Skechers U.s.a. Inc. Stock
Price
Target price
€61.34
€61.34
-0.680%
-0.42
-0.680%
€69.45
27.09.24 / Tradegate
WKN: 922814 / Symbol: SKX / Name: Skechers USA / Stock / Textiles & Apparel / Mid Cap /
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Skechers U.s.a. Inc. Stock
Skechers U.s.a. Inc. shows a slight decrease today, losing -€0.420 (-0.680%) compared to yesterday.
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 69 € there is a slightly positive potential of 12.49% for Skechers U.s.a. Inc. compared to the current price of 61.34 €.
Pros and Cons of Skechers U.s.a. Inc. in the next few years
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Performance of Skechers U.s.a. Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Skechers U.s.a. Inc. | -0.680% | 8.682% | -1.981% | 37.472% | 8.413% | 64.098% | 83.763% |
| Deckers Outdoor | 1.560% | 5.739% | -83.228% | -70.107% | -76.397% | -56.463% | 11.007% |
| Steven Madden Ltd | 0.940% | 0.943% | 7.000% | 48.611% | 12.042% | 19.553% | 32.323% |
| Wolverine World Wide | 9.090% | 16.418% | 28.926% | 106.623% | 93.789% | -43.066% | -39.051% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-11-13
A first glance at the financials of Skechers USA (SKX) from the Textiles & Apparel industry seems to suggest a potent mix of strengths and minor weaknesses. The figures imply financial stability and profitability, with minor hitches that could be industry-related or due to economic conditions. Overall, SKX appears to be maintaining its market position effectively.
One of the major pros is SKX's solid revenue growth. The total revenue grew consistently over the three years from 2020 to 2022, increasing from $4.6B to $7.4B. This signifies strong sales and robust demand for Skechers' products.
The total assets for the same period also showed growth, indicating an overall expansion in the company's asset base, with a whopping increase from $5.8B in 2020 to about $6.9B in 2022. This gives the company a healthy leverage for future investments or to cover any unexpected financial blows.
Comments
Skechers U.S.A., Inc. (NYSE: SKX) had its price target lowered by analysts at Bank of America Co. from $87.00 to $81.00. They now have a "buy" rating on the stock.
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Ratings data for SKX provided by MarketBeat
Hey there, fellow investor! I've been eyeing Skechers lately, and I've got to say, I'm feeling pretty upbeat about this sneaker sensation. Sure, their Q2 earnings missed the mark a bit, but let's not trip over that small stumble. The company's still lacing up for some serious growth, aiming to sprint towards that $10 billion annual sales finish line by 2026. Talk about ambition!
Now, here's the kicker - Skechers is trading at a steal right now. It's like finding a pair of comfy, stylish shoes on the clearance rack! With an intrinsic value estimated around $95, the current price of about $60 looks like a bargain to me. Plus, their earnings are expected to jump by 60% in the coming years. That's not just a step in the right direction; it's a full-on marathon pace!
Sure, there are some hurdles to overcome, like supply chain hiccups and a bit of a slowdown in China. But Skechers seems to be tying its laces tight and pushing forward with innovation and smart partnerships. They're even expanding their game into football and basketball - talk about stepping up their game!
So, what's the bottom line? While I can't tell you to buy or sell, I'm personally seeing more pros than cons here. Skechers looks like it's gearing up for a strong run, and at this price, it might be worth considering lacing up with them for the long haul. Just remember, every investment race has its ups and downs!
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Skechers U.S.A., Inc. (NYSE: SKX) had its price target raised by analysts at Evercore ISI from $68.00 to $72.00. They now have an "outperform" rating on the stock.
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Ratings data for SKX provided by MarketBeat
