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NYSE:SKX

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

$39.49
-0.83 (-2.06%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$39.29
▼
$40.20
50-Day Range
$35.29
▼
$41.54
52-Week Range
$33.50
▼
$51.74
Volume
845,172 shs
Average Volume
1.46 million shs
Market Capitalization
$6.16 billion
P/E Ratio
8.64
Dividend Yield
N/A
Price Target
$51.89

Skechers U.S.A. MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
31.4% Upside
$51.89 Price Target
Short Interest
Healthy
3.49% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.68
Upright™ Environmental Score
News Sentiment
-0.03mentions of Skechers U.S.A. in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$618,407 Sold Last Quarter
Proj. Earnings Growth
25.38%
From $2.64 to $3.31 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.04 out of 5 stars

Consumer Discretionary Sector

17th out of 289 stocks

Footwear, Except Rubber Industry

2nd out of 5 stocks

See Top Rated MarketRank™ Stocks Here
SKX stock logo

About Skechers U.S.A. (NYSE:SKX) Stock

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women worldwide. The company operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. It offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands. The company also provides men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids. As of December 31, 2021, it operated 4,306 company and third party owned Skechers stores. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and online retailers; and through its e-commerce sites, concept stores, and factory and warehouse outlet stores. It also licenses its Skechers brand. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.

Skechers U.S.A. Stock Down 0.5 %

SKX opened at $40.32 on Friday. The business's 50-day moving average price is $37.70 and its 200-day moving average price is $39.55. Skechers U.S.A. has a 12 month low of $33.50 and a 12 month high of $51.74. The company has a market cap of $6.29 billion, a P/E ratio of 8.82 and a beta of 1.30. The company has a current ratio of 2.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

SKX has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Skechers U.S.A. from $61.00 to $45.00 in a research report on Wednesday, July 20th. Monness Crespi & Hardt dropped their price objective on shares of Skechers U.S.A. to $50.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Morgan Stanley lowered their price target on shares of Skechers U.S.A. from $62.00 to $59.00 and set an "overweight" rating for the company in a report on Wednesday, July 27th. Wedbush reduced their price target on shares of Skechers U.S.A. from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. Finally, TheStreet downgraded shares of Skechers U.S.A. from a "b" rating to a "c+" rating in a research report on Tuesday, May 17th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $51.89.

Insider Transactions at Skechers U.S.A.

In related news, EVP Mark A. Nason sold 15,198 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $40.69, for a total value of $618,406.62. Following the completion of the sale, the executive vice president now directly owns 51,403 shares of the company's stock, valued at approximately $2,091,588.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.44% of the stock is owned by insiders.

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SKX Stock News Headlines

August 18, 2022 | reuters.com
Skechers USA Inc
August 18, 2022 | nasdaq.com
SKX Crosses Above Key Moving Average Level
August 13, 2022 | nasdaq.com
SKX September 30th Options Begin Trading
August 9, 2022 | finance.yahoo.com
Skechers sponsoring nationally televised professional pickleball tournament
August 9, 2022 | finance.yahoo.com
Skechers Invitational Summer Championship to Spotlight Pickleball in Los Angeles
August 9, 2022 | finance.yahoo.com
Petco Love and BOBS from Skechers Host Mega Adoption Event to Find Homes for 1000+ Pets in Need
August 2, 2022 | finance.yahoo.com
Here's Why We Think Skechers U.S.A (NYSE:SKX) Is Well Worth Watching
July 30, 2022 | americanbankingnews.com
FY2022 EPS Estimates for Skechers U.S.A., Inc. Cut by Wedbush (NYSE:SKX)
July 29, 2022 | americanbankingnews.com
Skechers U.S.A. (NYSE:SKX) Price Target Cut to $50.00
July 29, 2022 | americanbankingnews.com
Skechers U.S.A. (NYSE:SKX) PT Lowered to $59.00
July 29, 2022 | americanbankingnews.com
Skechers U.S.A. (NYSE:SKX) Sees Large Volume Increase
July 29, 2022 | americanbankingnews.com
Wedbush Lowers Skechers U.S.A. (NYSE:SKX) Price Target to $42.00
July 28, 2022 | seekingalpha.com
Skechers USA, Inc. (SKX) on Q2 2022 Results - Earnings Call Transcript
July 28, 2022 | finance.yahoo.com
FOR THE FIRST TIME EVER, CBS SPORTS WILL BROADCAST PRO PICKLEBALL WITH THE PPA TOUR SKECHERS INVITATIONAL SUMMER CHAMPIONSHIP AT THE RIVIERA COUNTRY CLUB IN LOS ANGELES
July 28, 2022 | americanbankingnews.com
Cowen Trims Skechers U.S.A. (NYSE:SKX) Target Price to $39.00
July 27, 2022 | finance.yahoo.com
Skechers USA Q2 Earnings Beats Street View; Cuts FY22 EPS Outlook
July 27, 2022 | markets.businessinsider.com
What 4 Analyst Ratings Have To Say About Skechers USA
July 27, 2022 | americanbankingnews.com
Skechers U.S.A., Inc. (NYSE:SKX) Receives $55.17 Consensus PT from Analysts
July 26, 2022 | nasdaq.com
Skechers Lowers FY22 EPS Outlook
July 26, 2022 | finance.yahoo.com
Skechers Announces Record Second Quarter 2022 Sales
July 26, 2022 | americanbankingnews.com
Skechers U.S.A. (NYSE:SKX) Price Target Cut to $51.00 by Analysts at Deutsche Bank Aktiengesellschaft
July 25, 2022 | finance.yahoo.com
Skechers Elite Athlete Brooke Henderson Wins Amundi Evian Championship
July 25, 2022 | americanbankingnews.com
Skechers U.S.A. (SKX) to Release Earnings on Tuesday
July 22, 2022 | finance.yahoo.com
Here's How Much You'd Have If You Invested $1000 in Skechers a Decade Ago
July 21, 2022 | nasdaq.com
September 2nd Options Now Available For Skechers USA
See More Headlines
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SKX Company Calendar

