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Standpoint Research reported on Skechers USA (NYSE:SKX), upping its stock price target to $30.00 earlier today

Yesterday Skechers USA (NYSE:SKX) traded 0.24% higher at $22.90. SKX’s 50-day average is $23.78 and its two hundred day average is $28.14. With the last close down -18.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,005,194 shares of the stock were exchanged, down from an average trading volume of 3,386,720

Standpoint Research upped the price target of Skechers USA (NYSE:SKX) to $30.00 stating a possible upside of 0.31%.

See Chart Below

Skechers USA (NYSE:SKX)

Skechers USA has a 52 week low of $20.90 and a 52 week high of $49.28 with a P/E ratio of 13.26 The company’s market cap is currently $0.

In addition to Standpoint Research 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 (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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