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NYSE:SKX

Skechers USA Stock Forecast, Price & News

$30.79
-1.07 (-3.36 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$30.25
Now: $30.79
$31.85
50-Day Range
$28.62
MA: $29.99
$32.84
52-Week Range
$17.06
Now: $30.79
$44.50
Volume2.25 million shs
Average Volume1.99 million shs
Market Capitalization$4.86 billion
P/E Ratio32.76
Dividend YieldN/A
Beta1.11
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 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; dress, casual, 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 February 27, 2019, it owned and operated approximately 3,000 company-owned and third-party-owned retail stores. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.22 billion
Cash Flow$2.97 per share
Book Value$16.52 per share

Profitability

Net Income$346.56 million

Miscellaneous

Employees13,100
Market Cap$4.86 billion
Next Earnings Date10/20/2020 (Estimated)
OptionableOptionable
$30.79
-1.07 (-3.36 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Skechers USA (NYSE:SKX) Frequently Asked Questions

How has Skechers USA's stock price been impacted by COVID-19?

Skechers USA's stock was trading at $27.91 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SKX shares have increased by 10.3% and is now trading at $30.79.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Skechers USA?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers USA in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Skechers USA
.

When is Skechers USA's next earnings date?

Skechers USA is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Skechers USA
.

How were Skechers USA's earnings last quarter?

Skechers USA Inc (NYSE:SKX) released its quarterly earnings data on Thursday, July, 23rd. The textile maker reported ($0.44) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.67) by $0.23. The textile maker had revenue of $729.47 million for the quarter, compared to analysts' expectations of $676.69 million. Skechers USA had a net margin of 3.08% and a return on equity of 6.24%.
View Skechers USA's earnings history
.

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

Shares of Skechers USA 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 issued to shareholders after the market closes 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.

What price target have analysts set for SKX?

10 analysts have issued 12-month price objectives for Skechers USA's stock. Their forecasts range from $25.00 to $52.00. On average, they anticipate Skechers USA's share price to reach $38.30 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
View analysts' price targets for Skechers USA
.

Are investors shorting Skechers USA?

Skechers USA saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,360,000 shares, an increase of 14.0% from the August 15th total of 5,580,000 shares. Based on an average daily trading volume, of 1,610,000 shares, the short-interest ratio is presently 4.0 days. Currently, 4.8% of the shares of the company are short sold.
View Skechers USA's Short Interest
.

Who are some of Skechers USA's key competitors?

What other stocks do shareholders of Skechers USA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Skechers USA investors own include Celgene (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 USA's key executives?

Skechers USA's management team includes the following people:
  • Mr. Robert Greenberg, Co-Founder, Chairman & CEO (Age 79)
  • Mr. Michael Greenberg, Co-Founder, Pres & Director (Age 56)
  • Mr. John M. Vandemore, Chief Financial Officer (Age 45)
  • Mr. David Weinberg, Exec. VP, COO & Director (Age 68)
  • Mr. Mark Nason, Exec. VP of Product Devel. (Age 57)

What is Skechers USA's stock symbol?

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

Who are Skechers USA's major shareholders?

Skechers USA's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (12.94%), Vanguard Group Inc. (7.90%), ArrowMark Colorado Holdings LLC (5.13%), Bank of New York Mellon Corp (2.01%), Marshall Wace LLP (1.47%) and AQR Capital Management LLC (0.81%). Company insiders that own Skechers USA 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 USA
.

Which major investors are selling Skechers USA stock?

SKX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, ArrowMark Colorado Holdings LLC, Marshall Wace LLP, Prudential Financial Inc., Bank of Montreal Can, Point72 Asset Management L.P., Healthcare of Ontario Pension Plan Trust Fund, and Alberta Investment Management Corp. Company insiders that have sold Skechers USA company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Phillip Paccione, Richard Siskind, and Robert Greenberg.
View insider buying and selling activity 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 Broad Peak Investment Holdings Ltd., International Value Advisers LLC, Letko Brosseau & Associates Inc., Bank of New York Mellon Corp, Impala Asset Management LLC, FMR LLC, Portolan Capital Management LLC, and First Trust Advisors LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Skechers USA's stock price today?

One share of SKX stock can currently be purchased for approximately $30.79.

How big of a company is Skechers USA?

Skechers USA has a market capitalization of $4.86 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 USA employs 13,100 workers across the globe.

What is Skechers USA's official website?

The official website for Skechers USA is www.skechers.com.

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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