# Skechers U.S.A., Inc.  Share Price Target ‘$71.00’, now 22.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/skechers-u.s.a.inc.share-price-target-71.00-now-22.2-upside-potential/4121150396
- Published: 2024-04-05T15:07:07+01:00
- Author: Charlotte Edwards

**Skechers U.S.A., Inc.** with ticker code (SKX) have now 13 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The target price High/Low 
ranges between $85.00 and $56.00 calculating the mean target share price we have
$71.00. (at the time of writing). Given that the stocks previous close was at $58.08
and the analysts are correct then there would likely be a percentage uptick in value
of 22.2%. It’s also worth noting that there is a 50 day moving average of $60.41
and the 200 day moving average is $55.17. The company has a market capitalization
of 8.95B. The stock price is currently at: $58.38 USD

 The potential market cap would be $10,938,807,502 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 16.73, 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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