Skechers U.S.A. (SKX) Receives ‘Analyst’ Rating

Skechers U.S.A. (SKX) has an average broker rating of 2.31, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Skechers U.S.A. (SKX) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $45 and the lowest price target forecast is $24. The average forecast of all the analysts is $34 and the expected standard deviation is $8.25.


Also, Brokerage firm Citigroup maintains its rating on Skechers U.S.A. (NYSE:SKX). In a research note issued to the investors, the brokerage major maintains price-target of $38 per share.The shares have been rated Buy. The rating by the firm was issued on August 23, 2016.

Skechers U.S.A. (NYSE:SKX): After opening at $22.7, the stock dipped to an intraday low of $22.44 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.34 and the buying power remained strong till the end. The stock closed at $23.25 for the day, a gain of 1.66% for the day session. The total traded volume was 3,298,803. The stocks close on the previous trading day was $22.87.

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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