Susquehanna analyst Sam Poser reiterated a Hold rating on Skechers USA (NYSE: SKX) yesterday and set a price target of $29. The company’s shares opened today at $29.72.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 6.9% and a 54.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
Currently, the analyst consensus on Skechers USA is a Moderate Buy with an average price target of $31.33, implying a 5.4% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $30 price target.
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The company has a one-year high of $43.08 and a one-year low of $23.80. Currently, Skechers USA has an average volume of 3.42M.
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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.
