A number of firms have modified their ratings and price targets on shares of Skechers USA (NYSE: SKX) recently:

  • 12/4/2017 – Skechers USA had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $46.00 price target on the stock.
  • 12/1/2017 – Skechers USA had its price target raised by analysts at Monness Crespi & Hardt from $34.00 to $40.00. They now have a “buy” rating on the stock.
  • 11/28/2017 – Skechers USA was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $37.55 price target on the stock.
  • 11/27/2017 – Skechers USA was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $34.87 price target on the stock.
  • 11/20/2017 – Skechers USA was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $34.87 price target on the stock.
  • 11/13/2017 – Skechers USA was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $34.87 price target on the stock.
  • 11/6/2017 – Skechers USA was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $33.73 price target on the stock.
  • 11/3/2017 – Skechers USA had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $38.00 price target on the stock.
  • 10/31/2017 – Skechers USA was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $33.73 price target on the stock.
  • 10/27/2017 – Skechers USA had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $35.00 price target on the stock.
  • 10/23/2017 – Skechers USA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $38.00 price target on the stock. According to Zacks, “Greater emphasis on new line of products, cost containment efforts, inventory management and global distribution platform have helped lift Skechers’ performance. After witnessing a negative earnings surprise in the second quarter of 2017, Skechers made a sharp come back in the third quarter with the bottom line outperforming the Zacks Consensus Estimate by 37.2%. Following the sturdy performance, shares have been on a bull run and have outpaced the industry in a month. Net sales also beat the estimate for the fourth quarter in row gaining from solid performances at the international wholesale business and company-owned global retail operations. Management now expects both the top and bottom lines to increase year over year during the final quarter. However, higher general & administrative expenses remain a matter of concern. Nevertheless, Skechers expects the rate of increase to decelerate going forward.”
  • 10/23/2017 – Skechers USA was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $33.73 price target on the stock.
  • 10/20/2017 – Skechers USA was given a new $36.00 price target on by analysts at Buckingham Research. They now have a “buy” rating on the stock.
  • 10/20/2017 – Skechers USA had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They wrote, “Sales benefits from accelerated investments in recent quarters are materializing right at the time that investment growth is beginning to normalize (JV/China investments normalize), creating a favorable set-up for 2018,”
  • 10/20/2017 – Skechers USA was given a new $37.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 10/20/2017 – Skechers USA was given a new $36.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/20/2017 – Skechers USA had its price target raised by analysts at Wells Fargo & Company from $33.00 to $36.00. They now have a “market perform” rating on the stock.
  • 10/20/2017 – Skechers USA had its “positive” rating reaffirmed by analysts at Citigroup Inc.. They now have a $38.00 price target on the stock, up previously from $34.00.
  • 10/20/2017 – Skechers USA had its price target raised by analysts at Morgan Stanley from $28.50 to $31.00. They now have an “equal weight” rating on the stock.
  • 10/20/2017 – Skechers USA had its price target raised by analysts at Monness Crespi & Hardt from $33.00 to $34.00. They now have a “buy” rating on the stock.
  • 10/20/2017 – Skechers USA was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $35.00 price target on the stock, up previously from $24.03.
  • 10/10/2017 – Skechers USA had its “buy” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $34.00 price target on the stock.

Skechers USA Inc (NYSE SKX) opened at $34.39 on Wednesday. Skechers USA Inc has a 1 year low of $22.31 and a 1 year high of $36.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.30 and a current ratio of 3.46. The firm has a market cap of $5,617.76, a PE ratio of 22.02, a P/E/G ratio of 1.49 and a beta of 0.15.

Skechers USA (NYSE:SKX) last announced its quarterly earnings data on Thursday, October 19th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.16. Skechers USA had a net margin of 6.38% and a return on equity of 13.70%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $0.42 EPS. Skechers USA’s revenue was up 16.2% compared to the same quarter last year. analysts forecast that Skechers USA Inc will post 1.71 earnings per share for the current year.

In related news, Director Jeffrey Greenberg sold 180,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $31.72, for a total transaction of $5,709,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Walsh sold 750 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.81, for a total transaction of $26,107.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 461,250 shares of company stock valued at $14,955,008. 38.20% of the stock is owned by corporate insiders.

Skechers U.SA, Inc is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales.

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