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Skechers USA (SKX)
NYSE:SKX
Skechers USA (SKX) Stock Price & Analysis
1,133 Followers
SKX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.58 - $69.07
Previous Close$67.78
Volume1.07M
Average Volume (3M)1.65M
Market Cap
$10.46B
Enterprise Value$11.24B
Total Cash (Recent Filing)$1.16B
Total Debt (Recent Filing)$1.66B
Price to Earnings (P/E)17.8
Beta0.96
Next Earnings
Jul 25, 2024EPS Estimate
$0.94Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.80
Shares Outstanding152,516,607
10 Day Avg. Volume1,472,983
30 Day Avg. Volume1,651,623
Standard Deviation0.10
R-Squared0.44
Alpha0.00434
Financial Highlights & Ratios
Price to Book (P/B)2.64
Price to Sales (P/S)4.81
Price to Cash Flow (P/CF)8.30
P/FCF Ratio8.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.42
Enterprise Value/Gross Profit3.20
Enterprise Value/Ebitda11.99
Forecast
1Y Price Target
$73.90Price Target Upside8.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Skechers USA News
PremiumThe Fly
Skechers rises 15.5%PremiumThe Fly
Skechers rises 15.5%
Bulls Say, Bears Say
Bulls Say
Financial PerformanceSustainable strong gross margins are driven by demand for premium products, clean inventories, and increased direct-to-consumer penetration.
Market PositionSkechers continues to reinforce its position as the premier accessible stylish and functional global comfort brand.
Product DemandThe demand for Skechers shoes across channels, geographies, and merchandise categories continues to gain momentum.
Bears Say
Market TrendsUS wholesale still not out of the woods with no expectations for a big restocking year and guidance for US wholesale sales to increase at a low single-digit to mid-single-digit rate.
Regulatory ChallengesNew regulations in India present challenges due to restrictions on importing products.
Trade Policy RisksThe biggest longer-term macro risk we see is future trade policy and tariffs with roughly 50% of manufacturing in China.
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Ownership Overview
1.79% Insiders
31.30% Mutual Funds
27.29% Other Institutional Investors
39.61% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
Website Traffic
The estimated number of people who visited one or more of the websites owned by Skechers USA
Desktop Users
Mobile Users
SKX FAQ
What was Skechers USA’s price range in the past 12 months?
Skechers USA lowest stock price was $45.58 and its highest was $69.07 in the past 12 months.
What is Skechers USA’s market cap?
Currently, no data Available
When is Skechers USA’s upcoming earnings report date?
Skechers USA’s upcoming earnings report date is Jul 25, 2024 which is in 72 days.
How were Skechers USA’s earnings last quarter?
Skechers USA released its earnings results on Apr 25, 2024. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.1 by $0.27.
Is Skechers USA overvalued?
According to Wall Street analysts Skechers USA’s price is currently Undervalued.
Does Skechers USA pay dividends?
Skechers USA does not currently pay dividends.
What is Skechers USA’s EPS estimate?
Skechers USA’s EPS estimate is $0.94.
How many shares outstanding does Skechers USA have?
Skechers USA has 133,094,100 shares outstanding.
What happened to Skechers USA’s price movement after its last earnings report?
Skechers USA reported an EPS of $1.37 in its last earnings report, beating expectations of $1.1. Following the earnings report the stock price went up 11.204%.
Which hedge fund is a major shareholder of Skechers USA?
Among the largest hedge funds holding Skechers USA’s share is Theleme Partners Llp. It holds Skechers USA’s shares valued at 70M.
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Skechers USA Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$73.90 (8.29% Upside)
$73.90 (8.29% Upside)
Blogger Sentiment
Bullish
SKX Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 3.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $39.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.2%
Last 30 Days ▲ 9.2%
Last 30 Days ▲ 9.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.22%
12-Months-Change
Fundamentals
Return on Equity
15.06%
Trailing 12-Months
Asset Growth
7.42%
Trailing 12-Months
Company Description
Skechers USA
SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The Domestic Wholesale Sales segment distributes footwear through the domestic wholesale distribution channels: department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale Sales segment includes international direct subsidiary sales and international distributor sales. The Retail Sales segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.
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SKX Earnings Call
Q1 2024
0:00 / 0:00
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SKX Stock 12 Month Forecast
Average Price Target
$73.90
▲(8.29% Upside)
Technical Analysis
Best Analysts Covering SKX
1 Year
1 Year Success Rate
13/14 ratings generated profit
1 Year Average Return
+31.51%
reiterated a buy rating 26 days ago
Copying Tom Nikic's trades and holding each position for 1 Year would result in 92.86% of your transactions generating a profit, with an average return of +31.51% per trade.
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