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NYSE:SKX

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

$47.65
+0.17 (+0.36%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$46.80
$48.18
50-Day Range
$39.09
$48.75
52-Week Range
$31.28
$49.89
Volume
1.79 million shs
Average Volume
1.58 million shs
Market Capitalization
$7.39 billion
P/E Ratio
10.68
Dividend Yield
N/A
Price Target
$53.00

Skechers U.S.A. MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
11.2% Upside
$53.00 Price Target
Short Interest
Healthy
2.55% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.68
Upright™ Environmental Score
News Sentiment
0.79mentions of Skechers U.S.A. in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$876,358 Sold Last Quarter
Proj. Earnings Growth
33.48%
From $2.27 to $3.03 Per Share

Overall MarketRank

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

2.97 out of 5 stars

Consumer Discretionary Sector

12th out of 279 stocks

Footwear, Except Rubber Industry

2nd 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 following segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The Domestic Wholesale segment distributes footwear through the local wholesale distribution channels including department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale segment includes international direct subsidiary and international distributor sales. The Direct-to-Consumer segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. 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

Is the Worst Behind for Under Armor Stock with a New CEO? (SKX)
Athleisure apparel and footwear maker Under Armour Inc. (NYSE: UAA) stock has been very buoyant, trading up +15.6% in 2023. The stock has been rising
Analysts Like The Fit Of Skechers USA
Skechers is riding high on a wave of analyst's sentiment that could crest with the Q4 report and bring this stock in for a new high.
GRAPHITE: "Essential for America's National Defense"
Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
Lululemon Stock, Buying Opportunity on Lowered Guidance? (SKX)
Athleisure apparel and footwear maker Lululemon Athletica Inc. (NASDAQ: LULU) stock took a rapid (-10%) drop upon updating mixed guidance for its upcoming Q4
MarketBeat: Week in Review 01/09-01/13 (SKX)
Markets are looking for direction in early trading before a holiday weekend. Here are some of the popular stories MarketBeat analysts were covering this week.
Skechers Not Nike Is The Sneaker Stock to Own for 2023
A tech-driven focus on comfort, omnichannel growth, international expansion and a low P/E are all good reasons to step into Skechers stock.
Skechers U.S.A. (SKX) Set to Announce Earnings on Thursday
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
3 Top Retail Stocks Under Accumulation in 2023
Skechers U.S.A. (NYSE:SKX) Stock Rating Upgraded by Cowen
Skechers U.S.A. (NYSE:SKX) Shares Gap Up on Analyst Upgrade
Analyst Expectations for Skechers USA's Future
Skechers U.S.A. (NYSE:SKX) Upgraded to Outperform by Cowen
SKX.P - | Stock Price & Latest News | Reuters
Skechers (SKX) Gains 25.4% in Past Six Months: Here's Why
Should You Consider Selling Skechers U.S.A. (SKX)?
See More Headlines
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SKX Company Calendar

Last Earnings
10/28/2021
Today
1/31/2023
Next Earnings (Confirmed)
2/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Footwear, except rubber
Sub-Industry
Footwear
CUSIP
83056610
Employees
11,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.00
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$741.50 million
Pretax Margin
6.99%

Debt

Sales & Book Value

Annual Sales
$6.29 billion
Cash Flow
$3.53 per share
Book Value
$22.70 per share

Miscellaneous

Free Float
117,194,000
Market Cap
$7.39 billion
Optionable
Optionable
Beta
1.28

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 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 equities 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 equities 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 1-year price objectives for Skechers U.S.A.'s stock. Their SKX share price forecasts range from $37.00 to $71.00. On average, they anticipate the company's share price to reach $53.00 in the next twelve months. This suggests a possible upside of 11.2% 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 beginning of the year. Since then, SKX stock has increased by 13.6% and is now trading at $47.65.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our SKX earnings forecast
.

How can I listen to Skechers U.S.A.'s earnings call?

Skechers U.S.A. will be holding an earnings conference call on Thursday, February 2nd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

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

Skechers U.S.A., Inc. (NYSE:SKX) posted its quarterly earnings data on Thursday, October, 28th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.05. The textile maker earned $1.55 billion during the quarter, compared to analysts' expectations of $1.62 billion. Skechers U.S.A. had a net margin of 9.70% and a trailing twelve-month return on equity of 10.03%. The business's revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS.

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

Skechers U.S.A. shares 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 issued to shareholders after the market closes 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 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 Assenagon Asset Management S.A. (0.56%), Congress Asset Management Co. MA (0.10%), New York State Common Retirement Fund (0.09%), Thompson Investment Management Inc. (0.06%), Natixis Advisors L.P. (0.05%) and Comerica Bank (0.04%). Insiders that own company stock include David Weinberg, Jeffrey Greenberg, 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 $47.65.

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

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $7.39 billion and generates $6.29 billion in revenue each year. The textile maker earns $741.50 million in net income (profit) each year or $4.46 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 1/31/2023 by MarketBeat.com Staff