Morgan Stanley analyst Kimberly Greenberger maintained a Hold rating on Skechers USA (SKX) today and set a price target of $39.00. The company’s shares closed last Friday at $32.20.
According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.4% and a 61.0% success rate. Greenberger covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Acushnet Holdings.
Currently, the analyst consensus on Skechers USA is a Strong Buy with an average price target of $44.00.
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The company has a one-year high of $44.50 and a one-year low of $17.06. Currently, Skechers USA has an average volume of 1.47M.
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SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear for men, women, and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The Domestic Wholesale Sales segment distributes footwear through the domestic wholesale distribution channels: department stores, specialty stores, athletic specialty shoe stores and independent retailers, as well as catalog and internet retailers. The International Wholesale Sales segment includes international direct subsidiary sales and international distributor sales. The Retail Sales segment refers to e-commerce which operates through the concept stores, factory outlet stores, and warehouse outlet stores. The company was founded by Robert Greenberg and Michael Greenberg in 1992 and is headquartered in Manhattan Beach, CA.
