SKX - Skechers U.S.A., Inc.
| Previous Close | 40.44 |
| Open | 40.76 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 1800 |
| Day's Range | 39.62 - 41.00 |
| 52 Week Range | 21.45 - 41.31 |
| Volume | 1570234 |
| Avg. Volume | 1,569,941 |
| Market Cap | 6.2B |
| Beta (3Y Monthly) | 0.77 |
| PE Ratio (TTM) | 18.43 |
| EPS (TTM) | 2.16 |
| Earnings Date | Feb 5, 2020 - Feb 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 43.80 |
- Reuters
Skechers' 'cool' value gives it room to run like Nike - Barron's
Shoemaker Skechers USA Inc is expected to post earnings growth on pace with Nike Inc over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron's reported in its Dec. 7 edition. Analysts estimate Skechers' earnings-per-share will rise 15% this year and in 2020, and 12% in 2021. Skechers sells trainers, dress shoes, sandals and boots - a broader range than Nike - and has grown over the past 20 years to become the third-largest global footwear brand by revenue, after Nike and Adidas AG, the paper said.
- Reuters
Skechers' 'cool' value gives it room to run like Nike: Barron's
Shoemaker Skechers USA Inc is expected to post earnings growth on pace with Nike Inc over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron's reported in its Dec. 7 edition. Analysts estimate Skechers' earnings-per-share will rise 15% this year and in 2020, and 12% in 2021. Skechers sells trainers, dress shoes, sandals and boots - a broader range than Nike - and has grown over the past 20 years to become the third-largest global footwear brand by revenue, after Nike and Adidas AG , the paper said.
- Benzinga
Barron's Picks And Pans: Alphabet, Capital One, Macy's, Skechers And More
Other featured articles discuss a consumer finance stock that looks attractive now and a struggling retailer in need of a miracle. "5 Funds and 5 Stocks to Ride the Small-Caps Rally" by Avi Salzman and John Coumarianos examines why shares of companies with market values of $5 billion or less, such as Darling Ingredients Inc (NYSE: DAR), could thrive if the economy holds up. See why Barron's thinks Capital One Financial Corp. (NYSE: COF) is cheap and looks attractive right now.
- Insider Monkey
Is Skechers USA Inc (SKX) A Good Stock To Buy?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
- Barrons.com
Skechers Are Cool. And the Stock Compares Well With Nike.
The athletic shoe company stands for value, not a particular sport, so it’s endlessly adaptable. Plus, it has room to run.
- PR Newswire
Petco Foundation Surprises Animal Welfare Organizations Nationwide with $875,000 in Holiday Wishes Grant Awards
The Petco Foundation, a national non-profit that has invested more than $260 million in lifesaving animal welfare work, announced that 105 adopters have earned their animal welfare organizations a grant award during the Petco Foundation's seventh annual Holiday Wishes campaign. Since 2012, the Petco Foundation has awarded more than $5 million to animal welfare organizations across the nation during the annual Holiday Wishes campaign where more than 15,000 adopters have shared the stories of how their adopted pets brighten their lives. This year, grant awards include a $100,000 grand prize, 55 finalist awards ranging from $5,000 - $50,000 and 50 honorable mentions earning $1,000 each.
- Zacks
Shoes & Apparel Outlook Robust on Growing Fitness Trends
Shoes & Apparel Outlook Robust on Growing Fitness Trends
- Business Wire
SKECHERS to Participate at the Morgan Stanley Global Consumer & Retail Conference
SKECHERS USA, Inc. (SKX), a global footwear leader, today announced that management will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference taking place at the Crowne Plaza Times Square, on Wednesday, December 4, 2019, at 9:20 am ET. The audio portion of the fireside chat will be available live and on replay for 90 days at the Investor Relations section of the Company’s Website at www.skx.com. Based in Manhattan Beach, California, Skechers (SKX) designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women.
- Business Wire
Skechers Completes New $500 Million Senior Unsecured Credit Facility
SKECHERS USA, Inc. (SKX), a global footwear leader, today announced the closing of a new $500 million, five-year, senior unsecured credit facility. This new credit facility replaces the $250 million asset-backed credit facility that Skechers entered into in 2015, which was due to expire in June 2020. The syndicate of lenders includes Bank of America N.A., a subsidiary of Bank of America Corporation (BAC), as lead arranger, and BofA Securities, Inc., a subsidiary of Bank of America Corporation, HSBC Bank USA, N.A., a subsidiary of HSBC Holdings plc (HSBC) and JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase & Co. (JPM) as joint lead arrangers for the facility.
