Skechers U.S.A. (SKX) Stock Price, News & Analysis

Company Overview

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands. In addition, the company provides men's and women's slip-resistant and safety-toe casuals, and boots for protective footwear in their work environments. It sells its products through department stores, family shoe stores, specialty running and sporting goods retailers, and big box club stores; franchisee and licensee third-party store operators; company-owned retail stores; digital commerce sites and mobile applications; and concept, factory outlet, and big box stores. The company licenses its Skechers brand. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.

Key Stats

• Today's Range: $59.41 to $60.03
• 50-Day Range: $59.23 to $69.23
• 52-Week Range: $54.80 to $75.09
• Volume: 110,897 shs
• Average Volume: 1.88 million shs
• Market Capitalization: $9.04 billion
• P/E Ratio: 14.75
• Dividend Yield: N/A
• Price Target: $78.09
• Consensus Rating: Buy

Skechers U.S.A. Stock Analysis - MarketRank™

Skechers U.S.A. scored higher than 99% of companies evaluated by MarketBeat, and ranked 4th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Skechers U.S.A. has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Skechers U.S.A. has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 14.12%

Earnings Growth

Earnings for Skechers U.S.A. are expected to grow by 14.12% in the coming year, from $4.25 to $4.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Skechers U.S.A. is 14.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Skechers U.S.A. is 14.75, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.10.

Price to Earnings Growth Ratio

Skechers U.S.A. has a PEG Ratio of 0.84. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Skechers U.S.A. has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.93% of the float of Skechers U.S.A. has been sold short.

Short Interest Ratio / Days to Cover

Skechers U.S.A. has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Skechers U.S.A. has recently increased by 13.98%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Skechers U.S.A. does not currently pay a dividend.

Dividend Growth

Skechers U.S.A. does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -3.68

Percentage of Shares Shorted

4.93% of the float of Skechers U.S.A. has been sold short.

Short Interest Ratio / Days to Cover

Skechers U.S.A. has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Skechers U.S.A. has recently increased by 13.98%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.07

News Sentiment

Skechers U.S.A. has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Skechers U.S.A. this week, compared to 8 articles on an average week.

Search Interest

37 people have searched for SKX on MarketBeat in the last 30 days. This is an increase of 48% compared to the previous 30 days.

MarketBeat Follows

Only 9 people have added Skechers U.S.A. to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Skechers U.S.A. insiders have not sold or bought any company stock.

Percentage Held by Insiders

24.75% of the stock of Skechers U.S.A. is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

79.96% of the stock of Skechers U.S.A. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SKX Stock Analysis - Frequently Asked Questions

How have SKX shares performed this year?

Skechers U.S.A.'s stock was trading at $62.34 at the beginning of the year. Since then, SKX stock has decreased by 3.9% and is now trading at $59.88.
View the best growth stocks for 2024 here.

How were Skechers U.S.A.'s earnings last quarter?

Skechers U.S.A., Inc. (NYSE:SKX) released its earnings results on Thursday, October, 24th. The textile maker reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Skechers U.S.A.'s revenue for the quarter was up 16.0% compared to the same quarter last year.

When did Skechers U.S.A.'s stock split?

Shares of Skechers U.S.A. split on Friday, October 16th 2015. The 3-1 split was announced on Friday, August 21st 2015. The newly created shares were payable to shareholders after the market closes on Thursday, October 15th 2015. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Is Skechers U.S.A. doing a stock buyback?

Skechers U.S.A.'s board authorized a stock buyback program on Thursday, July 25th 2024, which allows the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 10.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Who are Skechers U.S.A.'s major shareholders?

Top institutional shareholders of Skechers U.S.A. include FMR LLC (13.17%), State Street Corp (3.04%), Massachusetts Financial Services Co. MA (2.89%) and Pacer Advisors Inc. (1.75%). Insiders that own company stock include Richard Siskind, Robert Greenberg, Michael Greenberg, David Weinberg, John M Vandemore, Phillip Paccione, Katherine J Blair and Mark A Nason.
View institutional ownership trends.

How do I buy shares of Skechers U.S.A.?

Shares of SKX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Skechers U.S.A. own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Skechers U.S.A. investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Footwear, except rubber
• Sub-Industry: Footwear
• Current Symbol: NYSE:SKX
• CUSIP: 83056610
• CIK: 1065837
• Web: www.skechers.com
• Phone: (310) 318-3100
• Fax: 310-318-5019
• Employees: 17,900
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $78.09
• High Stock Price Target: $84.00
• Low Stock Price Target: $66.00
• Potential Upside/Downside: +30.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.06
• Trailing P/E Ratio: 14.73
• Forward P/E Ratio: 14.08
• P/E Growth: 0.84
• Net Income: $545.80 million
• Net Margins: 7.19%
• Pretax Margin: 10.18%
• Return on Equity: 13.71%
• Return on Assets: 7.90%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.96
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $8.72 billion
• Price / Sales: 1.04
• Cash Flow: $4.69 per share
• Price / Cash Flow: 12.76
• Book Value: $28.75 per share
• Price / Book: 2.08

Miscellaneous

• Outstanding Shares: 150,972,000
• Free Float: 113,606,000
• Market Cap: $9.03 billion
• Optionable: Optionable
• Beta: 1.23