Analyst Rating Update on Skechers U.S.A. (SKX)

Skechers U.S.A. (NYSE:SKX) : Zacks Investment Research ranks Skechers U.S.A. (NYSE:SKX) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.72, which indicates as a Buy.

Skechers U.S.A. (NYSE:SKX) : The consensus price target for Skechers U.S.A. (NYSE:SKX) is $40.22 for the short term with a standard deviation of $7.89. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $30.

For the current week, the company shares have a recommendation consensus of Buy. Also, Macquarie initiates coverage on Skechers U.S.A. (NYSE:SKX). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Macquarie announces a current price target of $45 per share. The rating by the firm was issued on April 7, 2016.

Skechers U.S.A. (NYSE:SKX): stock turned positive on Tuesday. Though the stock opened at $27.66, the bulls momentum made the stock top out at $28.23 level for the day. The stock recorded a low of $27.48 and closed the trading day at $28.16, in the green by 3.30%. The total traded volume for the day was 2,236,550. The stock had closed at $27.26 in the previous days trading.

In an insider trading activity,The director of Skechers Usa Inc, Greenberg Jeffrey sold 10,000 shares at $31.36 on June 1, 2016. The Insider selling transaction had a total value worth of $313,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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