Skechers U.S.A. (SKX) has risen sharply, recording gains of 2.91% in the past 4 weeks. However, the stock has corrected -1.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.66% and the fifty day Moving Average is 9.48%. Skechers U.S.A., Inc. has dropped 19.43% during the last three month period . Year-to-Date the stock performance stands at -18.17%.
Skechers U.S.A. (SKX) : 7 Wall Street analysts covering Skechers U.S.A. (SKX) believe that the average level the stock could reach for the short term is $34. The maximum price target given is $45 and the minimum target for short term is around $24, hence the standard deviation is calculated at $8.25.
Skechers U.S.A. (NYSE:SKX): On Fridays trading session , Opening price of the stock was $24.82 with an intraday high of $25.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.521. However, the stock managed to close at $24.72, a loss of 0.76% for the day. On the previous day, the stock had closed at $24.91. The total traded volume of the day was 1,354,171 shares.
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.