Economy

Skechers USA, Inc. (SKX) Receives $31.62 Average Price Target from Analysts

Citigroup Inc. raised their price target on Skechers U.S.A. from $30.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, July 21st.

Ratings analysis reveals 76% of Skechers Usa Inc.'s analysts are positive. The stock of Skechers USA Inc (NYSE:SKX) earned "Buy" rating by Cowen & Co on Monday, August 14. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The average twelve-month price objective among analysts that have issued a report on the stock in the previous year is $31.62.

Skechers U.S.A., Inc. (NYSE:SKX) has been given an average rating of "Hold" by the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Investors who are keeping close eye on the stock of Immunomedics, Inc. This is an increase of 1,014% compared to the typical volume of 190 call options. If you take a peek at Skechers U.S.A., Inc. The company maintains price to book ratio of 0.00 vs.an industry average at 0.56.

Skechers U.S.A., Inc. has a 50 day moving average of 25.60 and a 200 day moving average of 26.51. Skechers USA has a one year low of $18.81 and a one year high of $32.71. The stock of Skechers USA Inc (NYSE:SKX) earned "Buy" rating by Sterne Agee CRT on Sunday, September 6. After $0.72 actual EPS reported by Burlington Stores Inc for the previous quarter, Wall Street now forecasts -15.28% negative EPS growth.

Skechers U.S.A., Inc. most recently reported earnings per share (EPS) of $0.38 for the June 2017 versus $0.5 in the same quarter a year ago, representing -24% growth. Skechers U.S.A. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $966.46 million. They expect $0.61 EPS, up 22.00% or $0.11 from last year's $0.5 per share. Skechers U.S.A. The company's revenue for the quarter was up 16.9% on a year-over-year basis. Analysts anticipate that Skechers USA will post $1.77 EPS for the current year. WEINBERG DAVID also sold $589,386 worth of Skechers USA Inc (NYSE:SKX) shares. The institutional investor purchased 160,590 shares of the textile maker's stock, valued at approximately $4,737,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The portion of a company's profit allocated to each outstanding share of common stock was $1.89 a share in the trailing twelve months. The shares were sold at an average price of $27.90, for a total transaction of $41,850.00. The Redwood Investments Llc holds 21,971 shares with $2.02 million value, down from 75,216 last quarter. The disclosure for this sale can be found here. Camarda Fin Limited Company accumulated 0.05% or 1,500 shares. Institutional investors and hedge funds own 70.52% of the company's stock. Quantitative Investment Lc stated it has 0.06% in Skechers USA Inc (NYSE:SKX). US Bancorp DE now owns 3,895 shares of the textile maker's stock valued at $107,000 after purchasing an additional 1,897 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Skechers USA by 430.9% in the first quarter.

10/16/2015 - BB&T Capital Markets began new coverage on Skechers U.S.A., Inc. giving the company a "buy" rating. Finally, Exane Derivatives acquired a new stake in shares of Skechers U.S.A. during the 2nd quarter worth $118,000. Finally, Exane Derivatives purchased a new position in Skechers U.S.A.in the second quarter valued at about $118,000. As of February 1, 2017, the Company owned and operated 117 concept stores, 163 factory outlet stores and 134 warehouse outlet stores in the United States, and 101 concept stores, 51 factory outlet stores, and five warehouse outlet stores internationally.

Skechers U.S.A., 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.



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