NYSE:SKX - Skechers USA Stock Price, Price Target & More

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$31.85 +0.78 (+2.51 %)
(As of 07/18/2018 08:00 AM ET)
Previous Close$31.07
Today's Range$31.08 - $31.95
52-Week Range$23.90 - $43.08
Volume2.99 million shs
Average Volume2.26 million shs
Market Capitalization$4.97 billion
P/E Ratio17.89
Dividend YieldN/A
Beta0.37
Skechers USA logoSkechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand. It also provides lightweight sport athletic lifestyle products, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; casual and sport styles sneakers, and sandals under the Skechers Active and Skechers Sport Active brand; and sneakers under Skecher Street brand for millennials, Gen Y's, and young women. In addition, the company offers classic espadrille, and vulcanized and sport footwear under the BOBS from Skechers name; casual, dress, and active styles, as well as boots and accessories for men under the Mark Nason name; technical footwear under the Skechers Performance brand for men and women, as well as under the YOU by Skechers name for women; and boots, shoes, high-tops, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name. Further, it provides men's and women's casuals, such as field boots, hikers, and athletic shoes under the Skechers Work name. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and Internet retailers, as well as through its e-commerce Websites and own retail stores. As of March 1, 2018, it owned and operated 2,570 company-owned and third-party-owned retail stores. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Footwear, except rubber
Sub-IndustryFootwear
SectorConsumer Discretionary
SymbolNYSE:SKX
CUSIP83056610
Phone310-318-3100

Debt

Debt-to-Equity Ratio0.03
Current Ratio3.40
Quick Ratio2.21

Price-To-Earnings

Trailing P/E Ratio17.89
Forward P/E Ratio15.46
P/E Growth0.84

Sales & Book Value

Annual Sales$4.16 billion
Price / Sales1.22
Cash Flow$2.4633 per share
Price / Cash12.93
Book Value$12.46 per share
Price / Book2.56

Profitability

EPS (Most Recent Fiscal Year)$1.78
Net Income$179.19 million
Net Margins4.67%
Return on Equity15.30%
Return on Assets11.04%

Miscellaneous

Employees11,800
Outstanding Shares159,960,000
Market Cap$4,970.02

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Skechers USA (NYSE:SKX) Frequently Asked Questions

What is Skechers USA's stock symbol?

Skechers USA trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKX."

When did Skechers USA's stock split? How did Skechers USA's stock split work?

Skechers USA shares split before market open on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly minted shares were issued to shareholders after the closing bell on Thursday, October 15th 2015. An investor that had 100 shares of Skechers USA stock prior to the split would have 300 shares after the split.

How will Skechers USA's stock buyback program work?

Skechers USA declared that its board has approved a share repurchase program on Friday, February 9th 2018, which authorizes the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

How were Skechers USA's earnings last quarter?

Skechers USA Inc (NYSE:SKX) issued its earnings results on Thursday, April, 19th. The textile maker reported $0.75 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.01. The textile maker earned $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. Skechers USA had a net margin of 4.67% and a return on equity of 15.30%. The business's revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. View Skechers USA's Earnings History.

When is Skechers USA's next earnings date?

Skechers USA is scheduled to release their next quarterly earnings announcement on Thursday, July, 19th 2018. View Earnings Estimates for Skechers USA.

What guidance has Skechers USA issued on next quarter's earnings?

Skechers USA updated its second quarter earnings guidance on Thursday, April, 19th. The company provided earnings per share guidance of $0.38-0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.54. The company issued revenue guidance of $1.120-1.145 billion, compared to the consensus revenue estimate of $1.16 billion.

What price target have analysts set for SKX?

12 brokerages have issued twelve-month target prices for Skechers USA's stock. Their predictions range from $31.00 to $50.00. On average, they expect Skechers USA's share price to reach $42.30 in the next year. This suggests a possible upside of 32.8% from the stock's current price. View Analyst Ratings for Skechers USA.

What is the consensus analysts' recommendation for Skechers USA?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skechers USA in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

What are Wall Street analysts saying about Skechers USA stock?

