Skechers U.S.A. with ticker code (SKX) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 72 and 50 calculating the average target price we see 61.54. Given that the stocks previous close was at 48.21 this now indicates there is a potential upside of 27.6%. There is a 50 day moving average of 43.82 and the 200 day moving average is 46.91. The company has a market cap of $7,362m. You can visit the company’s website by visiting: https://www.skechers.com
The potential market cap would be $9,397m based on the market concensus.
Skechers U.S.A. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. The company offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands; sneakers, casuals, boots, and sandals for boys and girls; men’s and women’s slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids. As of December 31, 2020, it operated approximately 3,891 company- and third party-owned Skechers stores. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and online retailers; and through its e-commerce sites, concept stores, and factory and warehouse outlet stores. Skechers U.S.A. was incorporated in 1992 and is headquartered in Manhattan Beach, California.
