|Bid||28.78 x 3200|
|Ask||28.99 x 800|
|Day's Range||28.11 - 28.86|
|52 Week Range||21.45 - 35.66|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||15.36|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.40|
Following on Skechers GO RUN Razor 3 Hyper™ being named Editors’ Choice by Runner’s World earlier this year, Outside magazine has named Skechers GO RUN 7 Hyper™ “Gear of the Year” for the road running category in its Summer 2019 Buyer’s Guide. Featured with products spanning a wide range of categories that Outside editors feel will facilitate adventure, the Skechers GO RUN 7 Hyper was tested among 32 shoes spanning 16 different brands in the road running shoe category. Outside noted that one tester said, “if my slippers were running shoes, this is what they would feel like.” Another notes, “whatever deal with the devil Skechers had to strike was worth it.
Trump is expected to impose 25% tariffs on another $300 billion worth of Chinese goods when he meets Chinese President Xi Jinping next month. The Footwear Distributors & Retailers of America (FDRA) estimates the hike in tariff would add $7 billion in additional costs for customers every year. The companies noted that the tariffs on footwear average 11.3% and reach rates as high as 67.5%.
Skechers (SKX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Footwear maker Skechers USA Inc. has named its first female board member, corporate attorney Katherine J. Blair.
Skechers USA, Inc. (SKX) announced today that the Company has named Katherine J. Blair to its board of directors as an independent member. The appointment brings the total number of directors to ten, including six independent members. “After careful consideration and review, we are expanding our board of directors with the addition of Katherine Blair,” began Robert Greenberg, Skechers chief executive officer and chairman of the board.
SKECHERS USA, Inc. (SKX), a global footwear leader, today announced that David Weinberg, Chief Operating Officer, and John Vandemore, Chief Financial Officer, will present at the 20th Annual B. Riley FBR Institutional Investor Conference at 2:30 p.m. Wednesday, May 22, 2019, at the Beverly Hilton Hotel in Beverly Hills, California. Based in Manhattan Beach, California, Skechers designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women.
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Footwear giant Skechers is reviving the brand’s original fashion sneaker designs from the 1990s to meet demand driven by the massive throwback trend dominating sneaker markets around the globe. Bridging the gap between grunge and pop, and now known as the Skechers Heritage collection, this classic line features a return of Skechers Roadies, Skechers Cleats Retro and Skechers Heartbeats styles that were among the hottest sellers in Skechers early history. It begins with Skechers Roadies—the first Skechers sneaker to hit the market back in 1994, this was the original chunky utility style that started it all.
NEW YORK, NY / ACCESSWIRE / May 6, 2019 / Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty ...
What to Expect from Under Armour’s First-Quarter Results(Continued from Prior Part)Analysts’ recommendationsOn March 25, UBS lowered its price target for Under Armour (UAA) to $22 from $23. On April 10, Under Armour stock rose 3.0% after
Pet parents and their furry friends can now dress up in BOBS together to help save shelter pets! Skechers and Petco have launched a new coordinated line of BOBS from Skechers footwear and Petco-exclusive collars, leashes and harnesses at more than 600 Petco retail stores and petco.com.
Columbia Sportswear Beats Q1 Estimates, Raises 2019 OutlookImpressive first-quarter results Columbia Sportswear (COLM) stock was up 2.4% in after-market trading hours on April 25 in reaction to strong first-quarter results and an upgraded outlook for
We can judge whether Skechers USA Inc (NYSE:SKX) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best […]
Ruh-Roh! Global footwear industry leader Skechers today announced that it has partnered with Warner Bros. Consumer Products to introduce a collaboration on its BOBS from Skechers footwear that will feature the world-famous mystery solving canine Scooby-Doo – plus the lovably shrewd Droopy Dog, streetwise con Top Cat and sweet Southern Huckleberry Hound. “We wanted to add animated star power to our successful BOBS from Skechers collection, and Scooby-Doo and friends really raise the bar,” said Michael Greenberg, president of Skechers.
Will Columbia Sportswear Continue to Impress with Q1 Results?(Continued from Prior Part)Recap of previous performance Columbia Sportswear (COLM) has surpassed analysts’ sales expectations for eight consecutive quarters. In the fourth quarter of
Will Columbia Sportswear Continue to Impress with Q1 Results?Will the growth streak continue?Columbia Sportswear (COLM) plans to announce its first-quarter results after the market closes on April 25. Columbia Sportswear announced stellar
Skechers elite golfer Brooke Henderson swung her way to victory at the Lotte Championship on Saturday, winning for the second straight year at the Ko Olina Golf Club in Kapolei, Hawaii. Competing in Skechers GO GOLF, Henderson won by four shots, finishing sixteen under par to achieve her eighth LPGA title, tying for the most wins by a Canadian in the LPGA or PGA Tours.
On Thursday before the long weekend, Skechers (NYSE:SKX) reported earnings and Wall Street hated what it saw. The stock tumbled as much 16% on the headline in the after-hours session. Luckily, Sketchers stock came into the earnings up 38% for the year, so this is merely a setback for those who are already long SKX. But today, we consider if this is a good time to catch the falling knife.Source: McArthurGlen Designer Outlet via FlickrSkechers' earnings report was not a disaster but definitely lacked any good news to buy on. SKX missed on sales, but it managed its expenses to meet the bottom line.The company CFO John Vandemore blamed challenging global conditions for the miss, but in retail it's easy to find excuses, so Skechers should just own up to its failings. However, it is not clear if those conditions are temporary or ongoing, and that is worrisome.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSKX is a momentum stock and those are tough to trade. Thursday's red candle was too big and deserves respect. Usually, these are not one-day events, meaning the selling could persist for another few days … this is compounded by a prior open gap down to $28 per share. * 7 Companies That Are Closing the CEO-Worker Wage Gap While not every gap fills, most do. If that happens here, SKX stock would have completely erased all good news from its last earnings report. In theory, this is a natural place to start buying … but this trade isn't without a ton of risk. Trading Skechers StockSKX stock has been stuck in a horizontal channel since 2015. And as SKX falls into this potential support zone, it also falls back into the clutch of a swamp zone. Sure, it has had its shining moments, but it always comes crashing back to its range of $26 per share.Holding Sketchers stock for the long-term requires too much patience for most investors. Luckily, management has been fiscally responsible, which places a decent bottom below.Fundamentally, SKX stock is not bloated. It sells at a 16 price-earnings (P/E) ratio, on par with sales and 2.4 times its book value. But while this is comforting, it alone is not a reason to buy Skechers stock for upside appreciation. To initiate a new position here, it would need to be tactical and for a specific reason.Technically, there are short-term levels to trade, as SKX stock has support brewing around $26.70 per share. This is a level where bulls and bears have recently agreed on value. So they are likely to fight it out and that creates price congestion. This will be support on the way down.So if I own SKX shares already, I would not exit now until the zone fails.Even if the initial support fails, there will be more below it to $24 per share. Conversely, don't start to chase it upward until it breaches $29 per share first, then $32. Some like to catch the dead cat bounces, but that is not reason enough. Bottom Line on SKXTo summarize, the current earnings debacle in SKX stock is not a disaster going forward. But this brings Skechers stock back into the clutches of a trap zone that is four years old. I expect SKX to find footing soon, so there is no reason to panic out of it, especially since retail spending is so hot. What's more, Wall Street experts agree as SKX trades well below their average price targets.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Skechers Stock Will Find Footing Soon, But Is It a Trap? appeared first on InvestorPlace.