# Skechers U.S.A., Inc.  Share Price Target ‘$78.50’, now 6.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/skechers-u.s.a.inc.share-price-target-78.50-now-6.4-upside-potential/4121160267
- Published: 2024-06-14T12:46:37+01:00
- Author: Charlotte Edwards

**Skechers U.S.A., Inc.** with ticker code (SKX) now have 14 market analysts covering
the stock. The analyst consensus now points to a rating of ‘buy’. The target price
High/Low ranges between $88.00 and $60.00 calculating the average target share price
we see $78.50. (at the time of writing). Given that the stocks previous close was
at $73.75 this is indicating there is a potential upside of 6.4%. The 50 day moving
average now sits at $65.42 while the 200 day moving average is $58.42. The market
capitalization for the company is 11.13B. The stock price for the company is currently
$72.99 USD

 The potential market cap would be $11,848,393,419 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 19.21, revenue per share of $53.58
and a 7.38% 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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