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MU   55.51 (+3.14%)
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GE   83.34 (-1.95%)
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Top-Rated Stocks  
NYSE:SKX

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

$43.29
+0.78 (+1.83%)
(As of 12/8/2022 12:10 PM ET)
Add
Compare
Today's Range
$42.52
▼
$43.36
50-Day Range
$31.72
▼
$43.23
52-Week Range
$31.28
▼
$49.89
Volume
24,633 shs
Average Volume
1.37 million shs
Market Capitalization
$6.71 billion
P/E Ratio
9.71
Dividend Yield
N/A
Price Target
$48.80

Skechers U.S.A. MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
15.5% Upside
$50.09 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.68
Upright™ Environmental Score
News Sentiment
0.82mentions of Skechers U.S.A. in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$52,740 Sold Last Quarter
Proj. Earnings Growth
32.89%
From $2.25 to $2.99 Per Share

Overall MarketRank™

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

2.73 out of 5 stars

Consumer Discretionary Sector

44th out of 266 stocks

Footwear, Except Rubber Industry

3rd out of 5 stocks

See Top Rated MarketRank™ Stocks Here
SKX stock logo

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

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.

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SKX Stock News Headlines

November 11, 2022 | marketbeat.com
MarketBeat: Week in Review 11/7 – 11/11 (SKX)
The midterms, a new CPI report, and a crypto crash are moving the market and the MarketBeat team continues to help you profit from these events
November 8, 2022 | marketbeat.com
3 Reasons Another Shoe May Drop for Skechers
Several hurdles lie ahead as Skechers limps to the finish line in 2022. At some point the stock will be on clearance, but it's nowhere near there right now.
December 6, 2022 | americanbankingnews.com
Skechers U.S.A., Inc. Expected to Post FY2022 Earnings of $2.21 Per Share (NYSE:SKX)
December 3, 2022 | americanbankingnews.com
Skechers U.S.A. (NYSE:SKX) Given New $50.00 Price Target at Monness Crespi & Hardt
December 2, 2022 | americanbankingnews.com
Skechers U.S.A. (NYSE:SKX) Price Target Raised to $48.00 at Raymond James
December 1, 2022 | finance.yahoo.com
Skechers' Margins Slated For Strong Expansion In 2023, Says Analyst
November 30, 2022 | seekingalpha.com
Skechers may be outrunning footwear peers this holiday season
November 29, 2022 | markets.businessinsider.com
Putting Their Best Foot Forward: Skechers & Petco Love Celebrate Giving Tuesday With A Gift to National Animal Welfare Organizations
November 29, 2022 | americanbankingnews.com
Skechers U.S.A., Inc. (NYSE:SKX) Receives $48.44 Consensus Target Price from Brokerages
November 25, 2022 | finance.yahoo.com
Skechers U.S.A., Inc.'s (NYSE:SKX) Stock Is Going Strong: Is the Market Following Fundamentals?
November 24, 2022 | finance.yahoo.com
Why Is Skechers (SKX) Up 23.7% Since Last Earnings Report?
November 17, 2022 | finance.yahoo.com
Skechers and Ava Max Partner for Global Popstar’s First Footwear Collaboration
November 15, 2022 | finance.yahoo.com
Arista Networks and Skechers have been highlighted as Zacks Bull and Bear of the Day
November 12, 2022 | seekingalpha.com
Skechers: Sneaker Manufacturer With Significant Growth Potential
November 9, 2022 | finance.yahoo.com
Skechers U.S.A Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
November 7, 2022 | finance.yahoo.com
Crocs Stock, IBD Stock Of The Day, Kicking After Earnings
November 3, 2022 | finance.yahoo.com
Skechers Pier to Pier Friendship Walk Breaks New Records With More Than $3 Million Raised for Kids
October 26, 2022 | benzinga.com
Skechers Issues Statement on Kanye West Unauthorized Visit
October 26, 2022 | finance.yahoo.com
Skechers says escorted Ye out of LA office after rapper arrived 'unannounced'
October 26, 2022 | finance.yahoo.com
Skechers Says Kanye West Escorted From Office After Showing Up Uninvited
October 26, 2022 | finance.yahoo.com
Skechers’ Revenue Took Off, but the Outlook Is Downbeat
October 26, 2022 | finance.yahoo.com
Skechers stock trips after Q3 miss
October 26, 2022 | finance.yahoo.com
Stocks: 3 hot tickers on Yahoo Finance that are not Alphabet, Microsoft, or Spotify
October 26, 2022 | finance.yahoo.com
Why Skechers Stock Was Down This Morning
October 26, 2022 | barrons.com
Premarket Movers: Skechers USA Cl A, Shaw Communications B, MongoDB
See More Headlines
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SKX Company Calendar

