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NYSE:SKX

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

$44.67
-0.24 (-0.53%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$44.13
$45.29
50-Day Range
$41.66
$49.22
52-Week Range
$31.28
$49.56
Volume
1.24 million shs
Average Volume
1.76 million shs
Market Capitalization
$6.93 billion
P/E Ratio
18.77
Dividend Yield
N/A
Price Target
$53.83

Skechers U.S.A. MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
20.5% Upside
$53.83 Price Target
Short Interest
Healthy
2.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.68
Upright™ Environmental Score
News Sentiment
1.09mentions of Skechers U.S.A. in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$4.35 M Sold Last Quarter
Proj. Earnings Growth
24.49%
From $2.94 to $3.66 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Consumer Discretionary Sector

33rd out of 261 stocks

Footwear, Except Rubber Industry

1st out of 5 stocks


SKX stock logo

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

Skechers U.S.A., Inc. engages in designing, development, and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the Wholesale and Direct-to-Consumer segment. The Wholesale segment includes department stores, family shoe stores, specialty running, and sporting goods retailers. The Direct-to-Consumer segment is involved in selling directly to consumers through a combination of channels. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.

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SKX Stock News Headlines

Foot Locker: Slow And Steady Wins The Race (SKX)
Footlocker moves up on solid results and plans to reset the business. Earnings will be tepid in 2023 but growth should resume in 2024.
Skechers USA Stock Hits New 52-Week Low (SKX)
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
When Should You Buy Skechers U.S.A., Inc. (NYSE:SKX)?
Skechers USA is Now Oversold (SKX)
Ashley Park Brings Song and Dance to Skechers
Modern Day Options Trading For Beginners!
These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. pixel
Skechers Signs Nuria Roca
Skechers Named Company of the Year by Footwear Plus
Skechers stock drops after profit warning
3 Top Retail Stocks Under Accumulation in 2023
See More Headlines
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SKX Company Calendar

Last Earnings
2/02/2023
Today
3/27/2023
Next Earnings (Estimated)
4/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Footwear
CUSIP
83056610
Employees
15,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.83
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$373.03 million
Pretax Margin
7.02%

Debt

Sales & Book Value

Annual Sales
$7.44 billion
Cash Flow
$3.40 per share
Book Value
$24.96 per share

Miscellaneous

Free Float
117,194,000
Market Cap
$6.97 billion
Optionable
Optionable
Beta
1.32

Key Executives

  • Robert GreenbergRobert Greenberg
    Chairman & Chief Executive Officer
  • Michael GreenbergMichael Greenberg
    President & Director
  • David WeinbergDavid Weinberg
    Chief Operating Officer, Director & Executive VP
  • John M. Vandemore
    Chief Financial & Accounting Officer
  • Brad Wolfer
    SVP & General Merchandise Manager













SKX Stock - Frequently Asked Questions

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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research 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 2023?

11 analysts have issued twelve-month price targets for Skechers U.S.A.'s shares. Their SKX share price forecasts range from $37.00 to $71.00. On average, they anticipate the company's stock price to reach $53.83 in the next year. This suggests a possible upside of 19.9% 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 2023?

Skechers U.S.A.'s stock was trading at $41.95 at the start of the year. Since then, SKX shares have increased by 7.1% and is now trading at $44.91.
View the best growth stocks for 2023 here
.

Are investors shorting Skechers U.S.A.?

Skechers U.S.A. saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 3,630,000 shares, an increase of 42.4% from the January 31st total of 2,550,000 shares. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.8% of the company's stock are short sold.
View Skechers U.S.A.'s Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our SKX earnings forecast
.

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

Skechers U.S.A., Inc. (NYSE:SKX) announced its quarterly earnings results on Thursday, February, 2nd. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The textile maker earned $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. Skechers U.S.A. had a net margin of 5.01% and a trailing twelve-month return on equity of 9.94%. The firm's quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS.

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

Shares of Skechers U.S.A. 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 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 FY23 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $2.80-$3.00 for the period, compared to the consensus estimate of $3.09. The company issued revenue guidance of $7.75-$8.00 billion, compared to the consensus revenue estimate of $8.06 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 variety of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (4.85%), ArrowMark Colorado Holdings LLC (2.79%), Marshall Wace LLP (2.57%), Dimensional Fund Advisors LP (2.34%), Fiduciary Management Inc. WI (1.90%) and T. Rowe Price Investment Management Inc. (1.67%). Insiders that own company stock include David Weinberg, Jeffrey Greenberg, John M Vandemore, Katherine J Blair, 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 $44.91.

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

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $6.97 billion and generates $7.44 billion in revenue each year. The textile maker earns $373.03 million in net income (profit) each year or $2.38 on an earnings per share basis.

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

The company employs 15,100 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 3/27/2023 by MarketBeat.com Staff