Skechers USA – Consensus indicates potential rise of 11.4%
Skechers United States with the ticker code (SKX) now have 11 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the high target price and the low target price is between 70 and 40 by calculating the average target price that we have 56.63. Given that the previous close of shares was at 50.85, this indicates that there is a potential upside of 11.4%. The 50-day moving average is now at 48.06 and the 200-day MA is at 42.03. The company has a market capitalization of $ 7,888 million. More information on: http://www.skechers.com
Skechers USA designs, develops, markets and distributes footwear for men, women and children; and performance footwear for men and women under the Skechers brand worldwide. It operates through three segments: domestic wholesaling, international wholesaling and direct-to-consumer sales. The company offers casual sneakers, athletic, hiking, sandals, boots and retro fashion footwear for men and women under the brands Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason and BOBS; sneakers, casual shoes, 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; technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail and Skechers GO Golf brands; sneakers, casuals, boots and sandals for boys and girls; non-slip and safety casual shoes, boots, hiking shoes and athletic shoes for men and women; and lifestyle clothing for men, women and children. As of December 31, 2020, it operated approximately 3,891 Company-owned and third-party Skechers stores. The Company sells its products through department and specialty stores, sports and independent retailers, boutiques and online retailers; and through its e-commerce sites, concept stores, and factory and warehouse outlets. Skechers USA was incorporated in 1992 and is headquartered in Manhattan Beach, California.
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