- InvestorPlace
Dick’s Sporting Goods Stock Could Rise on Strong Q3 Earnings
Sporting goods retailer Dick's Sporting Goods (NYSE:DKS) is set to report third-quarter 2019 numbers before the bell on Tuesday, Nov. 26. I'm cautiously optimistic on DKS stock heading into that print for two big reasons.Source: Jonathan Weiss / Shutterstock.com First, my research suggests that those numbers should be pretty good. Specifically, foot traffic, web traffic and search interest data for Dick's Sporting Goods all point to strong sales growth in the quarter, as do macroeconomic retail sales data and peer company earnings reports. At the same time, certain market developments imply that margin performance was strong in the quarter, too. Strong sales and margin performance should inspire confidence in DKS investors.Second, given the underlying valuation, pretty good numbers should be enough to provide a nice post-earnings lift to DKS stock. That is, DKS stock is cheap and fundamentally undervalued, given concerns regarding the staying power of the business. Strong third-quarter numbers heading into the holiday season will significantly ease those concerns. As those concerns fade, so will the undervaluation in DKS stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBig picture: DKS stock looks good heading into the third-quarter earnings report. Dick's Could Report Good NumbersMy research suggests that Dick's Sporting Goods had a pretty good third quarter.It is important to note that Dick's Sporting Goods has been on a roll this year. Although the past several years have been defined by choppy comparable-store sales growth, erratic margins and declining profits, this year has been much different. In 2019, comparable sales growth has been largely positive, including a multi-year high 3.2% rise in comparable sales last quarter. Margins have been stabilizing. So have profits. * 7 Top Stocks to Buy for 2020 In other words, Dick's Sporting Goods had solid momentum heading into the third quarter.Multiple data points suggest this momentum persisted in Q3. First, foot traffic data shows that Dick's foot traffic has increased 4.5% year-over-year through the first 10 months of 2019, including healthy growth over the past few months. Second, web traffic data from SimilarWeb shows that Dick's website has gained traffic share against other sporting goods websites over the past few months. Third, search interest data from Google Trends shows that search interest related to Dick's Sporting Goods has consistently increased year-over-year in 2019.These data points are corroborated by a healthy consumer backdrop (unemployment rates remain near historic lows, wages are still rising, inflation remains checked and retail sales ex-food sales rose 3.7% year-over-year during the past three months) and strong peer company earnings reports. Nike (NYSE:NKE), Lululemon (NASDAQ:LULU), Skechers (NYSE:SKX) and Foot Locker (NYSE:FL) all reported strong revenue numbers in September, October and November.The data strongly implies that Dick's is due to report strong third-quarter numbers before the bell on Tuesday. Dick's Stock Could RallyImportantly, strong third-quarter numbers should propel a nice rally in DKS stock.DKS stock presently trades at just 11.1-times forward earnings. That's dirt cheap. The market trades at over 16-times forward earnings. Retail and consumer discretionary stocks trade at over 20-times forward earnings. Footwear stocks -- and Dick's generates a lot of money from footwear -- trade at nearly 30-times forward earnings.Across the board, DKS stock is undervalued relative to peers. This undervaluation is a byproduct of investor concerns regarding the staying power of Dick's in the dynamic athletic apparel retail landscape. Specifically, athletic apparel brands like Nike have been making a huge direct retail push, and in so doing, have lessened their reliance on wholesale distribution partners like Dick's Sporting Goods. Some investors are concerned that this eventually results in Dick's becoming irrelevant in the athletic apparel distribution model.But, strong numbers in 2019 have helped alleviate those concerns, as Dick's sales and margin trends appear to be stabilizing amid this dramatic shift. Stabilization has inspired investor confidence. Year-to-date, DKS stock is up nearly 30%.Strong third-quarter numbers will continue this alleviation. Considering DKS stock is still dirt cheap, continued alleviation should keep the 2019 rally in DKS stock alive. Bottom Line on DKS StockMultiple data points suggest that Dick's Sporting Goods is due to report strong third-quarter numbers before the bell on Tuesday. At the same time, DKS stock is trading at a dirt cheap valuation heading into that print.That's a favorable combination which ultimately implies that DKS stock could be due for a nice post-earnings bump.As of this writing, Luke Lango was long NKE, LULU, SKX and FL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Sickly Healthcare Stocks to Avoid * 5 Lottery Stocks With Huge Upside -- And a Real Chance of $0 * 7 Top Stocks to Buy for 2020 The post Dick's Sporting Goods Stock Could Rise on Strong Q3 Earnings appeared first on InvestorPlace.
