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Skechers USA (NYSE:SKX) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Friday, Analyst RN reports.

The analysts wrote, “Skechers USA (SKX) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”

Shares of Skechers USA (NYSE:SKX) traded down 0.22% on Friday, hitting $35.68. The stock had a trading volume of 228,613 shares. Skechers USA has a one year low of $19.97 and a one year high of $36.10. The stock’s 50-day moving average is $30.34 and its 200-day moving average is $30.43. The company has a market cap of $1.811 billion and a price-to-earnings ratio of 40.64.

Skechers USA (NYSE:SKX) last announced its earnings results on Wednesday, February 12th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. The company had revenue of $450.70 million for the quarter, compared to the consensus estimate of $448.58 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that Skechers USA will post $1.76 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on SKX. Analysts at Sterne Agee raised their price target on shares of Skechers USA to $43.00 in a research note on Thursday. Separately, analysts at Zacks upgraded shares of Skechers USA from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 23rd. They now have a $30.00 price target on the stock. Finally, analysts at BB&T Corp. downgraded shares of Skechers USA from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st. They now have a $33.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.17.

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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