Skechers U S A, Inc. (SKX) Stock Forecast & Predictions

Skechers U S A, Inc. - Class A SKX: $43.81

228 Manhattan Beach Blvd, Manhattan Beach, California, US. | Sector: Wholesale Trade | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.skechers.com

  • Market Cap$5.99B
  • Change (52 Weeks)47.10%
  • Low (52 Weeks)$28.25
  • Skechers U S A, Inc. (SKX) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Skechers U S A, Inc. (SKX) stock price is $43.81 and the 52 weeks low is $28.25, which means the Skechers U S A, Inc. stock price is up 47.10% in the last 12 months.

    Skechers U S A, Inc. (SKX) Stock Price has been Trending Strongly with an ADX reading of 31.42 as per the Weekly Chart.

    A Upward trend indicates that Skechers U S A, Inc. (SKX) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that SKX Stock price might rise further, 25.00% indicating that SKX Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall SKX stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Skechers U S A, Inc. (SKX) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Skechers U S A, Inc. (SKX) is based on 18 Institutional Analyst Ratings where 50.00% are on Strong Buy, 27.78% on Moderate Buy, 22.22% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended SKX stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Skechers U S A, Inc..

    Skechers U S A, Inc. (SKX) Stock Price Prediction By Analysts


    HighLowAverage
    $79.80$49.49$65.41
    $65.4149.3% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for SKX set by the institutional analysts is $65.41 where High Estimate is $79.80, Median $64.77 and Low $49.49.

    The average price target for SKX by Institutional Analysts is $65.41, which is 49.3% Upside from the current price. So according to the Institutional Analysts, SKX Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Skechers U S A, Inc. (SKX) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with SKX stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about SKX and holding their positions hoping for a further rise in the stock price and more profit.

    Skechers U S A, Inc. (SKX) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyOverweightMaintained
    Monness, Crespi, HardtBuyUpgraded
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    Monness, Crespi, HardtNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    SusquehannaNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    UBSBuyMaintained
    SusquehannaPositiveMaintained
    Wells FargoOverweightUpgraded
    Deutsche BankBuyMaintained
    Wells FargoEqual-WeightMaintained
    B. Riley FBRBuyMaintained
    Wells FargoEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    UBSBuyMaintained
    Deutsche BankBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    WedbushOutperformUpgraded
    StifelBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    OTR GlobalPositiveUpgraded
    SusquehannaPositiveUpgraded
    CFRASellDowngraded
    Wells FargoMarket PerformMaintained
    Stifel NicolausBuyInitiated
    CitigroupNeutralMaintained
    BuckinghamBuyMaintained
    BuckinghamBuyMaintained
    CitigroupNeutralDowngraded
    Cowen & Co.Market PerformDowngraded
    BuckinghamBuyMaintained
    Morgan StanleyEqual-WeightInitiated
    ArgusHoldDowngraded
    CitigroupBuyMaintained
    Wells FargoMarket PerformDowngraded
    WedbushNeutralMaintained
    UBSBuyMaintained
    SusquehannaNeutralDowngraded
    Standpoint ResearchBuyUpgraded
    BuckinghamBuyMaintained
    B. Riley FBRBuyMaintained
    UBSBuyInitiated
    WedbushNeutralMaintained
    WedbushNeutralDowngraded
    CitigroupBuyMaintained
    B. Riley FBRBuyMaintained
    B. Riley FBRBuyMaintained
    ArgusBuyUpgraded
    Wells FargoMarket PerformMaintained
    WedbushOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    BuckinghamBuyMaintained
    BuckinghamBuyMaintained
    CitigroupBuyMaintained
    OTR GlobalPositiveUpgraded
    SusquehannaPositiveUpgraded
    CitigroupBuyUpgraded
    B. Riley FBRBuyUpgraded
    SusquehannaNeutralUpgraded
    SusquehannaNegativeDowngraded
    Cowen & Co.OutperformUpgraded
    Standpoint ResearchHoldDowngraded
    Monness Crespi HardtBuyUpgraded
    Wells FargoOutperformInitiated
    BuckinghamBuyUpgraded
    B. Riley FBRNeutralDowngraded
    WedbushNeutralInitiated
    CitigroupNeutralDowngraded
    Standpoint ResearchBuyInitiated
    SusquehannaPositiveUpgraded
    Morgan StanleyEqual-WeightDowngraded
    CitigroupBuyMaintained
    SusquehannaNeutralInitiated
    ArgusHoldDowngraded
    Monness Crespi HardtNeutralDowngraded
    MacquarieOutperformInitiated
    SusquehannaNeutralDowngraded
    Cowen & Co.Market PerformInitiated
    B. Riley FBRBuyMaintained
    ArgusBuyInitiated
    CitigroupBuyMaintained
    SusquehannaPositiveMaintained
    B. Riley FBRBuyMaintained
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    Buckingham ResearchBuyUpgraded
    B. Riley FBRBuyUpgraded
    WunderlichBuyMaintained
    SusquehannaPositiveMaintained
    WunderlichBuyMaintained
    Buckingham ResearchNeutralUpgraded
    B. Riley FBRNeutralDowngraded
    Morgan StanleyOverweightInitiated
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    Sidoti & Co.BuyUpgraded
    B. Riley FBRBuyMaintained
    CitigroupBuyMaintained
    CitigroupBuyInitiated
    Buckingham ResearchUnderperformInitiated
    BB&T CapitalHoldDowngraded
    Sterne AgeeBuyMaintained
    Brean CapitalBuyInitiated
    WedbushNeutralMaintained
    SusquehannaPositiveMaintained
    BB&T CapitalBuyUpgraded
    WedbushNeutralUpgraded
    WedbushUnderperformMaintained
    The Oxen GroupSellMaintained

