Skechers USA Given Average Recommendation of “Buy” by Analysts (NYSE:SKX)
Skechers USA (NYSE:SKX) has earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $48.00.
Skechers USA (NYSE:SKX) opened at 56.54 on Thursday. Skechers USA has a 1-year low of $26.46 and a 1-year high of $57.33. The stock’s 50-day moving average is $50. and its 200-day moving average is $40.94. The company has a market cap of $2.896 billion and a price-to-earnings ratio of 27.04.
Skechers USA (NYSE:SKX) last released its earnings data on Wednesday, July 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.28. The company had revenue of $587.10 million for the quarter, compared to the consensus estimate of $508.82 million. During the same quarter last year, the company posted $0.14 earnings per share. Skechers USA’s revenue was up 37.1% compared to the same quarter last year. Analysts expect that Skechers USA will post $2.54 EPS for the current fiscal year.
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 $60.00 to $65.00 in a research note on Thursday. They now have a “positive” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Skechers USA in a research note on Monday, August 4th. They now have a $58.00 price target on the stock. Finally, analysts at Sidoti upgraded shares of Skechers USA from a “neutral” rating to a “buy” rating in a research note on Thursday, July 24th.
In other Skechers USA news, Director Geyer Kosinski unloaded 7,850 shares of Skechers USA stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $55.16, for a total transaction of $433,006.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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