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.
SKX was given price targets by several analysts. The most optimistic price target was 37, implying potential capital gains of 30.65 percent. The minimum price target given was 25, implying a possible loss of -11.72 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -23.68 percent. That number becomes -24.33 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -12.08 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -11.58 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 6 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 7 analysts made negative revisions to their fiscal year's estimates.
SKX has an estimated earnings growth rate of 7.36 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SKX is 2.66.
In the last 52-weeks, SKX has achieved a high of 30.00 and a low of 18.81. Currently the stock is 50.56 percent higher than its low, 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's next earnings release will be on 0000-00-00, which is days away.