Skechers USA Inc (NYSE:SKX) has been upgraded to Positive in a report by Susquehanna today.
- Updated: September 30, 2016
Yesterday Skechers USA Inc (NYSE:SKX) traded 3.97% higher at $21.91. The company’s 50-day moving average is $23.83 and its 200-day moving average is $28.20. The last stock close price is down -19.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 798,841 shares of the stock were exchanged, down from an average trading volume of 3,371,440
Susquehanna has upgraded Skechers USA Inc (NYSE:SKX) to Positive in a report released on 09/30/2016.
Previously on Wednesday September 21, 2016, Morgan Stanley reported about Skechers USA Inc (NYSE:SKX) raised the target price from $0.00 to $25.00. At the time, this indicated a possible upside of 0.08%.
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Skechers USA Inc has a 52 week low of $20.90 and a 52 week high of $49.28 with a P/E ratio of 13.16 The company’s market cap is currently $0.
In addition to Susquehanna reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $40.53 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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. The Company's brands are sold through department and specialty stores, athletic and independent retailers, boutiques and Internet retailers. In addition to wholesale distribution, the Company's footwear is available at its e-commerce site and its own retail stores. The Company operates approximately 120 concept stores, over 160 factory outlet stores and over 120 warehouse outlet stores in the United States, and approximately 80 concept stores, over 40 factory outlet stores, and over five warehouse outlet stores internationally.
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