Skechers U.S.A. – Consensus Indicates Potential 19.5% Upside

Broker Ratings

Skechers U.S.A. with ticker code (SKX) now have 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 52 and 32 with the average target price sitting at 43.73. With the stocks previous close at 36.6 this now indicates there is a potential upside of 19.5%. There is a 50 day moving average of 36.42 and the 200 moving average now moves to 33.76. The company has a market capitalisation of $6,121m. Visit the company website at: http://www.skechers.com

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.

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