Other research analysts also recently issued reports about the company. Berenberg Bank reiterated a “buy” rating and issued a $71.00 price target on shares of Skechers U.S.A. in a report on Tuesday, May 17th. TheStreet cut shares of Skechers U.S.A. from a “b” rating to a “c+” rating in a research note on Tuesday, May 17th. StockNews.com initiated coverage on shares of Skechers U.S.A. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Skechers U.S.A. from $62.00 to $61.00 in a research note on Monday, April 25th. Finally, OTR Global raised shares of Skechers U.S.A. from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 5th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Skechers U.S.A. has an average rating of “Buy” and an average price target of $58.13.
Shares of Skechers U.S.A. stock opened at $37.03 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.44 and a quick ratio of 1.41. Skechers U.S.A. has a 1 year low of $33.50 and a 1 year high of $55.87. The company has a market capitalization of $5.78 billion, a P/E ratio of 7.60 and a beta of 1.33. The business has a 50 day moving average price of $38.61 and a 200 day moving average price of $41.46.
A number of institutional investors have recently made changes to their positions in SKX. Fifth Third Bancorp boosted its position in Skechers U.S.A. by 79.3% in the 1st quarter. Fifth Third Bancorp now owns 710 shares of the textile maker’s stock valued at $29,000 after buying an additional 314 shares during the last quarter. Covestor Ltd purchased a new position in Skechers U.S.A. in the 4th quarter valued at about $31,000. Allworth Financial LP boosted its position in Skechers U.S.A. by 198.4% in the 4th quarter. Allworth Financial LP now owns 761 shares of the textile maker’s stock valued at $33,000 after buying an additional 506 shares during the last quarter. Cornerstone Advisory LLC acquired a new stake in shares of Skechers U.S.A. in the 4th quarter valued at about $34,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Skechers U.S.A. in the 1st quarter valued at about $34,000. 79.71% of the stock is owned by hedge funds and other institutional investors.
About Skechers U.S.A. (Get Rating)
Skechers U.SA, 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.
- Get a free copy of the StockNews.com research report on Skechers U.S.A. (SKX)
- HP Inc. Stock Is a Steady Eddie Gainer
- Insiders Sell Tractor Supply Company, Oh No!
- Analog Devices Stock is a Defensive Semiconductor Play
- Why These 3 Farming Stocks Keep Plowing Ahead
- Gold Stocks That Might Be Worth A Look As Inflation Continues To Run Hot:
Receive News & Ratings for Skechers U.S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers U.S.A. and related companies with MarketBeat.com's FREE daily email newsletter.