Skechers
SKX

$66.08

1.91%

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

Consumer Discretionary Footwear, Except Rubber

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 11 analysts

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

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$72

9%

upside

Avg. target

$80

21%

upside

High target

$87

32%

upside

11 analyst ratings

11 positive

100%

0 neutral

0%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 18 articles about SKX published over the past 30 days

Fed Rate Cuts on the Horizon: Why These 2 Stocks Stand to Benefit

The U.S. unemployment rate remains relatively low at 4.3%, although it is rising as employers hire at a slower pace than earlier in the year. The U.S. Bureau of Labor Statistics' early-September Job Openings and Labor Turnover Summary reported 7.7 million job openings, marking the lowest level since early 2021.

Fed Rate Cuts on the Horizon: Why These 2 Stocks Stand to Benefit

Skechers CFO: Consumers willing to trade up for brand's value

Yahoo Finance senior reporter Brooke DiPalma sits down with Skechers (SKX) CFO John Vandemore at Goldman Sachs's Global Retailing Conference to discuss the shoe manufacturer's business and its operations. Vandemore emphasizes that Skechers is "focused on delivering style, comfort, and quality at a reasonable price.

Zacks Investment Research

Brokers Suggest Investing in Skechers (SKX): Read This Before Placing a Bet

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Brokers Suggest Investing in Skechers (SKX): Read This Before Placing a Bet

BOBS® from Skechers® Launches Second Year of Paws for a Cause Design Scholarship

LOS ANGELES--(BUSINESS WIRE)--Skechers continues to connect young creatives across the country to the Company's lifesaving BOBS movement with the second year of its national Skechers Paws for a Cause Design Scholarship. Officially kicking off today, the program engages students as designers to create animal-themed prints for the BOBS collection that build awareness for shelter pets as part of its philanthropic offering. The second year of the program will include last year's scholarship winners.

BOBS® from Skechers® Launches Second Year of Paws for a Cause Design Scholarship

Zacks Investment Research

Here's Why Skechers (SKX) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why Skechers (SKX) is a Strong Value Stock

Zacks Investment Research

Why Skechers (SKX) is a Top Growth Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why Skechers (SKX) is a Top Growth Stock for the Long-Term

Skechers to Present at the Goldman Sachs Global Retailing Conference on September 4th

LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (“Skechers” or the “Company”) (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Global Retailing Conference in New York City on Wednesday, September 4, 2024, at 12:55 p.m. PT / 3:55 p.m. ET. The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at.

Skechers to Present at the Goldman Sachs Global Retailing Conference on September 4th

Zacks Investment Research

Skechers Stock Soars 45% in a Year: What's Next for Investors?

SKX expands its market reach with diverse products and global investments, targeting major growth by 2026. However, rising cost is a hurdle.

Skechers Stock Soars 45% in a Year: What's Next for Investors?

Finding Everlasting Love: Petco Love and BOBS® from Skechers® Celebrate National Matchmaker Day

Recognizing Staff and Volunteers at Animal Welfare Organizations Who Pair Adoptable Pets with Their Possible Matches SAN ANTONIO , Aug. 27, 2024 /PRNewswire/ -- National nonprofit Petco Love, in partnership with BOBS® from Skechers®, is highlighting the matchmaking skills of pet adoption coordinators at more than 4,000 animal welfare partner shelters and rescues across the country. Pairing an adoptable pet with a family or individual takes passion, expertise, and a whole lot of love.

Finding Everlasting Love: Petco Love and BOBS® from Skechers® Celebrate National Matchmaker Day

Football Legend Ruud Gullit Joins Team Skechers

BRUSSELS & AMSTERDAM--(BUSINESS WIRE)--Football Legend Ruud Gullit Joins Team Skechers.

Football Legend Ruud Gullit Joins Team Skechers

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