- GuruFocus.com
Try Your Luck With a GARP Stock
The demilitarized zone between value investing and growth investing is GARP territory Continue reading...
- Zacks
Skechers (SKX) Up 8.7% Since Last Earnings Report: Can It Continue?
Skechers (SKX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
Skechers Celebrates Felix the Cat’s 100th Anniversary With New Collaboration
Felix the Cat has a new surprise in his magic bag of tricks: Skechers x Felix the Cat footwear. Launching in celebration of the silent screen star’s 100th anniversary this month, Felix the Cat will adorn a collection of women’s shoes, all designed in his signature black and white with pops of red. “Thanks to his iconic status, Felix the Cat boasts a one-of-a-kind cachet that makes him a perfect partner for our women’s footwear,” said Michael Greenberg, president of Skechers.
- InvestorPlace
7 Stocks to Buy With Great Charts
In the investment world, there's a lot of debate surrounding technical analysis. Some fundamentalists call technical analysis "hocus pocus" and think there's nothing to it. Other traders, however, attest to the "price is truth" mantra, and believe that technicals give you the most insight about how and when to buy a stock.I'm not here to settle this decades-old debate.Rather, I'm here to do two things. First, I'll give my personal two cents on the matter. Technicals don't drive stocks. Fundamentals do. But, there's enough information embedded into price action -- and enough money out there paying close attention to technicals -- that technical indicators can give investors very strong and accurate buy/sell signals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond, I'd like to highlight recent academic research from Professor Shu Feng of Boston University and Professor Na Wang and Professor Edward Zychowicz of Hofstra University. Analyzing data from 1993 to 2010, they found that technical indicators tend to perform better when sentiment is high, versus when sentiment is low.Right now, market sentiment is high. The S&P 500 has rallied an impressive 4% over the past month alone to all time highs, and every investor sentiment reading has moved higher over the past few weeks. * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside Considering that technicals do matter, that technical analysis works better during periods of high investor sentiment and that investor sentiment is presently high, the implication is clear. It's time to start buying stocks with strong charts and favorable technical indicators. Stocks to Buy with Great Charts: Skechers (SKX)First up, we have athletic apparel maker Skechers (NYSE:SKX).The 2019 chart for SKX stock is pretty clean and impressive. All year long, the stock has been on a steady uptrend, with well-defined support and resistance lines. Both of those lines have held multiple times, so barring some drastic change, they should keep holding for the foreseeable future. Assuming they do, the most likely path forward for SKX stock is to keep rallying until it hits its resistance line at around $45.The fundamentals support further upside in SKX stock, too. Consumer attitudes are improving, and consumer spend this holiday season will likely be very strong amid easing trade tensions, re-accelerating economic activity, and still healthy labor market conditions. At the same time, athletic apparel tailwinds remain alive and well, and the Skechers growth narrative (over 15% revenue growth last quarter) remains equally vigorous.Still, SKX stock trades at a huge discount to its sector and peers, and therefore, has plenty of room to keep moving higher, propelled by a healthy combination of profit growth and multiple expansion. Trade Desk (TTD)Second, we have programmatic advertising leader Trade Desk (NASDAQ:TTD).The chart on Trade Desk implies that this stock is in the early stages of a big rebound. Specifically, TTD stock plunged into technically oversold territory (Relative Strength Index below 30) in late September. It has only done this twice before over the past year. Both times, the stock proceeded to bottom, reverse course and head substantially higher over the subsequent few months. It looks like the same thing is happening this time around, as TTD has bottomed and reversed course in October/November. If history holds up, shares should continue to trend higher.The fundamentals underlying TTD stock are equally bullish. This company is pioneering the future of advertising, which is the usage of data, algorithms and machines to automate and optimize the ad transaction processes. This market, dubbed the programmatic advertising market, projects to grow by leaps and bounds as automation becomes more and more globally prevalent. Trade Desk will similarly grow by leaps and bounds in the long run. Near-term weakness is nothing more than noise for this long-term winner. * 10 Cheap Stocks to Buy Under $10 Plus, it looks like that near-term weakness is now fading out, which could mean that the coast is clear to buy the dip in TTD stock. AT&T (T)Third, we have telecom giant AT&T (NYSE:T).The chart on T stock implies that shares are in the midst of a breakout which will persist until about $45. Specifically, T stock broke a multiyear downtrend in early 2019. Ever since, the 20-day moving average has surged above the 50-day moving average, and both have surged above the 200-day moving average -- a favorable dynamic which implies building momentum in the stock. At the same time, multiyear resistance doesn't arrive until around $45, so barring any drastic changes. Thus, T stock looks like it's charting a