Last Earnings
10/25/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Footwear, except rubber
Sub-Industry
Footwear
Sector
Consumer Discretionary
Current Symbol
NYSE:SKX
CUSIP
83056610
CIK
1065837
Web
www.skechers.com
Phone
(310) 318-3100
Fax
310-318-5019
Employees
11,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.09
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.46
Trailing P/E Ratio
9.71
Forward P/E Ratio
19.24
P/E Growth
N/A
Net Income
$741.50 million
Net Margins
9.70%
Pretax Margin
6.99%
Return on Equity
10.03%
Return on Assets
5.58%

Debt

Debt-to-Equity Ratio
0.06
Current Ratio
2.27
Quick Ratio
1.14

Sales & Book Value

Annual Sales
$6.29 billion
Price / Sales
1.07
Cash Flow
$3.55 per share
Price / Cash Flow
12.20
Book Value
$22.70 per share
Price / Book
1.91

Miscellaneous

Outstanding Shares
155,100,000
Free Float
117,194,000
Market Cap
$6.71 billion
Optionable
Optionable
Beta
1.32

Key Executives

  • Mr. Robert Y. GreenbergMr. Robert Y. Greenberg (Age 82)
    Co-Founder, Chairman & CEO
    Comp: $16.58M
  • Mr. Michael GreenbergMr. Michael Greenberg (Age 59)
    Co-Founder, Pres & Director
    Comp: $10.32M
  • Mr. John M. Vandemore (Age 48)
    Chief Financial Officer
    Comp: $2.69M
  • Mr. David WeinbergMr. David Weinberg (Age 71)
    Exec. VP, COO & Director
    Comp: $7.24M
  • Mr. Mark Nason (Age 60)
    Exec. VP of Product Devel.
    Comp: $4.47M
  • Mr. Philip G. PaccioneMr. Philip G. Paccione (Age 60)
    Exec. VP of Bus. Affairs, Gen. Counsel & Corp. Sec.
  • Mr. Pete Calichman
    Sr. VP of Domestic Sales
  • Mr. Rick Graham
    Exec. Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SKX Stock - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skechers U.S.A. in the last twelve months. There are currently 1 hold rating and 8 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?

9 brokers have issued 1 year price targets for Skechers U.S.A.'s shares. Their SKX share price forecasts range from $37.00 to $71.00. On average, they expect the company's share price to reach $50.09 in the next twelve months. This suggests a possible upside of 17.8% 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 2022?

Skechers U.S.A.'s stock was trading at $43.40 on January 1st, 2022. Since then, SKX stock has decreased by 2.1% and is now trading at $42.51.
View the best growth stocks for 2022 here.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SKX earnings forecast.

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

Skechers U.S.A., Inc. (NYSE:SKX) issued its quarterly earnings data on Tuesday, October, 25th. The textile maker reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.19. The textile maker had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 10.03% and a net margin of 9.70%.

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

Skechers U.S.A.'s stock split on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly issued shares were payable 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 guidance has Skechers U.S.A. issued on next quarter's earnings?

Skechers U.S.A. updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of $0.30-$0.40 for the period, compared to the consensus earnings per share estimate of $0.51. The company issued revenue guidance of $1.73 billion-$1.77 billion, compared to the consensus revenue estimate of $1.79 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.94%), BlackRock Inc. (7.05%), Pzena Investment Management LLC (5.13%), Massachusetts Financial Services Co. MA (4.38%), State Street Corp (3.08%) and Marshall Wace LLP (2.64%). 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 $42.51.

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

Skechers U.S.A. (NYSE:SKX) has a market capitalization of $6.59 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 12/8/2022 by MarketBeat.com Staff