    Skechers U S A, Inc. (SKX) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.417
    The average consensus EPS for SKX is $0.417 with a high estimate of $0.493 and Low of $0.333 for the period 2021-12-31 and based on 9 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.88$0.52104889999999992021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.77130672021-09-30
    $0.88$0.52104889999999992021-06-30
    $0.68$0.466620000000000032021-03-31
    $0.24$0.30322222020-12-31
    $0.53$0.36772082020-09-30
    $-0.44$-0.667612020-06-30
    $0.39$0.39757642020-03-31
    $0.39$0.39417272019-12-31
    $0.67$0.70268732019-09-30
    $0.49$0.3394612019-06-30
    $0.71$0.7315432019-03-31
    $0.31$0.230593100000000022018-12-31
    $0.58$0.51830172018-09-30
    $0.36$0.41355462018-06-30
    $0.75$0.7518442018-03-31
    $0.21$0.1335222017-12-31
    $0.59$0.438036999999999952017-09-30
    $0.38$0.4468242017-06-30
    $0.6$0.5493392017-03-31
    $0.04$0.09538442016-12-31
    $0.42$0.46498382016-09-30
    $0.5$0.52255382016-06-30
    $0.63$0.5435822016-03-31
    $0.19$0.2022015-12-31
    $0.58$0.55087422015-09-30
    $0.51667$0.33918832015-06-30
    $0.36667$0.338915600000000042015-03-31
    $0.14333$0.14518752014-12-31
    $0.33333$0.31214052014-09-30
    $0.22667$0.13551172014-06-30
    $0.20333$0.11166562014-03-31
    $0.09333$0.05386332013-12-31
    $0.17667$0.204022013-09-30
    $0.04667$0.01012013-06-30
    $0.07$0.05891332013-03-31
    $0.02667$-0.038382012-12-31
    $0.07333$0.084840000000000012012-09-30
    $-0.01333$-0.04107672012-06-30
    $-0.02333$-0.091465600000000012012-03-31
    $-0.13$-0.084840000000000012011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).