# Skechers U.S.A., Inc.  Share Price Target ‘$71.00’, now 16.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/skechers-u.s.a.inc.share-price-target-71.00-now-16.4-upside-potential/4121148536
- Published: 2024-03-22T14:14:42+00:00
- Author: Charlotte Edwards

**Skechers U.S.A., Inc.** which can be found using ticker (SKX) now have 12 analysts
in total covering the stock. The consensus rating is pointing to ‘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 $71.00. (at the time of writing).
Now with the previous closing price of $61.01 this would indicate that there is 
a potential upside of 16.4%. There is a 50 day moving average of $61.02 while the
200 day moving average is $54.85. The company has a market cap of 9.43B. The stock
price for the company is currently $61.54 USD

 The potential market cap would be $10,977,133,777 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 17.63, revenue per share of $51.77
and a 6.81% 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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