Skechers U.S.A., Inc. Share Price Target ‘$82.05’, now 34.3% Upside Potential

Broker Ratings
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Skechers U.S.A., Inc. which can be found using ticker (SKX) have now 14 analysts in total covering the stock. The consensus rating is pointing to ‘strong_buy’. The range between the high target price and low target price is between $100.00 and $72.00 suggesting an average analyst share price target price of $82.05. (at the time of writing). Given that the stocks previous close was at $61.09 this would imply there is now a potential upside of 34.3%. The 50 day MA is $64.24 and the 200 day MA is $64.34. The company has a market cap of 9.30B. The stock price is currently at: $61.57 USD

The potential market cap would be $12,484,907,575 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 15.17, revenue per share of $57.10 and a 6.84% return on assets.

Skechers U.S.A., Inc. designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company has two segments: Wholesale and Direct-to-Consumer. Wholesale segment primarily comprises sales to its network of partners, including department stores, family shoe stores, specialty running and sporting goods retailers, and big box club stores; franchisee and licensee third-party store operators representing approximately 3,100 Skechers branded stores worldwide; dedicated e-commerce retailers; and international distributors. Direct-to-Consumer segment primarily comprises sales by Skechers directly to consumers through a combination of channels, including approximately 1,450 the Company-owned retail stores in formats consisting of concept, factory outlet and big box; digital commerce sites and mobile applications; and hosted direct-to-consumer sales through marketplaces in select international markets.

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