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.
A number of analysts gave price targets for SKX. The most optimistic price target was 37, implying a possible profit of 30.65 percent. The most pessimistic price target was 25, which equates to a potential downside of -11.72 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -23.68 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -24.33 percent. Meanwhile, fiscal year estimates have been revised downwards by -12.08 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -11.58 percent in FY estimates.
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 made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of SKX to grow at a rate of 7.36 percent. Another measure frequently examined by investors is the PEG ratio. 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. 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. 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 below the high by 5.6 percent. 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 stock has a market capitalization of $4.46 billion. SKX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.