Here are some recent quotes from research analysts about Skechers USA stock:
  • 1. According to Zacks Investment Research, "In spite of decent first-quarter 2018 results, Skechers’ bleak outlook for the second quarter hurt investors. Both sales and earnings view came below analysts’ expectations. We note sales projection includes an expected shift in shipments from the second quarter to the later part of the year for quite a few important international distributors and domestic accounts. Meanwhile, shares fell and underperformed the industry in a month. Nevertheless, we believe that greater emphasis on new line of products, cost containment, inventory management and global distribution bodes well. Notably, both the top and bottom lines grew 16.5% and 25%, respectively, in the first quarter. Net sales also beat the Zacks Consensus Estimate for the sixth time gaining from solid performances at the international wholesale business and company-owned global retail business. The company’s domestic e-commerce business also continues to gain traction." (4/23/2018)
  • 2. Susquehanna Bancshares Inc analysts commented, "Sales benefits from accelerated investments in recent quarters are materializing right at the time that investment growth is beginning to normalize (JV/China investments normalize), creating a favorable set-up for 2018," (10/20/2017)

Who are some of Skechers USA's key competitors?

Who are Skechers USA's key executives?

Skechers USA's management team includes the folowing people:
  • Mr. Robert Greenberg, Co-Founder, Chairman of The Board and Chief Exec. Officer (Age 78)
  • Mr. Michael Greenberg, Co-Founder, Pres and Director (Age 55)
  • Mr. David Weinberg, COO, Exec. VP & Director (Age 67)
  • Mr. Philip G. Paccione, Exec. VP of Bus. Affairs, Gen. Counsel and Corp. Sec. (Age 56)
  • Mr. Mark Nason, Exec. VP of Product Devel. (Age 56)

Has Skechers USA been receiving favorable news coverage?

Press coverage about SKX stock has trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Skechers USA earned a coverage optimism score of 0.20 on Accern's scale. They also gave headlines about the textile maker an impact score of 46.01 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are Skechers USA's major shareholders?

Skechers USA's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.55%), Peregrine Capital Management LLC (0.52%), Scout Investments Inc. (0.17%), Thompson Investment Management Inc. (0.11%), Bank of Montreal Can (0.06%) and Denali Advisors LLC (0.02%). Company insiders that own Skechers USA stock include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh. View Institutional Ownership Trends for Skechers USA.

Which major investors are selling Skechers USA stock?

SKX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Scout Investments Inc. and Rathbone Brothers plc. Company insiders that have sold Skechers USA company stock in the last year include David Weinberg, Jeffrey Greenberg, Mark A Nason, Michael Greenberg, Morton D Erlich, Phillip Paccione, Richard Rappaport, Richard Siskind, Robert Greenberg and Thomas Walsh. View Insider Buying and Selling for Skechers USA.

Which major investors are buying Skechers USA stock?

SKX stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Thompson Investment Management Inc., Bank of Montreal Can, Denali Advisors LLC, Xact Kapitalforvaltning AB and State of Alaska Department of Revenue. View Insider Buying and Selling for Skechers USA.

How do I buy shares of Skechers USA?

Shares of SKX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Skechers USA's stock price today?

One share of SKX stock can currently be purchased for approximately $31.85.

How big of a company is Skechers USA?

Skechers USA has a market capitalization of $4.97 billion and generates $4.16 billion in revenue each year. The textile maker earns $179.19 million in net income (profit) each year or $1.78 on an earnings per share basis. Skechers USA employs 11,800 workers across the globe.

How can I contact Skechers USA?

Skechers USA's mailing address is 228 Manhattan Beach Boulevard, Manhattan Beach CA, 90266. The textile maker can be reached via phone at 310-318-3100 or via email at [email protected]


MarketBeat Community Rating for Skechers USA (NYSE SKX)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  595 (Vote Outperform)
Underperform Votes:  430 (Vote Underperform)
Total Votes:  1,025
MarketBeat's community ratings are surveys of what our community members think about Skechers USA and other stocks. Vote "Outperform" if you believe SKX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SKX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/18/2018 by MarketBeat.com Staff

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