Skechers U.S.A., Inc. (SKX)

NYSE: SKX · IEX Real-Time Price · USD
64.72
+1.01 (1.59%)
At close: Jul 26, 2024, 4:00 PM
64.64
-0.08 (-0.12%)
After-hours: Jul 26, 2024, 7:01 PM EDT
1.59%
Market Cap 9.87B
Revenue (ttm) 8.25B
Net Income (ttm) 591.98M
Shares Out 152.58M
EPS (ttm) 3.80
PE Ratio 17.03
Forward PE 15.00
Dividend n/a
Ex-Dividend Date n/a
Volume 4,313,487
Open 65.00
Previous Close 63.71
Day's Range 63.46 - 65.93
52-Week Range 45.58 - 75.09
Beta 1.26
Analysts Strong Buy
Price Target 75.69 (+16.95%)
Earnings Date Jul 25, 2024

About SKX

Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children worldwide. The company operates through Wholesale and Direct-to-Consumer segments. It offers footwear under Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands. In addition, the company provides men’s and women’s slip-resistant and safety-toe casuals, and boots for protective footwear in their work environments. It sells its products through department stores, family shoe stores, specialty running and s... [Read more]

IPO Date Jun 9, 1999
Employees 17,900
Stock Exchange NYSE
Ticker Symbol SKX
Full Company Profile

Financial Performance

In 2023, SKX's revenue was $8.00 billion, an increase of 7.47% compared to the previous year's $7.44 billion. Earnings were $545.80 million, an increase of 46.32%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for SKX stock is "Strong Buy." The 12-month stock price forecast is $75.69, which is an increase of 16.95% from the latest price.

Price Target
$75.69
(16.95% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Analyst Bumps Up Skechers Price Forecast, Cites Strong Wholesale and European Growth Despite Earnings Miss

Wedbush analyst Tom Nikic reiterated an Outperform rating on Skechers U.S.A., Inc. SKX, raising the price forecast to $79 from $76.

5 hours ago - Benzinga

Instant Earnings Reaction: DECK, TXRH, SKX

Texas Roadhouse (TXRH) beats earnings estimates, Deckers Outdoor (DECK) wins big with UGG and HOKA, and Skechers (SKX) raises its outlook after a record Q2. Diane King Hall and Kevin Green join Oliver...

Other symbols: DECKTXRH
1 day ago - Schwab Network

Skechers shares rise on $1 billion buyback, more upbeat outlook

Shares of Skechers USA Inc. rose after hours on Thursday after the comfort-footwear maker announced a $1 billion buyback and bumped its full-year profit outlook higher, as retailers stocked up on Skec...

1 day ago - Market Watch

Skechers Announces Second Quarter 2024 Financial Results and Board Authorized $1 Billion Share Repurchase Program

LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology CompanyTM and a global footwear leader, today announced financial results for the s...

1 day ago - Business Wire

Skechers Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Skechers U.S.A., Inc. SKX will release its second quarter financial results, after the closing bell on Thursday, July 25.

1 day ago - Benzinga

Ten Top Stocks That Can Hold Up No Matter Who Wins the Election

Investors should look for bargain quality stocks that can thrive regardless of political turmoil.

Other symbols: GDGSLULUNEMSLB
3 days ago - Barrons

Beach Volleyball Pros Andy Benesh and Miles Partain Join Skechers Roster

LOS ANGELES--(BUSINESS WIRE)--Skechers will be hitting the sand in the City of Lights as American beach volleyball pros Andy Benesh and Miles Partain compete for a medal and glory in the brand's perfo...

10 days ago - Business Wire

Skechers sues LL Bean for copying shoe design

LL Bean has been sued by footwear maker Skechers USA , which accused the clothing and outdoor gear company of illegally copying its shoes, which have sold in the millions.

10 days ago - Reuters

Footwear Stocks Poised for Strong Q2: BofA Analyst Sees Attractive Upside for Crocs and Skechers

BofA Securities analyst Christopher Nardone has previewed the expected performance of footwear companies in the upcoming earning season.

