top of page
  • Kevin Freeman

This is What Makes Skechers U.S.A. Inc. Stocks A Gamechanger?

Currently, Skechers U.S.A. Inc. [SKX] is trading at $48.49, down -0.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SKX shares have gain 4.91% over the last week, with a monthly amount glided 15.26%, and seem to be holding up well over a long-time horizon.

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

On 12, January 2023, Skechers to Report Fourth Quarter and Full Year 2022 Financial Results on Thursday, February 2nd. In a post published today on Yahoo Finance, Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™, today announced that the Company will release its fourth quarter and full year 2022 financial results after market close on Thursday, February 2, 2023. Following the press release, David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will review the results during a conference call at approximately 4:30 p.m. ET / 1:30 p.m. PT.

From an analyst’s perspective:

Skechers U.S.A. Inc. [NYSE: SKX] stock has seen the most recent analyst activity on January 23, 2023, when Cowen upgraded its rating to a Outperform and also boosted its price target to $65 from $48. Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 18, 2023, and kept the price target unchanged to $46. On January 06, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $50 on the stock. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $42 on December 29, 2022. Argus downgraded its rating to a Hold. Raymond James started tracking with a Outperform rating for this stock on October 13, 2022, and assigned it a price target of $40. In a note dated June 15, 2022, Argus upgraded an Buy rating on this stock but restated the target price of $44.

This stock has fluctuated between a low of $31.28 and a high of $49.89 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $51.61 within the next 12 months. Skechers U.S.A. Inc. [NYSE: SKX] shares were valued at $48.49 at the most recent close of the market. An investor can expect a potential return of 6.43% based on the average SKX price forecast.

Analyzing the SKX fundamentals

Recent quarter sales for Skechers U.S.A. Inc. [NYSE:SKX] were 1.88 billion which represents 20.50% growth. Gross Margin for this corporation currently stands at +47.09% with Operating Margin at +9.12%, Pretax Margin comes in at +9.07%, and Net Margin reading is +11.80%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.99 points at the first support level, and at 47.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.01, and for the 2nd resistance point, it is at 49.53.

Skechers U.S.A. Inc. [SKX] reported earnings per share of $0.55 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.7/share, meaning a difference of -$0.15 and a surprise factor of -21.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.58 per share as compared to estimates of $0.54 per share, a difference of $0.04 representing a surprise of 7.40%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Skechers U.S.A. Inc. [NYSE:SKX] is 2.30. In addition, the Quick Ratio stands at 1.32 and the Cash Ratio stands at 0.62. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 2.08 and the P/E (TTM) ratio is 10.90.

Transactions by insiders

In the past 3 months, 0 insiders have purchased 0 shares, and 7 have sold 51,957 shares. Recent insider trading involved GREENBERG MICHAEL, President, that happened on Jan 03 when 10503.0 shares were sold. Chief Operating Officer, WEINBERG DAVID completed a deal on Jan 03 to sell 8403.0 shares. Meanwhile, General Counsel & Secretary PACCIONE PHILLIP sold 561.0 shares on Dec 07.

bottom of page