Skechers USA Reaches New 12-Month High at $47.23 (SKX)
Skechers USA (NYSE:SKX) hit a new 52-week high on Friday , Stock Ratings News reports. The stock traded as high as $47.23 and last traded at $47.07, with a volume of 397,182 shares changing hands. The stock had previously closed at $45.85.
SKX has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of Skechers USA from $48.00 to $55.00 in a research note on Wednesday. Separately, analysts at Citigroup Inc. raised their price target on shares of Skechers USA from $49.00 to $52.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Skechers USA in a research note on Monday, May 19th. They set a “buy” rating and a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.22.
The stock’s 50-day moving average is $41.39 and its 200-day moving average is $35.08. The company has a market cap of $2.395 billion and a price-to-earnings ratio of 29.37.
Skechers USA (NYSE:SKX) last released its earnings data on Tuesday, April 22nd. The company reported $0.61 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.93 earnings per share. Skechers USA’s revenue was up 21.0% compared to the same quarter last year. Analysts expect that Skechers USA will post $2.16 EPS for the current fiscal year.
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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