Sterne Agee Reiterates Buy On Skechers Shares, $70 PT

In a research report issued today, Sterne Agee analyst Sam Poser reiterated a Buy rating on Skechers USA Ltd. (NYSE:SKX) with a price target of $70.00.

Poser explained, “SKX shares deserve a valuation more in line with other growth consumer/retail companies. Based on recent checks, we are confident that revenue will be up ~25% this year and in the mid to high teens next year. Management has demonstrated over the past eight quarters the ability to manage inventory and expenses to drive EPS and margin growth. Raising FY 14/15/16 EPS estimates from $2.54/$3.32/$3.89 to $2.74/$3.64/$4.31.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 21.5% and a 77.2% success rate. Poser is ranked #24 out of 3245 analysts.

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