SkechersSKX
Market Cap: $10.1B
About: Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
Employees: 17,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
67% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]
53% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 62
11% more capital invested
Capital invested by funds: $7.49B [Q1] → $8.33B (+$838M) [Q2]
7% more funds holding
Funds holding: 448 [Q1] → 481 (+33) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 161
0.91% less ownership
Funds ownership: 91.93% [Q1] → 91.02% (-0.91%) [Q2]
24% less call options, than puts
Call options by funds: $80.7M | Put options by funds: $107M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
TD Cowen John Kernan 51% 1-year accuracy 22 / 43 met price target | 18%upside $78 | Buy Maintained | 26 Jul 2024 |
Evercore ISI Group JESALYN Wong 67% 1-year accuracy 4 / 6 met price target | 9%upside $72 | Outperform Maintained | 26 Jul 2024 |
Barclays Adrienne Yih 45% 1-year accuracy 24 / 53 met price target | 20%upside $79 | Overweight Maintained | 26 Jul 2024 |
Wedbush Tom Nikic 55% 1-year accuracy 23 / 42 met price target | 20%upside $79 | Outperform Maintained | 26 Jul 2024 |
Stifel Jim Duffy 67% 1-year accuracy 26 / 39 met price target | 26%upside $83 | Buy Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 18 articles about SKX published over the past 30 days