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Skechers USA (NYSE:SKX) has received a consensus rating of “Buy” from the ten brokerages that are covering the company, AmericanBankingNews.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.11.

Shares of Skechers USA (NYSE:SKX) opened at 42.25 on Friday. Skechers USA has a one year low of $19.99 and a one year high of $43.04. The stock’s 50-day moving average is $38.77 and its 200-day moving average is $34.17. The company has a market cap of $2.136 billion and a price-to-earnings ratio of 26.97.

Skechers USA (NYSE:SKX) last announced its earnings results on Tuesday, April 22nd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.95 by $0.34. The company had revenue of $546.50 million for the quarter, compared to the consensus estimate of $508.82 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts expect that Skechers USA will post $2.14 EPS for the current fiscal year.

In other Skechers USA news, EVP Mark Nason sold 7,025 shares of the stock on the open market in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $42.96, for a total transaction of $301,794.00. Following the completion of the transaction, the executive vice president now directly owns 19,357 shares in the company, valued at approximately $831,577. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on SKX shares. Analysts at Citigroup Inc. initiated coverage on shares of Skechers USA in a research note on Monday. They set a “buy” rating and a $49.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Skechers USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Finally, analysts at Sterne Agee raised their price target on shares of Skechers USA from $43.00 to $50.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock.

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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