Skechers USA Price Target Raised to $33.00 at BB&T Corp. (SKX)
Equities researchers at BB&T Corp. lifted their target price on shares of Skechers USA (NYSE:SKX) from $30.00 to $33.00 in a research report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. BB&T Corp.’s price objective points to a potential upside of 15.38% from the company’s current price.
Skechers USA (NYSE:SKX) traded down 1.95% on Thursday, hitting $28.60. The stock had a trading volume of 2,175,431 shares. Skechers USA has a 1-year low of $15.18 and a 1-year high of $30.87. The stock has a 50-day moving average of $29.3 and a 200-day moving average of $24.13. The company has a market cap of $1.450 billion and a price-to-earnings ratio of 51.63.
Skechers USA (NYSE:SKX) last announced its earnings results on Wednesday, October 23rd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.08. The company had revenue of $518.80 million for the quarter, compared to the consensus estimate of $518.22 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis.
SKX has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Skechers USA from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $31.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Skechers USA from $32.00 to $36.00 in a research note to investors on Monday, September 30th. They now have a “positive” rating on the stock. Finally, analysts at Sterne Agee reiterated a “positive” rating on shares of Skechers USA in a research note to investors on Wednesday, August 21st. They now have a $36.00 price target on the stock, up previously from $33.00. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
Skechers U.SA, Inc (NYSE:SKX) designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under several lines.
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