Sterne Agee Maintains Buy On Shares Of Skechers USA Following Conference Call With COO/CFO
In a research report issued yesterday, Sterne Agee analyst Sam Poser maintained a Buy rating on Skechers USA Inc (NYSE:SKX), following conference call with COO/CFO David Weinberg. No price target was provided.
Poser observed, “Skechers has learned its lesson and is running a more strategic business. Spending on infrastructure is necessary. Sales momentum continues on a global basis. The strength of the product mix is broad based which is reflected in the results. Guidance is exceptionally conservative. 2 year stacked ASPs were up in 1Q, 2Q, & 3Q14 at 3%, 3.4%, and 5.2%, respectively, and margins continue to improve. We hosted a conference call with David Weinberg, CFO and COO of Skechers, and investors. Below are our takeaways from the call.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 16.3% and a 66.4% success rate. Poser has a 23.4% average return when recommending SKX, and is ranked #53 out of 3349 analysts.