NYSE:SKX

Skechers U.S.A. (SKX) Price Target & Analyst Ratings

$48.95

+1.09 (+2.28%)

(As of 09/29/2023 08:53 PM ET)

Compare

Today's Range: $48.91
▼
$50.62
50-Day Range: $47.01
▼
$56.11
52-Week Range: $31.28
▼
$56.53

Volume: 2.33 million shs
Average Volume: 1.84 million shs
Market Capitalization: $7.58 billion

P/E Ratio: 16.16
Dividend Yield: N/A
Price Target: $59.33

Skechers U.S.A. Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 11 Analyst Ratings

Consensus Analyst Price Target

$59.33
21.21% Upside

High Prediction	$68.00
Average Prediction	$59.33
Low Prediction	$49.00

Type	Current 10/2/22 to 10/2/23	1 Month Ago 9/2/22 to 9/2/23	3 Months Ago 7/4/22 to 7/4/23	1 Year Ago 10/2/21 to 10/2/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$59.33	$58.92	$56.27	$51.89
Predicted Upside	21.21% Upside	14.76% Upside	21.76% Upside	38.68% Upside

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SKX Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SKX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Skechers U.S.A. Stock vs. The Competition

Type	Skechers U.S.A.	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.91	2.53	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	21.21% Upside	178.66% Upside	21.71% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/18/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$54.00 ➝ $59.00	+24.53%
8/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$48.00 ➝ $49.00	+1.53%
8/10/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$59.00	+7.45%
7/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$57.00 ➝ $62.00	+12.81%
7/28/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$65.00 ➝ $67.00	+21.91%
7/28/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$59.00 ➝ $62.00	+12.81%
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7/28/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$58.00 ➝ $59.00	+7.08%
7/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$63.00 ➝ $68.00	+32.97%
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$65.00 ➝ $62.00	+26.07%
1/23/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$48.00 ➝ $65.00	+39.43%
1/6/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$50.00	+15.69%
12/2/2022	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$50.00	+15.66%

(Data available from 10/2/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

SKX Price Target - Frequently Asked Questions

What is Skechers U.S.A.'s consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Skechers U.S.A. stock is Moderate Buy based on the current 1 hold rating and 10 buy ratings for SKX. The average twelve-month price prediction for Skechers U.S.A. is $59.33 with a high price target of $68.00 and a low price target of $49.00. Learn more on SKX's analyst rating history.
Do Wall Street analysts like Skechers U.S.A. more than its competitors?: Analysts like Skechers U.S.A. more than other Consumer Discretionary companies. The consensus rating score for Skechers U.S.A. is 2.91 while the average consensus rating score for consumer discretionary companies is 2.53. Learn more on how SKX compares to other companies.
Is Skechers U.S.A. being upgraded by Wall Street analysts?: Over the previous 90 days, Skechers U.S.A.'s stock had 1 upgrade by analysts.

Does Skechers U.S.A.'s stock price have much upside?: According to analysts, Skechers U.S.A.'s stock has a predicted upside of 17.18% based on their 12-month price targets.
What analysts cover Skechers U.S.A.?: Skechers U.S.A. has been rated by Deutsche Bank Aktiengesellschaft, Morgan Stanley, Piper Sandler, Raymond James, Stifel Nicolaus, TD Cowen, UBS Group, and Wedbush in the past 90 days.

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This page (NYSE:SKX) was last updated on 10/2/2023 by MarketBeat.com Staff

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