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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SKX shares.
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12 equities research analysts have issued twelve-month price objectives for Skechers U.S.A.'s stock. Their SKX share price forecasts range from $37.00 to $71.00. On average, they expect the company's stock price to reach $53.08 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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Skechers U.S.A.'s stock was trading at $41.95 at the start of the year. Since then, SKX stock has increased by 13.3% and is now trading at $47.52.
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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 trading volume of 1,640,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Skechers U.S.A., Inc. (NYSE:SKX) posted its quarterly earnings data on Thursday, February, 2nd. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The textile maker earned $1.88 billion during the quarter, compared to analysts' expectations of $1.77 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 9.94% and a net margin of 5.01%. The firm's revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS.

ETFs with the largest weight of Skechers U.S.A. (NYSE:SKX) stock in their portfolio include Global X Health & Wellness ETF (BFIT), WisdomTree U.S. Growth & Momentum Fund (WGRO), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Global X Founder-Run Companies ETF (BOSS), Invesco S&P MidCap 400 Pure Value ETF (RFV), First Trust Mid Cap Value AlphaDEX Fund (FNK), SPDR S&P 400 Mid Cap Value ETF (MDYV) and Vanguard S&P Mid-Cap 400 Value ETF (IVOV).

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 distributed 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.

Skechers U.S.A. updated its FY23 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $2.80-$3.00 for the period, compared to the consensus earnings per share 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.

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 number 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.
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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 $47.52.

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $7.37 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.

The company employs 15,100 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.