Skechers U.S.A., Inc. which can be found using ticker (SKX) now have 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 62 and 46 with the average target price sitting at $54.18. Now with the previous closing price of $46.31 and the analysts are correct then there would likely be a percentage uptick in value of 17.0%. It’s also worth noting that there is a 50 day moving average of $45.19 while the 200 day moving average is $40.31. The total market capitalization for the company now stands at $7,169m. Visit the company website at: https://www.skechers.com
The potential market cap would be $8,388m based on the market consensus.
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through two segments, Wholesale and Direct-to-Consumer. It 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, Foamies, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the S-Lights, Skech-Air, Foamies, Twinkle Toes, Skechers Stretch Fit, and Skechers Street brands; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands, as well as Skechers Viper Court for pickleball. The company also provides men’s and women’s slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids. The company sells its products through department stores, family shoe stores, specialty running and sporting goods retailers, and big box club stores; franchisee and licensee third-party store operators; company-owned retail stores; digital commerce sites and mobile applications; and concept, factory outlet, and big box stores. It also licenses its Skechers brand. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 19.48, revenue per share of 47.84 and a 5.11% return on assets.