course for that level.AT&T's fundamentals have similarly "broken out" in 2019. That is, this is a company which has been plagued by cord-cutting headwinds over the past several years. But AT&T is finally responding to those headwinds by building out a direct-to-consumer streaming service, HBO Max, which is set to launch in 2020. The expectation is that success in the streaming vertical will help offset weakness in the linear video vertical. Meanwhile, 5G coverage is going mainstream in 2020, and that should provide a boost to AT&T's wireless business.Overall, there's a lot to like about T stock here, and improving fundamental and technical trends imply that the 2019 breakout rally in shares isn't over just yet. Under Armour (UAA)Fourth, we have another athletic apparel maker, Under Armour (NYSE:UAA).The chart for UAA stock shows a stock which has been oversold and is due for a bounce-back soon. The technical buy signal on Under Armour over the past year has been buy when UAA stock drops below $18 and when the Relative Strength Index drops below 30. Right now, UAA stock is very close to flashing that buy signal, with shares below $18 and the RSI only a hair above 30. Once RSI drops below 30, history suggests UAA stock will bounce back in a big way.Fundamentally, the recent sell-off in UAA stock also seems overdone. Sure, this is a slow-growth company with some brand identity, executive and accounting issues. But, they are still a very important brand in a very important and rapidly growing athletic apparel market, with margins that are making significant upward progress.Considering all that, the long-term earnings power here says that UAA stock is worth a lot more than $17. * 7 Tech Stocks to Buy for the Rest of 2019 The implication? Be ready to buy this dip. UAA stock won't stay down here for long. Okta (OKTA)Fifth, we have cloud security company Okta (NASDAQ:OKTA).The story that OKTA's chart tells is one of a stock that is breaking out after a brief period of consolidation. Okta has been a very strong stock. It spends very little time in oversold territory. But every once in a while, valuation friction rears its ugly head and OKTA stock does dip into oversold territory. See late 2018 or late 2019.But with both the Relative Strength Index and stock rebounding, it appears OKTA is breaking out. The last time a breakout like this happened, OKTA stock marched from $60 to $140 in a matter of months.Fundamentally, everything here checks out. This is a 50%-plus revenue growth company disrupting a multi-billion-dollar (and still growing) cybersecurity space with a one-of-a-kind, identity-based solution. Gross margins are huge (over 70%), so as long as revenue growth drives positive operating leverage in the long run, Okta has an opportunity to produce huge profits at scale.Nothing about these fundamentals has changed over the past few months. OKTA stock just got hit by some valuation headwinds. Now, those headwinds have passed, and shares look ready to get back to their winning ways. Chegg (CHGG)Sixth, we have connected learning platform Chegg (NYSE:CHGG).On the technical side of things, Chegg appears to be in the very early innings of a multi-quarter breakout. CHGG stock has been hit hard recently. But it has also shown signs of strength ever since a strong Q3 earnings report. This recent strength has propelled the stock's 20-day moving average above its 50-day moving average for the first time in a few months. This bullish crossover signal has materialized just four times over the past three years. Each time, it preceded a huge move higher in CHGG stock.On the fundamental side of things, Chegg's strong Q3 earnings report confirmed that nothing has changed about this company's fundamentals. Students still need academic help, and they are still seeking for that help through on-demand, connected learning platforms. In that space, Chegg remains unrivaled, and students continue to swarm onto the Chegg platform. Revenues, margins, and profits are all moving higher. * 7 Great High-Yield Stocks With Payouts Over 5% With the fundamentals still rock-solid and the technicals pointing to a big move higher, I think now is the time to double down on CHGG stock. Etsy (ETSY)Last but not least on this list of stocks to buy with great charts is specialty e-commerce marketplace Etsy (NASDAQ:ETSY).The technical picture on Etsy implies that you have a really oversold stock -- one running into some big support -- that's due for a nice relief rally soon. Thanks to a convergence of headwinds, including disappointing earnings, ETSY stock has dropped into significantly oversold territory. Indeed, the RSI has only been this low on ETSY once before since 2016. At the same time, shares are running into multi-month support at $40. This combination of big support and dramatically oversold conditions should spark a recovery rally in ETSY stock.The fundamentals here are weakening. Growth is slowing, and margins aren't moving higher like they used to. Still, this is a 20%-plus volume growth company in a secular-growth e-commerce marketplace, with margins that are largely stable. In other words, it's still a very good growth company with a favorable financial profile.The valuation today doesn't seem to reflect this. As such, buying the dip seems like the smart move.As of this writing, Luke Lango was long SKX, TTD, T, OKTA, CHGG and ETSY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside * 7 Earnings Reports to Watch Next Week * 5 Online Retail Stocks to Buy on the Dip The post 7 Stocks to Buy With Great Charts appeared first on InvestorPlace.
