Skechers USA (SKX) Gets a Hold Rating from Susquehanna


Susquehanna analyst Sam Poser maintained a Hold rating on Skechers USA (NYSE: SKX) yesterday and set a price target of $25. The company’s shares closed yesterday at $28.70.

According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.2% and a 58.6% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skechers USA with a $31.89 average price target.

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Based on Skechers USA’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $45.28 million. In comparison, last year the company had a net profit of $59.54 million.

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SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear that appeals to men, women and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales.

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