# Skechers U.S.A., Inc.  Share Price Target ‘$70.00’, now 22.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/skechers-u.s.a.inc.share-price-target-70.00-now-22.7-upside-potential/4121141922
- Published: 2024-02-09T13:47:26+00:00
- Author: Charlotte Edwards

**Skechers U.S.A., Inc.** which can be found using ticker (SKX) now have 11 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
range between the high target price and low target price is between $85.00 and $
56.00 calculating the mean target share price we have $70.00. (at the time of writing).
Given that the stocks previous close was at $57.05 this is indicating there is a
potential upside of 22.7%. The 50 day MA is $61.46 and the 200 moving average now
moves to $53.64. The company has a market capitalization of 8.93B. The current share
price for the company is: $57.97 USD

 The potential market cap would be $10,952,489,148 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 16.61, revenue per share of $51.77
and a 6.79% 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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