Skechers U.S.A. (NYSE:SKX – Get Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.70-$0.75 for the period, compared to the consensus earnings per share estimate of $0.84. The company issued revenue guidance of $1.80 billion-$1.85 billion, compared to the consensus revenue estimate of $1.82 billion. Skechers U.S.A. also updated its FY 2022 guidance to $2.60-$2.70 EPS.
Skechers U.S.A. Price Performance
SKX stock opened at $39.33 on Friday. The company’s 50-day moving average price is $37.84 and its two-hundred day moving average price is $39.71. Skechers U.S.A. has a 12 month low of $33.50 and a 12 month high of $54.45. The company has a quick ratio of 1.31, a current ratio of 2.34 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.14 billion, a P/E ratio of 8.61 and a beta of 1.30.
Analyst Upgrades and Downgrades
SKX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Skechers U.S.A. from $62.00 to $61.00 in a research report on Monday, April 25th. TheStreet downgraded shares of Skechers U.S.A. from a b rating to a c+ rating in a research report on Tuesday, May 17th. Berenberg Bank restated a buy rating and issued a $71.00 price target on shares of Skechers U.S.A. in a research report on Tuesday, May 17th. Wedbush lowered their price objective on shares of Skechers U.S.A. from $48.00 to $42.00 and set an outperform rating for the company in a research note on Wednesday, July 27th. Finally, Argus upgraded shares of Skechers U.S.A. from a hold rating to a buy rating and set a $44.00 price objective for the company in a research note on Wednesday, June 15th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Skechers U.S.A. presently has a consensus rating of Moderate Buy and an average price target of $51.89.
Institutional Trading of Skechers U.S.A.
Skechers U.S.A. Company Profile
Skechers U.SA, Inc designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women worldwide. The company operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer. It offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands.
- Get a free copy of the StockNews.com research report on Skechers U.S.A. (SKX)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Skechers U.S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skechers U.S.A. and related companies with MarketBeat.com's FREE daily email newsletter.