado Holdings LLC (4.95%), Massachusetts Financial Services Co. MA (3.69%) and Pzena Investment Management LLC (3.29%). Company insiders that own Skechers U.S.A. stock include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Siskind, Robert Greenberg, Thomas Walsh and Vivek Jetley.
View institutional ownership trends for Skechers U.S.A..

SKX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Alliancebernstein L.P., ArrowMark Colorado Holdings LLC, Massachusetts Financial Services Co. MA, MARSHALL WACE ASIA Ltd, Marshall Wace LLP, FMR LLC, and Boston Partners. Company insiders that have sold Skechers U.S.A. company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Siskind, Robert Greenberg, Thomas Walsh, and Vivek Jetley.
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SKX stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Macquarie Group Ltd., Pzena Investment Management LLC, Goldman Sachs Group Inc., Amundi, Point72 Asset Management L.P., Marshall Wace North America L.P., and Bel Air Investment Advisors LLC.
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Shares of SKX 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 $45.22.

Skechers U.S.A. has a market capitalization of $7.05 billion and generates $4.60 billion in revenue each year. The textile maker earns $98.56 million in net income (profit) each year or $0.65 on an earnings per share basis.

Skechers U.S.A. employs 11,700 workers across the globe.

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

Skechers U.S.A. is headquartered at 228 Manhattan Beach Boulevard, Manhattan Beach CA, 90266.

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].