Last Earnings
10/28/2021
Today
8/19/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Footwear, except rubber
Sub-Industry
Footwear
Sector
Consumer Discretionary
Current Symbol
NYSE:SKX
CUSIP
83056610
CIK
1065837
Web
www.skechers.com
Phone
(310) 318-3100
Fax
310-318-5019
Employees
11,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$51.89
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.57
Trailing P/E Ratio
8.64
Forward P/E Ratio
14.96
P/E Growth
N/A
Net Income
$741.50 million
Net Margins
10.41%
Pretax Margin
7.67%
Return on Equity
10.96%
Return on Assets
6.01%

Debt

Debt-to-Equity Ratio
0.07
Current Ratio
2.34
Quick Ratio
1.31

Sales & Book Value

Annual Sales
$6.29 billion
Price / Sales
0.98
Cash Flow
$3.43 per share
Price / Cash Flow
11.51
Book Value
$23.83 per share
Price / Book
1.66

Miscellaneous

Outstanding Shares
156,046,000
Free Float
117,908,000
Market Cap
$6.16 billion
Optionable
Optionable
Beta
1.30

Key Executives

  • Mr. Robert Y. GreenbergMr. Robert Y. Greenberg (Age 82)
    Co-Founder, Chairman & CEO
    Comp: $16.58M
  • Mr. Michael GreenbergMr. Michael Greenberg (Age 59)
    Co-Founder, Pres & Director
    Comp: $10.32M
  • Mr. John M. Vandemore (Age 48)
    Chief Financial Officer
    Comp: $2.69M
  • Mr. David WeinbergMr. David Weinberg (Age 71)
    Exec. VP, COO & Director
    Comp: $7.24M
  • Mr. Mark Nason (Age 60)
    Exec. VP of Product Devel.
    Comp: $4.47M
  • Mr. Philip G. PaccioneMr. Philip G. Paccione (Age 60)
    Exec. VP of Bus. Affairs, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SKX Stock - Frequently Asked Questions

Should I buy or sell Skechers U.S.A. stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SKX shares.
View SKX analyst ratings or view top-rated stocks.

What is Skechers U.S.A.'s stock price forecast for 2022?

10 analysts have issued 12 month target prices for Skechers U.S.A.'s stock. Their SKX share price forecasts range from $39.00 to $71.00. On average, they expect the company's share price to reach $51.89 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price.
View analysts price targets for SKX or view top-rated stocks among Wall Street analysts.

How have SKX shares performed in 2022?

Skechers U.S.A.'s stock was trading at $43.40 at the beginning of the year. Since then, SKX shares have decreased by 9.0% and is now trading at $39.49.
View the best growth stocks for 2022 here.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SKX earnings forecast.

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

Skechers U.S.A., Inc. (NYSE:SKX) issued its quarterly earnings data on Thursday, October, 28th. The textile maker reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 10.96% and a net margin of 10.41%. The firm's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share.

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

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 issued shares were distributed to shareholders after the closing bell on Thursday, October 15th 2015. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What guidance has Skechers U.S.A. issued on next quarter's earnings?

Skechers U.S.A. updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.60-$2.70 for the period, compared to the consensus earnings per share estimate of $2.89. The company issued revenue guidance of $7.20 billion-$7.40 billion, compared to the consensus revenue estimate of $7.34 billion.

What is Robert Greenberg's approval rating as Skechers U.S.A.'s CEO?

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.

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 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).

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 retail and institutional investors. Top institutional shareholders include FMR LLC (12.97%), Pzena Investment Management LLC (5.15%), Massachusetts Financial Services Co. MA (4.73%), State Street Corp (2.96%), Price T Rowe Associates Inc. MD (1.78%) and Theleme Partners LLP (1.46%). Insiders that own company 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.

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

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.
Compare Top Brokerages Here.

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

One share of SKX stock can currently be purchased for approximately $39.49.

How much money does Skechers U.S.A. make?

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $6.16 billion and generates $6.29 billion in revenue each year. The textile maker earns $741.50 million in net income (profit) each year or $4.57 on an earnings per share basis.

How many employees does Skechers U.S.A. have?

The company employs 11,700 workers across the globe.

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 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.

This page (NYSE:SKX) was last updated on 8/19/2022 by MarketBeat.com Staff

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