Short Term Price Target on Skechers U.S.A. (SKX)

Skechers U.S.A. (NYSE:SKX) : 9 investment research analysts covering Skechers U.S.A. (NYSE:SKX) have an average price target of $40.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $54 and the lowest target is $30 for the short term. Analysts expect the variance to be within $7.89 of the average price.

Shares of Skechers U.S.A., Inc. appreciated by 1.43% during the last five trading days but lost 5.56% on a 4-week basis. Skechers U.S.A., Inc. has dropped 1.98% during the last 3-month period . Year-to-Date the stock performance stands at -1.62%. Also, Macquarie initiates coverage on Skechers U.S.A. (NYSE:SKX). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Macquarie announces a current price target of $45 per share. The rating by the firm was issued on April 7, 2016.

Skechers U.S.A. (NYSE:SKX) : 5 brokerage houses believe that Skechers U.S.A. (NYSE:SKX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Skechers U.S.A. (NYSE:SKX). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.72.

Skechers U.S.A. (NYSE:SKX): The stock opened at $30.01 on Thursday but the bulls could not build on the opening and the stock topped out at $30.07 for the day. The stock traded down to $29.36 during the day, due to lack of any buying support eventually closed down at $29.72 with a loss of -1.07% for the day. The stock had closed at $30.04 on the previous day. The total traded volume was 2,777,715 shares.

In an insider trading activity,The director of Skechers Usa Inc, Greenberg Jeffrey sold 10,000 shares at $31.36 on June 1, 2016. The Insider selling transaction had a total value worth of $313,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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