Price Target Update on Skechers U.S.A. (NYSE:SKX)

Skechers U.S.A. (NYSE:SKX) : The consensus price target for Skechers U.S.A. (NYSE:SKX) is $40.22 for the short term with a standard deviation of $7.89. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $30.

Other Equity analysts have also commented on the company shares. Macquarie initiates coverage on Skechers U.S.A. (NYSE:SKX) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $45 per share. The rating by the firm was issued on April 7, 2016.

Skechers U.S.A. (NYSE:SKX): stock turned positive on Thursday. Though the stock opened at $29.39, the bulls momentum made the stock top out at $29.68 level for the day. The stock recorded a low of $29.17 and closed the trading day at $29.3, in the green by 0.83%. The total traded volume for the day was 2,224,633. The stock had closed at $29.06 in the previous days trading.

The company shares have dropped -22.22% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $54.53 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $30.44 and the 200 Day Moving Average price is recorded at $30.25. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Greenberg Jeffrey, director of Skechers Usa Inc, had unloaded 10,000 shares at an average price of $31.36 in a transaction dated on June 1, 2016. The total value of the transaction was worth $313,600.

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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