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Skechers USA (SKX)
NYSE:SKX
Skechers USA (SKX) Stock Price & Analysis
1,208 Followers
SKX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.58 - $75.09
Previous Close$67.53
Volume1.74M
Average Volume (3M)1.83M
Market Cap
$10.30B
Enterprise Value$11.11B
Total Cash (Recent Filing)$1.26B
Total Debt (Recent Filing)$1.68B
Price to Earnings (P/E)17.8
Beta0.92
Next Earnings
Jul 25, 2024EPS Estimate
$0.94Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)3.80
Shares Outstanding152,516,607
10 Day Avg. Volume2,027,623
30 Day Avg. Volume1,829,091
Standard Deviation0.10
R-Squared0.42
Alpha0.00538
Financial Highlights & Ratios
Price to Book (P/B)2.83
Price to Sales (P/S)1.20
Price to Cash Flow (P/CF)8.90
P/FCF Ratio11.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.39
Enterprise Value/Gross Profit2.67
Enterprise Value/Ebitda13.82
Forecast
1Y Price Target
$75.77Price Target Upside12.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
Skechers USA News
Bulls Say, Bears Say
Bulls Say
Brand StrengthThe market underappreciates the strength of the Skechers brand and the company's revenue potential.
Expansion Into New CategoriesExpansion into new categories like football and basketball will boost the brand and show that Skechers can compete in the performance athletic space.
Financial PerformanceSustained double-digit top-line growth story deserves a higher multiple, noting the shares trade at a discount to peers.
Bears Say
Brand ElevationSome investors are skeptical of the company's efforts to elevate its brand and drive meaningful growth in new categories, especially amid rising competition in footwear.
Consumer SpendingRisks to the target price include a consumer spending slowdown in North America and Europe, a deteriorating macroenvironment in China, less-than-expected growth from new categories, and increasing competition in the comfort footwear market.
Financial DisciplineThere is a risk that CEO Robert Greenberg may surprise investors with elevated levels of SG&A spending, which could impact financial discipline.
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Ownership Overview
1.82% Insiders
31.82% Mutual Funds
21.81% Other Institutional Investors
44.55% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
Website Traffic
The estimated number of people who visited one or more of the websites owned by Skechers USA
Desktop Users
Mobile Users
SKX FAQ
What was Skechers USA’s price range in the past 12 months?
Skechers USA lowest stock price was $45.58 and its highest was $75.09 in the past 12 months.
What is Skechers USA’s market cap?
Currently, no data Available
When is Skechers USA’s upcoming earnings report date?
Skechers USA’s upcoming earnings report date is Jul 25, 2024 which is in 22 days.
How were Skechers USA’s earnings last quarter?
Skechers USA released its earnings results on Apr 25, 2024. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.1 by $0.27.
Is Skechers USA overvalued?
According to Wall Street analysts Skechers USA’s price is currently Undervalued.
Does Skechers USA pay dividends?
Skechers USA does not currently pay dividends.
What is Skechers USA’s EPS estimate?
Skechers USA’s EPS estimate is $0.94.
How many shares outstanding does Skechers USA have?
Skechers USA has 132,395,250 shares outstanding.
What happened to Skechers USA’s price movement after its last earnings report?
Skechers USA reported an EPS of $1.37 in its last earnings report, beating expectations of $1.1. Following the earnings report the stock price went up 11.204%.
Which hedge fund is a major shareholder of Skechers USA?
Among the largest hedge funds holding Skechers USA’s share is Theleme Partners Llp. It holds Skechers USA’s shares valued at 69M.
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Skechers USA Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$75.77 (12.90% Upside)
$75.77 (12.90% Upside)
Blogger Sentiment
Bullish
SKX Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 283.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $320.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.9%
Last 30 Days ▲ 18.5%
Last 30 Days ▲ 18.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.23%
12-Months-Change
Fundamentals
Return on Equity
15.06%
Trailing 12-Months
Asset Growth
7.42%
Trailing 12-Months
Company Description
Skechers USA
SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The Domestic Wholesale Sales segment distributes footwear through the domestic wholesale distribution channels: department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale Sales segment includes international direct subsidiary sales and international distributor sales. The Retail Sales segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.
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SKX Earnings Call
Q1 2024
0:00 / 0:00
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SKX Stock 12 Month Forecast
Average Price Target
$75.77
▲(12.90% Upside)
Technical Analysis
Best Analysts Covering SKX
1 Year
1 Year Success Rate
13/14 ratings generated profit
1 Year Average Return
+30.98%
reiterated a buy rating 2 months ago
Copying Tom Nikic's trades and holding each position for 1 Year would result in 92.86% of your transactions generating a profit, with an average return of +30.98% per trade.
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