Analyst Price Target Update on Skechers U.S.A. (NYSE:SKX)

Skechers U.S.A. (NYSE:SKX): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $40.22 in Skechers U.S.A. (NYSE:SKX). However, the stock price could fluctuate by $ 7.89 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $54 price target with the lower price estimate is calculated at $30

Many analysts have stated their opinion on the company shares. Macquarie initiates coverage on Skechers U.S.A. (NYSE:SKX). In the latest research report, Macquarie announces the target price to $45 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on April 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Executive Vice President) of Skechers Usa Inc, Nason Mark A sold 9,055 shares at $30 on May 26, 2016. The Insider selling transaction had a total value worth of $271,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Skechers U.S.A. (NYSE:SKX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.7 points or 2.35% at $29.05 with 1,698,006 shares getting traded. Post opening the session at $29.53, the shares hit an intraday low of $29.01 and an intraday high of $29.824 and the price was in this range throughout the day. The company has a market cap of $4,583 million and the number of outstanding shares have been calculated to be 157,749,270 shares. The 52-week high of Skechers U.S.A. (NYSE:SKX) is $54.533333 and the 52-week low is $24.56.

Skechers U.Skechers U.S.A., Inc. is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Companys brands are sold through department and specialty stores, athletic and independent retailers, boutiques and internet retailers. In addition to wholesale distribution, its footwear is available at its e-commerce site and its own retail stores. As of February 15, 2015, the Company owned and operated 119 concept stores, 146 factory outlet stores and 98 warehouse outlet stores in the United States, and 51 concept stores, 33 factory outlet stores, and three warehouse outlet stores internationally.

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