Throughout the last three months, 8 analysts have evaluated Skechers USA SKX, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 5 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $70.75, a high estimate of $75.00, and a low estimate of $66.00. Marking an increase of 6.5%, the current average surpasses the previous average price target of $66.43.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils how financial experts perceive Skechers USA. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Kernan | TD Cowen | Raises | Buy | $74.00 | $70.00 |
| JESALYN Wong | Evercore ISI Group | Announces | Outperform | $73.00 | - |
| Rick Patel | Raymond James | Lowers | Outperform | $66.00 | $68.00 |
| Jim Duffy | Stifel | Lowers | Buy | $70.00 | $72.00 |
| Seth Basham | Wedbush | Lowers | Outperform | $68.00 | $75.00 |
| Rick Patel | Raymond James | Raises | Outperform | $68.00 | $56.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $75.00 | $62.00 |
| Jim Duffy | Stifel | Raises | Buy | $72.00 | $62.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Skechers USA. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Skechers USA compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Skechers USA's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Skechers USA's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Skechers USA analyst ratings.
Delving into Skechers USA's Background
Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
Unraveling the Financial Story of Skechers USA
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Skechers USA's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 4.37%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.45%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Skechers USA's ROE excels beyond industry benchmarks, reaching 2.19%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Skechers USA's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.18%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Skechers USA's debt-to-equity ratio is below the industry average at 0.42, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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