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.
Investment analysts gave a few price targets for SKX. The highest price target was 37, which equates to a potential upside of 30.65 percent. The minimum price target given was 25, which equates to a potential downside 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 6 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 7 analysts decreased their estimates.
The growth rate of SKX's earnings is estimated by analysts to be 7.36 percent. Another measure frequently examined by investors is the 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, though it could be better to see where the ratio stands relative to peers in the industry. 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. Currently the stock is 50.56 percent higher than its low, and 5.6 percent lower than its 52-week high. SKX has a price/earnings 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.