Analyst Rating Update on Skechers U.S.A. (SKX)

Skechers U.S.A. (SKX) : The consensus on Skechers U.S.A. (SKX) based on 8 analyst recommendation on the company stock is 2.06, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Skechers U.S.A. (SKX) : Average target price received by Skechers U.S.A. (SKX) is $36.88 with an expected standard deviation of $10.06. The most aggressive target on the stock is $54, whereas the most downbeat target is $24. 8 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Monness Crespi Hardt downgrades their rating on the shares of Skechers U.S.A. (NYSE:SKX). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 22, 2016.


Skechers U.S.A. (NYSE:SKX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.55 and $22.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.52, notching a gain of 2.80% for the day. The total traded volume was 2,953,488 . The stock had closed at $22.88 on the previous day.

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.

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