Skechers U.S.A. (NYSE:SKX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.72 by 9 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Macquarie initiates coverage on Skechers U.S.A. (NYSE:SKX) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $45 per share. The rating by the firm was issued on April 7, 2016.
Skechers U.S.A. (NYSE:SKX): 9 analysts have set the short term price target of Skechers U.S.A. (NYSE:SKX) at $40.22. The standard deviation of short term price target has been estimated at $7.89, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 54 and $30 respectively.
Skechers U.S.A. (NYSE:SKX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.34% or 0.1 points. After the session commenced at $29.64, the stock reached the higher end at $29.83 while it hit a low of $29.3. With the volume soaring to 1,225,326 shares, the last trade was called at $29.44. The company has a 52-week high of $54.533333. The company has a market cap of $4,644 million and there are 157,749,270 shares in outstanding. The 52-week low of the share price is $24.56.
Shares of Skechers U.S.A., Inc. appreciated by 1.27% during the last five trading days but lost 1.8% on a 4-week basis. Skechers U.S.A., Inc. has dropped 5.22% during the last 3-month period . Year-to-Date the stock performance stands at -2.55%.
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.