Analyst Ratings for Skechers USA Inc. Cl A (SKX)Updated: 2017-07-28
An average rating of Overweight has been given to Skechers USA Inc. Cl A (NYSE:SKX) by analysts covering the stock. Last month, SKX received an average rating of Buy.
13 analysts issued ratings on the stock, where 8 gave SKX a buy rating, 1 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for SKX. The most optimistic analyst gave a price target of 37, implying potential capital gains of 30.65 percent. The most pessimistic price target was 25, which equates to a potential downside of -11.72 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -23.68 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -24.33 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -12.08 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -11.58 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 6 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 7 analysts decreased their estimates.
Analysts estimate earnings of SKX to grow at a rate of 7.36 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. SKX has a PEG ratio of 2.66.
In the trailing 52-weeks, SKX hit 30.00 at the highest peak, while it's lowest trading point was 18.81. The current market price is above the trailing year's low by 50.56 percent, and 5.6 percent lower than its 52-week high. SKX has a P/E ratio of 19.55. Investors typically compare the P/E ratio to a company's peers in the industry. The SKX value stock report compares SKX to some of its peers using value stock charts. The market cap of SKX is $4.46 billion. SKX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.