Skechers USA Inc (SKX)

NYSE
Currency in USD
75.60
+2.14(+2.91%)
Closed
After Hours
75.61+0.01(+0.01%)
SKX Scorecard
Full Analysis
Trading at a low P/E ratio relative to near-term earnings growth
Trading near 52-week High
Fair Value
Day's Range
72.2576.06
52 wk Range
55.6776.06
Key Statistics
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Prev. Close
73.46
Open
72.83
Day's Range
72.25-76.06
52 wk Range
55.67-76.06
Volume
2.03M
Average Volume (3m)
1.97M
1-Year Change
18.27%
Book Value / Share
28.61
Fair Value
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Fair Value Upside
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SKX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
82.25
Upside
+8.79%
Members' Sentiments
Bearish
Bullish
ProTips
Liquid assets exceed short term obligations
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Skechers USA Inc Company Profile

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands. In addition, the company provides men’s and women’s slip-resistant and safety-toe casuals, and boots for protective footwear in their work environments. It sells its products through department stores, family shoe stores, specialty running and sporting goods retailers, and big box club stores; franchisee and licensee third-party store operators; company-owned retail stores; digital commerce sites and mobile applications; and concept, factory outlet, and big box stores. The company licenses its Skechers brand. Skechers U.S.A., Inc. was incorporated in 1992 and is headquartered in Manhattan Beach, California.

Employees
13550

Skechers USA Inc SWOT Analysis


Global Footprint
Explore Skechers' strategic international expansion and its impact on revenue diversification and market penetration in emerging economies
Value Proposition
Delve into Skechers' unique positioning as a value leader in premium footwear, driving market share gains through comfort and affordability
Financial Resilience
Discover Skechers' robust financial health, with analyst price targets ranging from $65 to $100, reflecting strong growth potential
Operational Challenges
Learn about Skechers' strategies to navigate inventory pressures and market volatility, particularly in China, while maintaining profitability
Read full SWOT analysis

Skechers USA Inc Earnings Call Summary for Q3/2024

  • Record Q3 sales of $2.35B, up 16% YoY; EPS rose 35% to $1.26; wholesale grew 21%, DTC up 9.6%
  • International sales now 61% of revenue; EMEA up 30%, India 24%; China sales declined 5.7% due to economic challenges
  • Opened 68 new stores in Q3; plans 55-60 more in Q4; $1.6B cash, $2.42B total liquidity at quarter-end
  • FY2024 sales forecast $8.925B-$8.975B; EPS projected $4.20-$4.25; aims for $10B sales by 2026
  • Inventory up 24%, high in China and EMEA; gross margin slightly down to 52.1%; Q4 results due February 6, 2025
Last Updated: 2024/10/25, 23:12
Read Full Transcript

Compare SKX to Peers and Sector

Metrics to compare
SKX
Peers
Sector
Relationship
P/E Ratio
18.2x6.4x10.8x
PEG Ratio
0.94−0.020.02
Price/Book
2.6x0.9x1.4x
Price / LTM Sales
1.3x1.0x0.9x
Upside (Analyst Target)
12.8%17.2%24.2%
Fair Value Upside
Unlock23.0%8.1%Unlock

Analyst Ratings

14 Buy
3 Hold
0 Sell
Ratings:
17 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 82.25
(+8.79% Upside)

Earnings

Latest Release
Oct 24, 2024
EPS / Forecast
1.20 / 1.16
Revenue / Forecast
2.35B / 2.31B
EPS Revisions
Last 90 days

FAQ

What Is the Skechers (SKX) Stock Price Today?

The Skechers stock price today is 75.60

What Stock Exchange Does Skechers Trade On?

Skechers is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Skechers?

The stock symbol for Skechers is "SKX."

What Is the Skechers Market Cap?

As of today, Skechers market cap is 11.46B.

What is Skechers Earnings Per Share?

The Skechers EPS is 4.11.

What Is the Next Skechers Earnings Date?

Skechers will release its next earnings report on 05 Feb 2025.

From a Technical Analysis Perspective, Is SKX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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