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.
Analyst Ratings Changes
A number of research analysts recently commented on SKX shares. Morgan Stanley decreased their price target on Skechers U.S.A. from $62.00 to $59.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 27th. UBS Group reduced their price objective on Skechers U.S.A. from $67.00 to $56.00 in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Skechers U.S.A. from $62.00 to $61.00 in a research note on Monday, April 25th. Cowen reduced their price objective on Skechers U.S.A. to $39.00 and set an "outperform" rating on the stock in a research note on Monday, July 25th. Finally, Wedbush reduced their price objective on Skechers U.S.A. from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Skechers U.S.A. currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.89.
Skechers U.S.A. Trading Up 0.5 %
Shares of SKX Stock traded up $0.21 during mid-day trading on Friday, reaching $40.21. 1,098,954 shares of the stock traded hands, compared to its average volume of 1,802,715. The stock's fifty day simple moving average is $37.78 and its two-hundred day simple moving average is $39.58. Skechers U.S.A. has a 1-year low of $33.50 and a 1-year high of $53.86. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 8.80 and a beta of 1.30. The company has a quick ratio of 1.31, a current ratio of 2.34 and a debt-to-equity ratio of 0.07.