Skechers U.S.A. (SKX 1.63%), a global leader in footwear, presented its fourth quarter 2024 earnings on February 6, 2025, showcasing a robust performance.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Besides Wall Street's top -and-bottom-line estimates for Skechers (SKX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
In the latest trading session, Skechers (SKX) closed at $78.24, marking a +1.97% move from the previous day.
Skechers (SKX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors interested in stocks from the Shoes and Retail Apparel sector have probably already heard of Skechers (SKX) and Birkenstock (BIRK). But which of these two companies is the best option for those looking for undervalued stocks?
Skechers (SKX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the most recent trading session, Skechers (SKX) closed at $73.46, indicating a -0.45% shift from the previous trading day.
Skechers' focus on comfort and competitive pricing has driven strong market performance, with stable revenue growth outpacing industry averages and impressive 5-year compound growth rates. Rising marginal operational costs to create demand pose a significant challenge for Skechers. Thanks to robust economic stimulus measures by the Chinese government, we may see an improvement in Chinese market sales.
Skechers (SKX) closed the most recent trading day at $69.34, moving -0.33% from the previous trading session.
Skechers USA has shown impressive growth, with revenue jumping from $6.31 billion to $8 billion, driven by both wholesale and direct-to-consumer operations. Despite rapid growth, Skechers shares are attractively priced, making it an appealing opportunity for value and growth investors alike. Management aims to grow revenue to $10 billion by 2026, focusing on expanding physical stores, digital capabilities, and e-commerce platforms.
Skechers' multi-brand approach and focus on comfort-driven products, backed by strong DTC and wholesale growth, position it for continued success.