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Vetr Inc. announced Skechers USA Inc (NYSE:SKX), boosting its stock price target to $28.50 today

In a report released on 6/20/2017 Vetr Inc. increased the stock price target of Skechers USA Inc (NYSE:SKX) to $28.50 reporting a possible upside of 0.08%.

Previously on 06/12/2017, Vetr Inc. released a statement about Skechers USA Inc (NYSE:SKX) increased the target price from $0.00 to $26.50. At the time, this indicated a possible downside of -0.03%.

Just yesterday Skechers USA Inc (NYSE:SKX) traded 1.31% higher at $26.35. Skechers USA Inc’s 50-day moving average is $27.22 and its 200-day moving average is $26.75. The last stock price is down -1.34% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 2,308,020 shares of SKX traded hands, up from an average trading volume of 2,253,330

Recent Performance Chart

Skechers USA Inc (NYSE:SKX)

Skechers USA Inc has price-earnings ratio of 18.30 with a one year low of $18.81 and a one year high of $30.00 and has a total market value of $0.

A total of 10 equity analysts have released a ratings update on SKX. Four equity analysts rating the company a strong buy, three equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $40.53.

Brief Synopsis 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. 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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