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.



Like this

Latest


14 October 2017
Trump Administration Pulls the Plug on CSR Payments
Democratic National Committee Chairman, Tom Perez, said in a statement on Friday: "Trump is gambling with American lives". All told, the CBO projected that ending CSR payments would raise the federal deficit by $194 billion through 2026.

14 October 2017
Cowen and Company Increases JetBlue Airways Corporation (JBLU) Price Target to $22.00
Finally, Verition Fund Management LLC bought a new position in JetBlue Airways during the third quarter worth $851,000. Applied Optoelectronics, Inc . (NASDAQ:AAOI) overall volume in the last trading session was 3,189,710 shares.

14 October 2017
Liverpool: Martial and Smalling start as Mourinho makes three changes
Ander Herrera and Anthony Martial have been handed starting berths in Manchester United's Premier League clash with Liverpool . Eric Bailly is not included in the matchday squad, while Victor Lindelof and Axel Tuanzebe are among the substitutes.

14 October 2017
Southern Copper Corporation (NYSE:SCCO) Upward Momentum Touches New Heights
News headlines about Southern Copper Corporation (NYSE:SCCO) have trended somewhat positive recently, according to Accern. Sit Investment Associates Inc. boosted its holdings in shares of Southern Copper Corporation by 68.8% in the 2nd quarter.

14 October 2017
Brock Lesnar vs. Jinder Mahal now planned for WWE Survivor Series
Mahal took to Twitter and posted photos with Sachin and Arjun. Arjun is widely regarded to be a WWE fan himself. Editorial team of CricketCountry.

14 October 2017
Is The Stock A Good Investment?: Energy Transfer Partners, LP (NYSE: ETP)
However, the company sales do not necessarily expose the entire picture, as it might be unprofitable with a low P/S ratio. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations.

14 October 2017
Triumph Group Inc (TGI) Lowered to "Reduce" at Standpoint Research
Schwab Charles Investment Management Inc. raised its stake in shares of Triumph Group by 8.3% in the first quarter. The stock of Triumph Group Inc (NYSE:TGI) earned "Buy" rating by RBC Capital Markets on Wednesday, April 19.

14 October 2017
Goldman Sachs Group Inc. Decreases Position in Fidelity National Financial, Inc. (FNF)
Amp Capital Ltd holds 121,858 shares or 0.03% of its portfolio. (NYSE:PANW) plunged -0.51% with the closing price of $148.24. Investors are a little more bullish on FNFV Group of Fidelity National of late as shown by the motion in short interest.

14 October 2017
Cent slams Wendy Williams for speaking against him
He wrote on Instagram: 'Excuse me if I seem a little insensitive at times. "I'm different. "He's got real petty ways about him".

14 October 2017
Pre-order Samsung's Gear IconX headphones and the Gear Sport watch
Samsung's portfolio of wearables are uniquely designed for different consumers to meet their needs and fit into their lifestyle. If connected to the Galaxy S8, S8 Plus and Note 8, users will be able to control Bixby's AI features as well.



Recommended