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Skechers USA (NYSE:SKX)‘s stock had its “buy” rating reaffirmed by investment analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $49.00 price target on the stock, up from their previous price target of $48.49. B. Riley’s target price indicates a potential upside of 1.05% from the company’s current price.

Shares of Skechers USA (NYSE:SKX) traded down 0.39% during mid-day trading on Tuesday, hitting $48.30. The stock had a trading volume of 211,501 shares. Skechers USA has a 52 week low of $26.46 and a 52 week high of $48.86. The stock has a 50-day moving average of $45.79 and a 200-day moving average of $37.91. The company has a market cap of $2.442 billion and a price-to-earnings ratio of 31.06.

SKX has been the subject of a number of other recent research reports. Analysts at Sidoti initiated coverage on shares of Skechers USA in a research note on Wednesday, July 9th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Skechers USA in a research note on Thursday, June 12th. They now have a $50.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Skechers USA from $48.00 to $55.00 in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Skechers USA presently has an average rating of “Buy” and an average price target of $42.33.

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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