Other symbols: CROX
16 days ago - Benzinga

Footballer Mohammed Kudus Signs With Skechers

LONDON--(BUSINESS WIRE)--Footballer Mohammed Kudus Signs With Skechers.

22 days ago - Business Wire

Skechers to Report Second Quarter 2024 Financial Results on Thursday, July 25th

LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that the Company will release its second quarter 2024 financ...

4 weeks ago - Business Wire

Skechers to Present at the Evercore ISI Consumer and Retail Conference on June 11th

LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (“Skechers” or the “Company”) (NYSE: SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief Fin...

7 weeks ago - Business Wire

Skechers Surpasses $11 Million in Animal Welfare Donations

LOS ANGELES--(BUSINESS WIRE)--Skechers Surpasses $11 Million in Animal Welfare Donations.

7 weeks ago - Business Wire

Skechers First Brand to Buy Super Bowl LIX Ad

LOS ANGELES--(BUSINESS WIRE)--Skechers First Brand to Buy Super Bowl LIX Ad; Global Performance and Lifestyle Brand to Air its 12th Big Game Campaign in 2025.

2 months ago - Business Wire

Skechers Announces Global Footwear Partnership With John Deere

LOS ANGELES--(BUSINESS WIRE)--Skechers Announces Global Footwear Partnership With John Deere.

2 months ago - Business Wire

Skechers Opens Its First Store in Brussels

WAALWIJK, Netherlands--(BUSINESS WIRE)--SKECHERS OPENS ITS FIRST STORE IN BRUSSELS.

3 months ago - Business Wire

Skechers CFO: We're taking share across-the-board as we bring 'newness and innovation'

John Vandemore, Skechers CFO, joins 'Money Movers' to discuss who the company is most taking share from, the distinction in the way Skechers' brand is being perceived, and how big celebrity endorsemen...

3 months ago - CNBC Television

Skechers Stock Soars Toward Record High After Earnings. Here's Why.

Raymond James analyst Rick Patel raised his price target on the stock to $72 from $66.

3 months ago - Barrons

Skechers stock soars 7% after earnings crush estimates and company offers upbeat guidance

Skechers Inc.'s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.

3 months ago - Market Watch

Skechers Announces First Quarter 2024 Financial Results and Record Sales of $2.25 Billion

LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced financial results for the fi...

3 months ago - Business Wire

Albert Pujols Signs With Team Skechers

LOS ANGELES--(BUSINESS WIRE)--Albert Pujols Signs With Team Skechers; Future Baseball Hall of Famer Appears in Skechers Hands Free Slip-ins® Campaign.

4 months ago - Business Wire

Footwear brands are at their best when they stick to their gun, says Barclay's Adrienne Yih

Adrienne Yih, Barclays U.S. retail senior analyst, joins 'Power Lunch' to discuss Barclays expanding its coverage into footwear stocks and identifying which retailers are winning in the space.

Other symbols: CROXDECKONON
4 months ago - CNBC Television

Skechers to Report First Quarter 2024 Financial Results on Thursday, April 25th

LOS ANGELES--(BUSINESS WIRE)--Skechers USA, Inc. (NYSE: SKX), The Comfort Technology Company™, today announced that the Company will release its first quarter 2024 financial results after market close...

4 months ago - Business Wire

SEC Charges Skechers with Making Undisclosed Payments to Executives' Family Members

Company also charged with failing to disclose outstanding loans to its executives Washington, D.C.--(Newsfile Corp. - March 7, 2024) - The Securities and Exchange Commission today announced that Skech...

5 months ago - Newsfile Corp

Skechers to Present at the UBS Global Consumer and Retail Conference on March 13th

LOS ANGELES--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company™ and a global footwear leader, today announced that John Vandemore, Chief F...

5 months ago - Business Wire