- Simply Wall St.
Are Skechers U.S.A., Inc.’s (NYSE:SKX) High Returns Really That Great?
Today we'll look at Skechers U.S.A., Inc. (NYSE:SKX) and reflect on its potential as an investment. Specifically...
- Business Wire
Skechers Premium Heritage Limited Edition Collection Returns with New Capsule of Styles in Time for Holiday
The Skechers Premium Heritage Limited Edition Holiday Collection is set to drop worldwide tomorrow, November 15. The five-pack offering, designed with luxurious materials on the Company’s most iconic outsoles, follows on the heels of the successful launch of the Premium Heritage One collection. “In a world with fast trends and social media creating demand for the latest hot item, consumers want newness, freshness, and something that stands out and is available for a limited time,” said Michael Greenberg, president of Skechers.
- Schaeffer's Investment Research
Pick Up Protective Puts on Skechers Stock
The combination of high stock price and low IV has been bearish for SKX in the past
- TheStreet.com
Are Skechers and Deckers Outdoor Ready to Break Out?
Names like Deckers Outdoor, Skechers, and even Foot Locker deserve a place on your weekly watchlist.
- Business Wire
Skechers Performance™ Elite Legend Colin Montgomerie Wins Invesco QQQ Championship
Skechers celebrates European golf legend Colin Montgomerie’s win at the Invesco QQQ Championship at Sherwood Country Club in Thousand Oaks, CA. Montgomerie, who competes in Skechers GO GOLF footwear and Skechers-branded apparel, came from five shots behind after shooting a tournament course-record 63 on the last round to enter and win a playoff in a dramatic victory. Then in the playoff, the bunker gave my opponent trouble, so there was also some luck on my side,” said Colin Montgomerie.
- Business Wire
Skechers Opens Retail Store in Disneytown at the Shanghai Disney Resort
Global footwear powerhouse brand Skechers has landed at one of the most exciting destinations in China—opening a Skechers flagship retail store in the Disneytown shopping district at the Shanghai Disney Resort. The new Skechers Kids Brand Experience store, which opened on October 20, is the first Skechers retail location at a Disney resort property.
- Business Wire
Record-breaking $2.2 Million Raised for Kids at 11th Annual Skechers Pier to Pier Friendship Walk
The Skechers Pier to Pier Friendship Walk continued the Skechers Foundation’s 11-year tradition of record-breaking donations for kids—raising more than $2.2 million for children with special needs and education at Sunday’s event, and more than $13 million in total since its start. “Heck yeah, Skechers Pier to Pier Walk… it feels so awesome to be a superstar… I love it when they chanted Kodi!” exclaimed Kodi Lee at the Skechers Pier to Pier Friendship Walk.
- American City Business Journals
Nike fires back at Skechers, files fourth lawsuit, denies 'bully' claim
The lawsuit is the latest escalation in what is becoming a fierce legal dispute between the two athletic footwear companies.
- Thomson Reuters StreetEvents
Edited Transcript of SKX earnings conference call or presentation 22-Oct-19 8:30pm GMT
Q3 2019 Skechers USA Inc Earnings Call
