A statement released earlier today by B. Riley about Skechers USA Inc (NYSE:SKX) bumps the target price to $32.00
- Updated: April 21, 2017
Yesterday Skechers USA Inc (NYSE:SKX) traded 0.93% higher at $26.15. The company’s 50-day moving average is $26.55 and its 200-day moving average is $24.59. The last closing price is up 6.36% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 6,915,979 shares of the stock were exchanged, up from an average trading volume of 2,734,930
Indicating a possible upside of 0.22%, B. Riley increased the stock price target of Skechers USA Inc (NYSE:SKX) to $32.00
Previously on 4/18/2017, Vetr Inc. reported on Skechers USA Inc (NYSE:SKX) raised the target price from $0.00 to $26.28. At the time, this indicated a possible upside of 0.05%.
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Skechers USA Inc has a 52 week low of $18.81 and a 52 week high of $34.19 with a P/E ratio of 16.66 The company’s market cap is currently $0.
In addition to B. Riley reporting its target price, a total of 10 brokers have issued a report on the stock. The consensus target price is $40.53 with four analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For Skechers USA Inc (NYSE:SKX)
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 Company operates through three segments: domestic wholesale sales, international wholesale sales, and retail sales, which includes e-commerce sales. Its lifestyle brands include Skechers USA, Skechers Sport, Skechers Active and Skechers Sport Active, Skechers Originals, BOBS from Skechers and Mark Nason. Its Performance Brands include Skechers Performance, Skechers Kids and Skechers Work. Its footwear is sold through a range of department stores and specialty retail stores and mid-tier retailers, boutiques, among others. As of February 1, 2017, the Company owned and operated 117 concept stores, 163 factory outlet stores and 134 warehouse outlet stores in the United States, and 101 concept stores, 51 factory outlet stores, and five warehouse outlet stores internationally.
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