Skechers (SKX)

• Market cap: $11.3B
• 1 day: 5.47%
• 5 days: 2.49%
• 1 month: 9.71%
• 3 months: 18.33%
• 6 months: 14.92%
• Year to date: 9.66%
• 1 year: 16.13%
• 5 years: 79.06%
• 10 years: 291.46%
• Sector: Consumer Discretionary
• Industry: Footwear, Except Rubber

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 Q3 regulatory filings by fund managers ($100M+ AUM)

39% more call options, than puts

Call options by funds: $107M | Put options by funds: $77.1M

26% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 68

3% more funds holding

Funds holding: 488 [Q2] → 502 (+14) [Q3]

4% less capital invested

Capital invested by funds: $8.42B [Q2] → $8.05B (-$377M) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 167 | Existing positions reduced: 183

1.19% less ownership

Funds ownership: 92.08% [Q2] → 90.89% (-1.19%) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

Research analyst outlook

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

• Low target: $65 12% downside
• Avg. target: $81 10% upside
• High target: $93 26% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

TD Cowen John Kernan 75% 1-year accuracy 45 / 60 met price target	26% upside $93	Buy Maintained	8 Jan 2025
Piper Sandler Anna Andreeva 59% 1-year accuracy 22 / 37 met price target	12% downside $65	Neutral Assumed	10 Dec 2024
Deutsche Bank Krisztina Katai 55% 1-year accuracy 11 / 20 met price target	14% upside $84	Buy Maintained	25 Oct 2024
Barclays Adrienne Yih 51% 1-year accuracy 48 / 95 met price target	8% upside $80	Overweight Maintained	25 Oct 2024
B of A Securities Christopher Nardone 50% 1-year accuracy 3 / 6 met price target	8% upside $80	Buy Maintained	25 Oct 2024