Skechers USA Inc (NYSE:SKX) stock price target bumped up to $25.00, released a ratings update earlier today by Morgan Stanley
- Updated: September 25, 2016
Yesterday Skechers USA Inc (NYSE:SKX) traded 0.73% higher at $23.23. SKX’s 50-day average is $23.99 and its two hundred day average is $28.48. With the last stock price close down -22.43% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trade Volume was up over the average, with 3,794,224 shares of SKX changing hands over the typical 3,404,700
Stating as potential upside of 0.08%, Morgan Stanley increased the price target of Skechers USA Inc (NYSE:SKX) to $25.00
On 8/12/2016, Susquehanna released a statement on Skechers USA Inc (NYSE:SKX) increased the target price from $0.00 to $27.00. At the time, this indicated a possible upside of 0.09%.
Recent Performance Chart
With a total market value of $0, Skechers USA Inc has price-earnings ratio of 12.76 with a one year low of $20.90 and a one year high of $49.28 .
A total of 10 analysts have released a report on the company. 4 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 3 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $40.53.
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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