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Skechers (SKX) in Focus: Stock Moves 6.3% Higher

Zacks Equity Research

Skechers U.S.A., Inc. SKX was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 17% in the past one-month time frame.

The upside was driven by rumors of a potential buyout of the footwear provider by VF Corp.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Skechers currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Skechers U.S.A., Inc. Price

Skechers U.S.A., Inc. Price | Skechers U.S.A., Inc. Quote

A better-ranked stock in the Shoes and Retail Apparel industry is Deckers Outdoor Corporation DECK, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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