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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SKX shares.
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10 Wall Street research analysts have issued 1-year price objectives for Skechers U.S.A.'s shares. Their SKX share price forecasts range from $39.00 to $71.00. On average, they anticipate the company's stock price to reach $51.89 in the next year. This suggests a possible upside of 29.1% from the stock's current price.
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Skechers U.S.A.'s stock was trading at $43.40 on January 1st, 2022. Since then, SKX shares have decreased by 7.4% and is now trading at $40.19.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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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 (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by $0.05. The textile maker earned $1.55 billion during the quarter, compared to the consensus estimate of $1.62 billion. Skechers U.S.A. had a net margin of 10.41% and a trailing twelve-month return on equity of 10.96%. The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share.

Shares of Skechers U.S.A. split 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.

Skechers U.S.A. updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $2.60-$2.70 for the period, compared to the consensus EPS 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.

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 a variety of retail and institutional investors. Top institutional investors include FMR LLC (12.97%), Pzena Investment Management LLC (5.15%), Massachusetts Financial Services Co. MA (4.73%), Theleme Partners LLP (1.46%), Franklin Resources Inc. (1.29%) and Loomis Sayles & Co. L P (0.69%). 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.
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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 $40.19.

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $6.27 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.

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.