Skechers USA – Consensus points to potential rise of 47.3%

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Skechers United States with ticker code (SKX) now have 13 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The range between the high target price and the low target price is between 72 and 47 by calculating the average target price that we see 61.42. Now, with the previous closing price of 41.69, that would imply a potential rise of 47.3%. The 50 day MA is 45.51 and the 200 moving average is now rising to 46.76. The company’s market capitalization is $ 6,497 million. More information on: https://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, sporty, hiking sneakers, 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, sports shoes, boots and sandals for boys and girls; non-slip, toe-cap casual shoes for men and women, boots, hiking shoes and athletic shoes; 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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