Berenberg Bank sticks to its buy rating for Skechers USA By Investing.com
Berenberg Bank analyst Brian McNamara maintained a buy rating on Skechers USA (NYSE 🙂 on Friday, setting a price target of $ 69, or about 37.29% above the current price of the. share of $ 50.26.
McNamara expects Skechers USA to post earnings per share (EPS) of $ 0.64 for the third quarter of 2021.
The current consensus between 6 TipRanks Analysts are for a strong buy rating of Skechers USA shares, with an average price target of $ 59.83.
Analysts’ price targets range from a high of $ 69 to a low of $ 55.
In its latest earnings report, released on 3/31/2021, the company reported quarterly revenue of $ 1.43 billion and net profit of $ 157.67 million. The company’s market capitalization is $ 7.8 billion.
According to TipRanks.com, Berenberg Bank analyst Brian McNamara is currently rated with 4 stars on a 0 to 5 star rating scale, with an average performance of 16.1% and a success rate of 72.41%.
SKECHERS USA, Inc. is dedicated to the design, development and marketing of lifestyle footwear for men, women and children of all ages. It operates through the following segments: Domestic Wholesale, International Wholesale and Retail. The National Wholesale segment distributes footwear through the national wholesale distribution channels: department stores, specialty stores, athletic shoe stores and independent retailers, as well as catalog and Internet retailers. The international wholesale segment includes international direct sales of subsidiaries and sales of international distributors. Retail sales segment refers to e-commerce that operates through concept stores, outlet stores and warehouse stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, California.
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