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 potential capital losses 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -23.68 percent. The average change in earnings estimates over the last 90 days is -24.33 percent. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, 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.
Analysts estimate earnings of SKX to grow at a rate of 7.36 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of SKX is 2.66.
In the trailing 52-weeks, SKX hit 30.00 at the highest peak, while it's lowest trading point was 18.81. Today's price is 50.56 percent above the 52-week low, and 5.6 percent below the 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.