Skechers U.S.A. (SKX) Stock Price, News & Analysis

12 Wall Street research 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 research analysts is that investors should "moderate buy" SKX shares.
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12 equities research analysts have issued 1-year target prices for Skechers U.S.A.'s shares. Their SKX share price targets range from $49.00 to $74.00. On average, they predict the company's share price to reach $66.17 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
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Skechers U.S.A.'s stock was trading at $62.34 at the beginning of the year. Since then, SKX stock has decreased by 8.8% and is now trading at $56.86.
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Skechers U.S.A. saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,530,000 shares, an increase of 25.9% from the February 29th total of 2,010,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
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Skechers U.S.A. will be holding an earnings conference call on Thursday, April 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Skechers U.S.A., Inc. (NYSE:SKX) announced its quarterly earnings data on Thursday, February, 1st. The textile maker reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. The textile maker had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $2.03 billion. Skechers U.S.A. had a trailing twelve-month return on equity of 12.89% and a net margin of 6.82%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS.

ETFs with the largest weight of Skechers U.S.A. (NYSE:SKX) stock in their portfolio include Global X Health & Wellness ETF (BFIT), American Customer Satisfaction ETF (ACSI), Alpha Architect U.S. Quantitative Value ETF (QVAL), Natixis Vaughan Nelson Mid Cap ETF (VNMC), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Pacer US Cash Cows Growth ETF (BUL), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ) and iShares S&P Mid-Cap 400 Value ETF (IJJ).

Skechers U.S.A.'s stock split on the morning of Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly created shares were payable to shareholders after the closing bell 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 first quarter 2024 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of 1.050-1.100 for the period, compared to the consensus EPS estimate of 1.200. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 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.'s stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.80%), Baker Ellis Asset Management LLC (0.05%), Thompson Investment Management Inc. (0.04%), Hennion & Walsh Asset Management Inc. (0.02%), Allspring Global Investments Holdings LLC (0.02%) and State of Michigan Retirement System (0.02%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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